The new owner of Hostess Brands Inc's snack cakes hopes to have Twinkies back on U.S. store shelves by this summer, according to a member of the purchasing group.
Corporations
Commerzbank Bidders Line Up Offers
Commerzbank's property portfolio up for grabs. The sale of Commerzbank has created a buzz within the industry, making many private equity firms and property lenders to stand up and take notice.
Police Investigation on HP Purchase of Autonomy
HP purchase of Autonomy now under investigation by the US and UK regulators. Technology giant Hewlett Packard has told BBC that the Serious Fraud Office of the UK is currently investigating the activities of Autonomy.
Advent Software hires Qatalyst to explore sale -sources
Advent Software Inc, an accounting software company, is exploring a sale and has hired Frank Quattrone's investment bank Qatalyst Partners to lead the effort
Carlyle and KKR Bids for Thai Life
Equity firms vie for 20% stake in Thai Life. KKR and Carlyle are among the bidders that have made offers to purchase a minority stake in Thai Life Insurance Co Ltd.
Latest News
STMicroelectronics and Ericsson have failed to find a buyer for their loss making wireless electronic chip joint venture and will now consider whether to close the business down, news service Bloomberg said on its website.
ACI acquires Online Resources to expand its service capacities. The international provider of payment systems ACI Worldwide issued an announcement that it has completed the acquisition of Online Resources Corp.
Krono lists Distressed Asset Bonds in Danish bourse. Krono Partners PLC has announced that it would be introducing its distressed asset bonds for listing on the GXG Market.
US Bank Tower, the building blown up in the movie "Independence Day", is to be purchased by overseas investors.
MGM Board to discuss IPO. The Metro Goldwyn Meyer board, the iconic Hollywood moviemaker that ended its bankruptcy in 2010 is now in discussions for its initial stock offering.
Apollo Global's Constellium to open with IPO. Apollo Global Management is conducting its interviews of banks for the initial public offering of Constellium, a company that makes aluminium products for the transportation and aerospace industry.
Cerberus increases stake in Seibu. Cerberus Capital Management, the American private equity forum, is seeking to increase its stake in Seibu Holdings, the Japanese railway and property group.
Idemitsu gets management shakeup and plans future. The third largest refiner in Japan, Idemitsu Kosan Co is keenly interested in the acquisition of stakes in Canadian gas fields.
Air Asia continues its expansion plans in South East Asia. AirAsia's subsidiary in the Philippines has decided to purchase 49 percent of Zest Airways as their initial step in expanding their business into the Philippines.
