Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.
Investors
US payment firm Square makes second acquisition in a week with Evenly app purchase
US-based mobile payments company Square has made its second acquisition in a week with the purchase of Evenly, an app that helps users share expenses, in a deal with undisclosed financial terms.
Moody's Corp buys Amba Investment Services
Credit ratings agency Moody's Corp has acquired Amba Investment Services for an undisclosed amount. The Economic Times reported the purchase highlighted an appetite for big data and knowledge outsourcing firms.
Hengdeli Holdings agrees to buy watch retailer Shenzhen Feierpusi Electronics Co
Hengdeli Holdings will be acquiring control of Shenzhen Feierpusi Electronics Co, which owns an 88.6% stake in a watch retailer in Nanchang.
Google Ventures helps raise $1.2M for San Francisco smart kitchen company The Orange Chef
San Francisco-based smart kitchen company The Orange Chef has received $1.2 million in funding from Google Ventures and Sparklabs Global Ventures to develop more connected kitchen devices.
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Food services provider Aramark Holdings Corp raised $725 million from its initial public offering after its shares were priced at the low end of its planned $20 to $23 price range, an underwriter told Reuters.
Bondholders and large depositors in a failing bank face taking losses from the start of 2016, European Union negotiators have agreed, a European Parliament lawmaker said on Wednesday.
The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.
KKR & Co LP and Carlyle Group LP are competing for National Vision Inc, the fourth-largest U.S. retailer of eyeglasses and contact lenses, in an auction that could fetch up to $1 billion, people familiar with the matter said this week.
Snapchat, the mobile photo-sharing service beloved by teenagers and twenty-somethings, has raised another $50 million, according to a Securities and Exchange Commission filing made Wednesday.
Hilton Worldwide Inc, the world's largest hotel operator, raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of the range.
Fortis Inc. announced today that it has entered into an agreement and plan of merger to acquire UNS Energy Corporation for US$60.25 per common share in cash
Talend Chief Executive Officer Mike Tuchen told TechCrunch that part of the $40 million it received from its recent funding round will go towards its plans to launch an initial public offering in the near future.
Enterprise cloud file storage hybrid Egnyte received $29.5 million in Series D funding to introduce itself to other international markets and to gain recognition in international markets like its rivals Box and Dropbox.
