AMC Entertainment Holdings Inc is reportedly selling the shares it is offering in its initial public offering at a discount, which would value the cinema chain 7.2 times bigger than its estimated earnings before interest, taxes, depreciation and amortization or EBITDA in 2014.
United States
Barington recommends split of Olive Garden, Red Lobster restaurant operator
Activist investor Barington Capital Group said that Darden Restaurants Inc., the operator of Olive Garden and Red Lobster restaurant chains, could be worth $71 to $81 per share. Barington recommends that Darden split into two companies.
US Federal Reserve's largasse is private equity benefit - report
An report published on The Financial Times detailed how private equity moves in markets to ensure that quantitative easing of the US Federal Reserve will not be further reduced.
Alternative bond funds a rave in US investors - report
The Financial Times noted that data issued by mutual fund research company Morningstar supported the trend seen in US investors flocking to alternative bond funds in anticipation to the tapering of the US Federal Reserve's quantitative easing measures.
Bankrupt Nortel Networks cuts over $3B in claims in reached deal
Three of the four largest claims against the US estate of bankrupt telecoms company Nortel Networks Inc has been resolved, reducing the bills the estate needs to settle by by $5.14 billion, said a Reuters report.
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Website security provider CloudFlare' chief executive officer and co-founder Matthew Prince revealed to TechCrunch that it received a significant investment to the tune of $50 million from Union Square Ventures about a year ago.
Marketing personalization startup Sailthru announced the conclusion of its $20 million Series C funding round led by Scale Venture Partners and participated by Benchmark, RRE, DFJ Gotham, AOL Ventures and other existing backers.
China's holdings in US Treasury securities were seen increasing to a figure nearing $1.314 trillion it last hit in July 2011 as the world awaits for the decision of the US Federal Reserve to taper its $85 billion monthly purchases, said a Bloomberg report.
As investors await for the decision of the US Federal Reserve to the timeline when it will begin with its tapering of its monthly bond purchases, prices of gold and other minerals saw increases in the financial markets.
Citing sources, Bloomberg reported that US-based life insurance firm MetLife Inc is talking exclusively with AMMB Holdings for the acquisition of its Malaysian life insurance businesses.
Boeing Co has increased its quarterly dividend from $0.485 cents a share to $0.73 cents and have authorized a new $10 billion share repurchase in the next two to three years, Reuters reported.
Despite getting clearance from accounting firm PricewaterhouseCoopers LLP regarding its fiscal statements for the last three years, activist investor Bill Ackman appeared to be not convinced that Herbalife Ltd is not operating a pyramid scheme.
Manulife Financial Corp bought a 21-story office building in New York's financial district from Mitsui Fudosan Co in a deal worth $166.5 million to capitalize on growing demand, Bloomberg reported.
The Metropolitan Transit Authority has selected Westfield Group to lease out stores at the Fulton Street Transit Center. This would make the Australian shopping center owner a dominant retail landlord in lower Manhattan.
