Billabong is currently priced at Aus$0.50, much lower than the estimated offer. Billabong International Ltd, the largest surf wear company in Australia, is being bidded out for as low as Aus$0.
Sectors
High-yield bonds lure PE firms
Attractive rates and longer maturity periods are luring private equity firms to replace leveraged loans with European high-yield bonds.
BTS Group IPO Proceeds Reach US$2.13 billion
The BTS Rail Mass Transit Growth Infrastructure Fund is now worth US$2.13 billion after its IPO. BTS Group, the Bangkok SkyTrain operator has raised nearly US$2.
Sterling Bancorp Bought by Provident New York Bancorp
Sterling Bancorp was purchased by Provident New York Bancorp for US$344 million. Provident New York Bancorp has announced its purchase of Sterling Bancorp through a stock deal amounting to US$344 million.
Cerberus Capital to undertake IPO
Cerberus Capital is now preparing to undertake an IPO of its German property assets. Private equity firm Cerberus Capital Management LP, led by Stephen Feinberg is now going full steam ahead with an initial public offering of its German retail property assets.
Latest News
Randstad purchases part of USG People's operations at Eur20 million. Randstad, the Dutch staffing firm has entered into an agreement to purchase part of USG People's European operations.
Bertelsmann would be selling off part of its shareholdings in the RTL Group for an estimated Eur1.5 billion.
France Telecom and Deutsche Telekom venture in the UK EE is planning strategic changes. EE, Britain's largest mobile operator, is now undertaking plans to prepare for its initial public offering.
Mitsui Corp, one of the world's leading chemical makers purchases Heraeus Dental for Eur450 million.
German media conglomerate Bertelsmann has said that it is making sale of a stake in RTL group. Germany's Bertelsmann has announced that it is planning to sell a stake in broadcasting company RTL Group worth as much as 1.
Randstad and USG People reached a deal in which the former will buy some of the latter's European operations for 20 million euros.
International Airlines Group said it will be buying 18 787 Dreamliners from Boeing, which faced over lithium-ion battery overheating concerns.
Vodafone shareholders are thinking about whether they should sell the entire company to Verizon or just sell its 45% stake.
Nationwide Financial has announced that it is acquiring 17 equity and bond mutual funds with $3.6 billion in assets from Union Bank's HighMark Capital Management.
