Activist investor Barington Capital Group said that Darden Restaurants Inc., the operator of Olive Garden and Red Lobster restaurant chains, could be worth $71 to $81 per share. Barington recommends that Darden split into two companies.
Regions
Citigroup, Santander sell $1B of trade finance assets
The Financial Times reported two banks divested trade finance assets amounting to $1 billion in a securitization that would get these assets to institutional investors from bank balance sheets.
Brooklyn laundry startup FlyCleaners raises $2 million in seed fund
New York-based venture capital firm Zelkova Ventures and several angel investors have committed $2 million in seed funding for North Brooklyn on-demand laundry startup FlyCleaners.
US analytics firm Trinity Pharma bags $15M to make cloud-based data for life sciences
Massachussetts, US-based mobile data analytics firm Trinity Pharma Solutions announced raising $15 million in a growth round led by Health Enterprise Partners for its expansion in New Jersey and California.
Infographics: Investors pour big money into big data startups this year
An infographic shows that investors have invested $3.6 billion in 2013 in companies focused on big data, comprising close to three quarters of the money poured into these firms from 2008 to 2012.
Latest News
An report published on The Financial Times detailed how private equity moves in markets to ensure that quantitative easing of the US Federal Reserve will not be further reduced.
The Financial Times noted that data issued by mutual fund research company Morningstar supported the trend seen in US investors flocking to alternative bond funds in anticipation to the tapering of the US Federal Reserve's quantitative easing measures.
Data published by the Council for Mortgage Lenders and the British Bankers' Association indicate a housing boom in London as compared to average house prices in all of Britain, according to The Financial Times.
Three of the four largest claims against the US estate of bankrupt telecoms company Nortel Networks Inc has been resolved, reducing the bills the estate needs to settle by by $5.14 billion, said a Reuters report.
A Reuters report said 3M Co revealed its plans to purchase its shares back worth up to $22 billion, making it the biggest so far in terms of percentage among US companies who have announced similar plans this year.
On Tuesday, AT&T agreed to sell its wireline assets in Connecticut to Frontier Communications for $2 billion in cash in order to fund the US phone company's ongoing massive network upgrades.
The state of Russia under President Vladimir Putin agreed to acquire $15 billion worth of Ukrainian Eurobonds to help the beleaguered country of Ukraine out of a potential currency crisis, according to a Reuters report.
AMC Entertainment Holdings Inc is reportedly selling the shares it is offering in its initial public offering at a discount, which would value the cinema chain 7.2 times bigger than its estimated earnings before interest, taxes, depreciation and amortization or EBITDA in 2014.
Website security provider CloudFlare' chief executive officer and co-founder Matthew Prince revealed to TechCrunch that it received a significant investment to the tune of $50 million from Union Square Ventures about a year ago.
