Cerberus Capital Management LP is pursuing its bid for greater control of Japan's Seibu Holding as it tries to increase its stake to 44.7 from 32.4 percent.
Sectors
Blackstone to undertake due diligence on Dell
Blackstone to do due diligence on Dell. A contingent from the Blackstone Group would be visiting Dell's corporate headquarters on Monday to conduct a proper due diligence on the company according to anonymous sources.
Chemical maker Taminco to list shares in NY Stock Market; expects to raise $300 M
Chemical maker Taminco Corp. said that it expects to raise $300 million on its initial public offering of 15.8 million shares at $18 to $20 per share.
Ex-HBOS chief James Crosby resigns as Bridgepoint adviser
Sir James Crosby, the former chief executive of HBOS who is allegedly the architect of its collapse, has quit as adviser to private equity firm Bridgepoint
Petronas Sweetens Deal for MISC Bhd
Petronas, the Malaysian state backed oil and gas firm, has increased the offer made per share. Petroliam Nasional Bhd, the state owned oil and gas company of Malaysia, has increased its offer to purchase MISC Bhd.
Latest News
Private equity firm Cerberus Capital Management is seeking to increase shareholdings in Seibu Holdings.
The private equity industry is facing a new challenge with investors, to avoid the hefty fees being charged by private equity firms, directly buying stakes in companies or go into co-investments.
The bankruptcy court upheld the sale of assets of LCI Holdco LLC despite IRS opposition. The federal court with jurisdiction over the bankruptcy case of LCI Holdco LLC has approved the sale of the assets of the company to Hospital Acquisition LLC.
VTB completes purchase of Tele2 Russia despite competitors crying foul. Tele2 announced Thursday that the acquisition by VTB of Tele2 has been completed.
In a cost saving move, Greenbrier Cos would be selling off its non-core assets. Greenbrier Cos Inc, one of the world's premier railcar manufacturers had a bumper year last year when there was an increase in the demand for oil tank cars.
Unbeknownst to many, UBS was the financial backer of CP Group in its purchase of a stake in Ping An Insurance of China.
The issuance of the Barclays CoCo bonds defies critics and conventions. Barclays new CoCo bond has defied naysayers with its pricing for its ten-year-non-call five issue deemed hard to sell in the US market.
Deutsche Telekom board considering modifying offer on merger terms between T-Mobile USA and MetroPCS Communications.
CEO Ferraris of Versace is open to recommendations on possible capital investments or retention of family exclusivity for growth opportunities.
