Waltham, Massachusetts-based electric car battery manufacturer A123 Systems Inc. filed for Chapter 11 bankruptcy protection Tuesday, The Wall Street Journal reported. The company's collapse has been called a setback for the Obama administration's efforts to foster a domestic market for electric vehicles running on U.S.-built batteries.
Leveraged Buyouts
Best Buy Extends Deadline For Founder Bid
Best Buy Co Inc agreed to extend the deadline to February 28 for founder Richard Schulze to make a bid for the company, continuing the uncertainty for shareholders over whether he can put a bid together.
Daimler Sells Half its Stake in EADS for $2.17 Billion
Daimler AG has sold 7.5 percent or half its remaining holding in European Aeronautic, Defence & Space Co. (EADS) for $2.17 billion (1.66 billion euros).
Citigroup Cutting 11,000 Jobs, Taking $1 Billion in Charges
Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.1 billion a year in expenses.
Fast Retailing Buys 80.1% Stake in J Brand to Grow U.S. Presence
Leading Japanese retail holding company Fast Retailing has decided to buy an 80.1 percent stake in U.S. denim maker J Brand Holdings from Star Avenue Capital and J Brand management for a total consideration of $290 million.
Latest News
Mitsubishi UFJ Lease is Buying U.S.-based Jackson Square Aviation from Oaktree Capital Group for approximately $130 billion.
The largest metals service center in North America, Reliance Steel & Aluminum Co., announced that effective Oct. 1 it had acquired all outstanding limited liability company interests of the privately held Sunbelt Steel Texas, LLC.
Best Buy Co Inc founder Richard Schulze and at least four private equity firms have started examining the books of the world's largest consumer electronics chain, in early steps toward what could become a potential $11 billion buyout, according to people familiar with the matter.
Sidewinder Drilling Inc plans to buy Union Drilling Inc for $139 million. Sidewinder Drilling Inc, controlled by private equity firm Avista Capital Partners, plans to buy Union Drilling Inc for $139 million to tap into rising exploration and production activity in North American shale fields.
Bids, mergers, acquisitions and disposals. The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:** A trio of state-run Indian oil companies has bid $5 billion for stakes in Canadian oil sands holdings owned by ConocoPhillips, two sources said, as the world's No.
News and developments in Asia private equity from Reuters News for the week ending September 21. News and developments in Asia private equity from Reuters News for the week ending September 21.
Mergers under review by the European Commission and a brief guide to the EU merger process. The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- French insurer Euler Hermes and Spanish insurer Mapfre to set up a joint venture (approved Sept.
Bids, mergers, acquisitions and disposals. The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: **Canada's junior finance minister, Ted Menzies, said on Tuesday his constituents in Alberta are split over China's state-owned CNOOC Ltd's $15.
Private equity groups 3i and Allianz Capital Partners are considering the sale of Scandlines. Private equity groups 3i and Allianz Capital Partners are considering the sale of Scandlines, hoping for up to 1.
