Few fund firms and banks remain in Armacell auction. After Goldman Sachs and Equistone pulled out of the race, only a few buyers are still in the hunt to land Armacell, the German insulation firm.
Investors
Warner Music-Led Investor Group Invests to Beats Electronics
An investor group led by Leonard Blavatnik, owner of Warner Music, is investment $60 million to Beats Electronics LLC which plans to launch a music subscription service.
Nasdaq Partners with SharesPost
Nasdaq and SharesPost to create new market for privately held securities. A new marketplace for shares trading of unlisted companies would be rolled out as a joint venture between Nasdaq and SharesPost Inc.
Bids for Life Tech Explored by Equity Firms
Consortium of equity firms deliberating on whether to pursue purchase of Life Tech. A joint offer is being mulled for the purchase of Life Technologies Corp.
Proxy Firms Move to Oust Chairman and Directors at HP
ISS and Glass Lane calling for heads to roll in Autonomy takeover loss. Two proxy advisers have called out to fellow Hewlett Packard shareholders to move for the ouster of several board directors.
Latest News
Lansdowne CEO Paul Ruddock to retire in June. One of the world's best known hedge fund managers, Lansdowne Partners has announced that its current CEO, Paul Ruddock will be retiring come June in order to focus on his charity work and arts interests.
Southeastern Asset Management has formally filed notice for Dell to open its books for review. (Photo : Reuters) The image is Michael Dell making a presentation to shareholders.
After clashing with Baghdad, Exxon now exploring possibility of partnering with China to develop Iraq oilfield interests.
Ardent Mills would be the new company formed for the venture between ConAgra Foods, Cargill and CHS Inc.
Allscripts buys partner dbMotion. In a clear move to expand markets, North American medical information firm Allscripts Healthcare Solutions is purchasing dbMotion, the Israeli healthcare provider.
Many banks interested in Chrysler buyout, according to CEO. After previous comments on the personal choice of Fiat CEO Sergio Marchionne, it was revealed that the Fiat CEO has talked to banks on financing a buyout of Chrysler's stake in the company.
Anadarko and Indian billionaire Dhoot to sell off Mozambique gas interest. The partnership between Anadarko Petroleum Corp and Indian tycoon Venugopal Dhoot is auctioning off its twenty percent stake in a Mozambique gas field.
Marriott International is expected to open its first Moxy hotel in Milan, Italy by early 2014 as it aims to open more hotels over the next 10 years.
Wells Fargo's chief financial officer Tim Sloan revealed during an investor conference that they may consider sale of mortgage servicing rights without any capital pressure.
