The sale of 11% over Prosiebensat.1 is the start of the exit of KKR and Primera from the business. ProsiebenSat. 1 private equity owners are selling off an 11% share in the free-to-air broadcaster from Germany.
Exits
AMC plans to raise USD400 million in IPO
AMC Entertainment Holdings announced to go public through an IPO as it aimed to raise USD400 million.
Bankruptcy ends for Kodak
After filing bankruptcy protection last year, Kodak said last Tuesday that it had finally exited bankruptcy.
Nokia's stronghold on patents offers potential revenue after Microsoft deal
Nokia could boost its royalties as the Finnish phone maker gripped on its valuable patent portfolio.
Sources: Morgan Stanley to oversee Ellie Mae sale
According to sources that told Reuters, mortgage software company Ellie Mae had hired Morgan Stanley to try to sell the company.
Latest News
TRG is the new firm formed from the merger of Citi Venture Capital International and Rohatyn Group. In order to manage emerging-markets assets, Citigroup Inc has laid out plans to combine its Citi Venture Capital International with the Rohatyn Group under undisclosed terms.
Today, OCI Resources announced that it had launched its initial public offering of 5,000,000 common units.
US investment firm Starboard Value LP voiced his opposition of the Smithfield Foods Inc.'s takeover bid by Shuanghui International Holdings Ltd. in a letter addressed to his co-shareholders on Tuesday.
Opposition Members of the Parliament (MP) expressed their concerns over the UK government not providing enough protection for Royal as the universal postal service near privatization.
The Philippine Stock Exchange said meeting IPO targets this year would be difficult as market conditions continued to be volatile.
The announcement of Nokia selling its handset unit to Microsoft Corp. had left hedge funds rushing to unwind their bets, leaving the Finnish company to score a record gain per day.
A term sheet seen by Reuters revealed that Bank of America Corp would exit from China Construction Bank Corp by selling shares worth USD 1.5 billion.
Lafarge would sell its 53.3% stake in its Honduras business to Cementos Argos for a price tag of EUR 232 million.
A Wall Street Journal cited sources who told the newspaper that Citigroup Inc. sold over USD6 billion in private equity and hedge fund assets to comply with new regulations on bank's holdings in investments.
