Investor demand for shares of auto lender Ally Financial has grown as evidenced by the increasingly high prices paid for them in recent private transactions, sources told Reuters.
Exits
2014 will be a year of results and not bubbles - report
In an attempt to argue against beliefs that this year will bear witness to a lot of bubbles, Jeff Bussgang said on his report that the technology sector will be contributing majority of groundbreaking records in terms of initial public offerings.
Sales in Manhattan apartments jump, hits year-end record
A report by brokerage Douglas Elliman Real Estate and appraiser Miller Samuel Inc released today indicated an influx of home property sales in the Manhattan, New York area in anticipation of increasing prices and interest rates.
Lindsay to buy back up to $150M in stock, doubles quarterly dividend as US sales drop
Lindsay Corp, manufacturer of irrigation equipment, recently announced that it will repurchase $100 million to $150 million in stock and will increase its quarterly dividend to $0.26 per share.
Bunge North America sells stake in corn-based ethanol plant to Ergon
Bunge North America Inc., a unit of food processing company Bunge Ltd, has put up for sale its remaining stake in Ergon BioFuels LLC for an undisclosed sum. The said stake will be bought by its joint venture partner Ergon Inc.
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TV and film company 21st Century Fox on Thursday announced that it would put up for sale its 47% stake in Star China TV for an undisclosed sum. The said stake will be bought by private equity firm China Media Capital and the TV channel operator's management.
Zyden Gentec Ltd.'s shares fell by 5% to INR15.25 per share after Punjab National Bank's recent stake sale. PNB had sold 335,141 of its shares in the pharmaceutical company, which represents a 3% equity ownership.
Dangote Industries Ltd, Alhaji Aliko Danagote's holding company, has up till October 26 to sell down or dilute its stake in cement manufacturer Dangote Cement PLC. The reduction in shareholding will enable the cement company to comply with flotation regulations in Nigeria's bourse.
The outflows of Jeffrey Gundlach's DoubleLine flagship fund in December last year amounted to $2.08 billion, according to research firm Morningstar's data, marking the seventh month in a row that investors have withdrawn money from the fund.
ARX Equity Partners, a private equity firm based in Czech Republic, has sold its controlling stake in film extruder Ergis-Eurofilms SA. Ergis claims to be the largest film extrusion group in the country.
New York-based mass media company AOL Inc. reportedly sold media player Winamp and music service Shoutcast to Belgian online radio stations aggregator Radionomy. The deal is expected to be closed by the end of the week, said a TechSpot report.
The Wall Street Journal reported that institutional investors will best remember 2013 as a year of record gains, as buoyant markets facilitated IPOs and debt deals that paid hefty dividends.
Northern & Shell, the owner of Channel 5 Broadcasting Ltd., is reportedly considering to put up the TV broadcaster for sale for £700 million. Northern & Shell acquired Channel 5 for £103.5 million in 2010.
Commodity hedge fund Higgs Capital Management, which manages some $250 million, will wind down and return money to investors, its founders said in a note on Monday.
