BlackBerry, a Canada based struggling smartphone manufacturer, had been more open to a company breakup amid concerns that its biggest shareholder Fairfax Financial Holdings Ltd would not be able to find funds or partners for a proposed USD4.7 billion buyout deal.
Leveraged Buyouts
Crestwood Midstream Partners purchases Arrow Midstream Holdings for USD 750 million
Crestwood Midstream Partners bought Arrow Midstream Holdings for USD 750 million to expand its pipeline business in the North Dakota.
Men's Wearhouse shares rally after refusing Jos. A. Bank proposal- report
Shares of Men's Wearhouse jumped 28% after rejecting the takeover bid of Jos. A. Bank. Shares of Men's Wearhouse increased 28% after it snubbed the USD 2.
Synaptics acquires finger-based authentication startup Validity for USD255 million
Synaptics Inc recently acquired Validity Sensors, Inc for USD255 million to obtain access to a profitable biometrics market.
The saga of the Jet Airways and Etihad Airlines deal
Jet Airways and Etihad Airlines literally went through the proverbial eye of the needle, through the eye of the storm and weathered a broken camel's back to finalize its deal.
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KKR & Co LP, a US private equity fund, had acquired a substantial minority stake in Weststar Aviation valued USD200 billion, said a Reuters report.
Men's Wearhouse had rejected the takeover offer of Jos. A. Bank valued at USD2.3 billion in cash as the company deemed the bid to be inadequate, said a Reuters report.
For the price of USD1.6 million, Lionbridge Technologies gains a foothold in the Chinese market as well as expand its revenue clientele through the acquisition of E5 Systems.
Rhiag had entered into definitive agreements for its acquisition by Apax Partners through its Apax Fund.
KKR & Co announced acquisition for Crosby Group and Acco Material Handling Solutions valued USD1 billion, said a Reuters report.
Meetup had acquired its first company, tech startup Dispatch, for an undisclosed amount. Offline group meeting facilitator platform Meetup had made its first acquisition.
Verisae acquired Hara Software for an undisclosed amount. Verisae announced its purchase of Hara Software. No financial terms were disclosed. However, Verisae Chief Executive Officer Jerry Dolinsky said the acquisition was highly strategic.
In a bid worth AUD1.5 billion, Westpac stands to acquire the asset finance and commercial lending units of Lloyds Banking Group in Australia.
Thoma Bravo would be purchasing Empirix Inc for an undisclosed amount. Private equity firm Thoma Bravo announced that it had inked a definitive agreement to purchase Empirix Inc.
