Alitalia's chairman Roberto Colaninno is interested in working out a deal with Air France, although he may not have the support of all shareholders on this count.
Leveraged Buyouts
Swatch Buys Harry Winston Jewlery for $750 Million
Swatch Group, the largest maker of watches by sales, has acquired Harry Winston's jewelry arm for a total consideration of $750 million. The acquisition also includes assumption of the jewelry arm's net debt of about $250 million.
Rogers Zeroes in on Mountain Cablevision, Wireless Spectrum Licenses
Rogers Communications Inc will be acquiring Shaw Communications' Mountain Cablevision Ltd. Canada's diversified communications and media company Rogers Communications Inc.
Louis Dreyfus Agrees to Buy 13 percent Stake in Namoi Cotton
Louis Dreyfus Commodities is planning to buy about 13 percent stake in Namoi Cotton Co-operative Ltd.
Dell Shares on Eight-Month High after Possible Buyout Reports
Following possible buyout reports with private equity firms, shares in Dell surged about 13 percent.
Latest News
The Hutchinson 3G Austrai-Orange Austria deal, valued at $1.7 billion (1.3-billion-euro), received European and Austrian regulatory approval, giving H3G the opportunity to push ahead with its plan to build a nationwide LTE network in the country.
With rise in demand for car-sharing services in the U.S., Avis Budget Group Inc. has decided to buy out car-sharing company Zipcar Inc. for estimated $500 million.
Qatar-based cable news channel Al Jazeera has reportedly taken over U.S.-based news and opinion channel Current TV for estimated at $500 million.
Car rental company Avis Budget Group Inc will buy Zipcar Inc for about $500 million, surpassing larger rivals Hertz Global Holdings Inc and Enterprise Holdings Inc to become the No.1 player in the fast-growing U.S. car-sharing market.
A consortium of private equity (PE) firms comprising the Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group have struck a deal to buy financial advisory and investment banking firm Duff & Phelps Corp for about $665.5 million.
News Corp said on Friday it bought SportsTime Ohio, a Cleveland-based regional sports network that broadcasts Cleveland Indians baseball games.
General Electric Co has agreed to buy the aviation business of Italy's Avio for $4.3 billion, in a sign of confidence about the country's underlying strength despite its deep recession.
The U.S. Treasury plans to sell its stake in General Motors Co. over the coming year, all but assuring a multibillion-dollar loss in a move that will end the automaker's "Government Motors" era.
The company whose AR-15 type Bushmaster rifle was used in the Newtown school massacre in Connecticut will be immediately put up for sale, its private equity owner Cerberus Capital Management LP said on Tuesday in response to investor concerns.
