Permira planning to sell 10% of shareholdings in Hugo Boss. Hugo Boss share values dropped to its lowest in eight months in trading in Frankfurt, Germany after its majority ownership, Permira Advisers LLP said it is planning to sell off a stake in the German luxury brand clothier.
Sectors
Ista To Sell Bonds To Cover CVC Capital Purchase
Ista to sell bonds to cover sale by CVC Capital. Ista International would be selling bonds to help CVC Capital Partners' Eur3. 1 billion or US$4. 1 billion buyout of the German metering company.
Berkshire Hathaway lowers shareholdings in Tesco
Berkshire lowers interest in Tesco from 5.08% to 4.98%. Berkshire Hathaway, the firm of billionaire investor Warren Buffet, has reduced its shareholdings in Tesco Plc to 4.
ISS Endorses Elliot Management Nominated Directors
ISS endorses the directors nominated by Elliot Management. The shareholders of Hess Corp should elect all five directors nominated by Elliot Management Corp for its May 16 annual meeting.
Newell Selling Off Business Units
Newell is selling two of its business units in a bid to lower costs and boost profits. Newell Rubbermaid Inc will be putting up its Hardware and Teach Platform businesses.
Latest News
Westlake Chemicals purchases the pipe and foundation group business of Certain Teed. Westlake Chemical, the specialty chemicals producer, has purchased the business of Certain Teed, which includes PVC pipe, fittings, foundation and profiles.
OfficeMax faces suit from investor for breach of fiduciary duties. An OfficeMax Inc shareholder has filed suit against the directors of the company as it seeks to stop the takeover by Office Depot Inc.
Verizon CEO said that it would not pay premium for buyout of Vodafone in its joint venture. According to Verizon Communications CEO Lowell McAdam it would like to buy out its joint venture partner Vodafone but will not do so at any cost.
TPG-Axon Capital gains majority control of board seats at SandRidge Energy Corp. TPG-Axon Capital, the hedge fund manager, has landed almost half of the seats at SandRidge Energy Corp's board.
Roper purchases Managed Health Care Associates for an estimated US$1 billion. Industrial manufacturing specialist Roper has recently acquired Managed Health Care Associates.
Ares IPO would be conducted in the next few months, at a time that the market is very buoyant. Ares Management LLC is an investment firm with about US$59 billion in its portfolio of credit and private equity assets.
STX Corp to sell STX Energy Co shares to Hahn & Company. An STX spokesman confirmed Friday that STX Corp would be selling off 43. 15% shareholdings in its afflilate STX Energy Co Ltd to private equity firm Hahn & Company.
Colony American Homes offers IPO to press on its acquisition scheme of single family rental homes.
Speaking to Bloomberg from Omaha, NB, Berkshire Hathaway's Warren Buffett says his successor has been chosen by the board and he designed the successor's new pay scheme.
