Ares purchases AREA Property and undertakes management shakeup. Ares Management LLC disclosed through an announcement that it inked a final contract to purchase AREA Property Partners, LP.
Leveraged Buyouts
Icahn Offers Own Money in Dell Bid
Icahn, in a bid of bravado, offers a couple of billion of own money for Dell bid. Billionaire investor Carl Icahn, who has just informed the Dell board of an intention to bid for the company with Southeastern Asset Management, told Reuters that he is willing to contribute a couple of billion of dollars in order to finance a bridge loan worth US$5.
JAB files for regulatory approval
JAB files for regulatory approval of the offer sheet for DE Master Blenders. Joh A Benckiser, the German food conglomerate, together with other co-investors are preparing to apply for regulatory approval of their offer sheet to purchase Douwe Egberts Coffee.
True Religion Apparel to be acquired by TowerBrook Capital
True Religion Apparel sold to TowerBrook Capital. In an announcement today, True Religion Apparel, Inc disclosed that it has entered into a merger agreement with TowerBrook Capital Partners LP for US$835 million.
Vitol Purchases Hard Assets
Vitol, in a move to boost profits, purchases the Immingham power plant. The world's biggest oil trader, Vitol, has entered into an agreement to purchase the largest and most modern power plants in Britain.
Latest News
Dell Corp responds to the Icahn-Southeastern Asset Management offer. On Friday, Dell Inc. issued its reply on the suggested alternative presented by Southeastern Asset Management and Carl Icahn.
DNA seeks an estimated US$1.3 billion as an acceptable bid for its company. According to a report from Reuters, the Finland-based mobile phone operator, DNA, together with its financial consultants UBS opened the sale of the company that may value estimated above EUR1 billion or US$1.
Boot Barn purchases costumes and work wear. The favorite retailer of western and workwear has finalized an agreement to purchase the stores of Baskins.
Warburg Pincus to sell of shareholdings in Webster Financials. Webster Financial Corporation, the holdings firm for Webster Bank NA, had announced the pricing for the underwritten secondary offering by Warburg Pincus Private Equity X LP of a total volume of 8,744,850 shares.
CTI Foods is now owned by the consortium of Thomas H. Lee Partners LLC and an affiliate of Goldman Sachs.
Facebook in the process of acquiring Israel's Waze for US$1 billion. According to business newspaper, Calcalist, the largest social networking site, Facebook, was reported on Thursday to be in early discussion with Israeli's renowned mobile satellite navigation application, Waze.
The Algerian government is seeking a re evaluation of Djezzy the telecommunications firm before its purchase from Vimpelcom.
Billabong has just been in breach of debt payments as exclusivity period for bid lapsed without a formal offer.
Atlas Pipeline's acquisition of TEAK Midstream recently concluded. Atlas Pipeline Partners, L. P. disclosed today that the earlier announced acquisition of TEAK Midstream, LLC, has already concluded and effective date of purchase is 1st of April 2013.
