AXA PE sells off its shareholdings in Duplomatico Oleodinamica. AXA Private Equity has sold its interest in Duplomatic Oleodinamica, the Italian industrial supplier to Progressio SGR.
Consumer Electronics
French Media group Lagardere earns $3 billion for EADS stake
French media group Lagardere has raised $3 billion from the sale of its 7.4 percent stake in Europe’s top aircraft maker EADS.
JC Penney's Board Overrules Ackman
Ackman's handpicked executive has been replaced by the board of JC Penney. William Ackman has bet the ranch that he would be able to overhaul the financial condition of retail giant JC Penney.
International Airline Group to Purchase Vueling
Vueling, the Spanish budget airline is the subject of takeover discussions by IAG. Spanish budget airline Vueling's board recently recommended to its shareholders to accept an improved takeover bid from International Airline Group.
Fiat SpA Claims It Has Enough Funding to Purchase Remainder of Chrysler
Fiat claims ability to buy out other shareholders for Chrysler. The Italian carmaker who manages Chrysler Group LLC, Fiat SpA, said that their resources are already sufficient to be able to purchase the remaining shares from an employee group and there is no need to liquidate new shares to be able to finance the deal.
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The latest bid is now subject to exclusive talks between Billabong and Naude-Sycamore consortium. Billabong International Ltd, the Australian surfwear company is now entering a ten (10) days of exclusive discussions with a consortium for a takeover bid.
Generali's US life reinsurance unit would be bought by one of two bidders currently on the short list.
Infinity announces the acquisition of AHC Southwest and Advanced Homecare. Infinity Homecare announced the acquisition of AHC Southwest and Advanced Homecare as already complete.
MMC London Fund established for GBP11 million for specific areas of development. MMC Ventures recently lands a tender to launch the MMC London Fund. The fund is worth GBP11 million or US$16.
Goodlife Fitness centers completed US$40 million expansion of a US$125 million subordinated credit facility.
Brightstone Venture Capital raises funds for Mobile Realty Apps. Brightstone Venture Capital has been in the business of investments in the past three decades with interests in over eighty Minnesota enterprises.
The IPO shares of Blackhawk would be at US$220 million at US$22 per share. Safeway Inc. 's gift card and payment service unit, Blackhawk Network Holdings Inc has formally offered ten million Class A shares priced between US$20 and US$22 per share.
OTK Associates LLC, the largest shareholder of Morgans Hotel Group Co. is evaluating all legal rights and remedies over the Morgans' agreements with The Yucaipa Companies.
The Macquarie Capital purchase of Advantage is under review by antitrust regulators. US regulators are reviewing the consent decree that allowed Macquarie Group Ltd to purchase Advantage rental brand from Hertz Global Holdings.
