LONDON/NEW YORK - Mondelez International Inc is exploring a sale of its European cheese and grocery business, which could be valued at around $3 billion, according to people familiar with the matter, as it sharpens its focus on snack foods and refreshments.
MONTREAL/WASHINGTON - Bombardier Inc is in discussions with the Caisse de depot et placement du Quebec, which manages Quebec's public pension plans, on a deal that could inject more cash into the troubled plane and train maker, according to two sources familiar with the matter.
- Sycamore Partners came close to an agreement to acquire U.S. women's apparel maker Chico's FAS Inc late last month, but financing and valuation concerns have since weighed on the negotiations, according to people familiar with the matter.
LONDON/TORONTO - Glencore is in talks with a Saudi Arabian sovereign wealth fund and China's state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters.
SAN FRANCISCO - Initial public offerings by start-up companies with venture backing fell to 13 last quarter, down from 29 the previous quarter and 24 a year earlier, as market turmoil deterred start-ups from pursuing IPOs, the National Venture Capital Association said Thursday.
- Anbang Insurance Group Co is in the lead to acquire annuities and life insurance company Fidelity & Guaranty Life , according to people familiar with the matter, as more Chinese insurers seek to expand into the United States.
FRANKFURT - Shares in Bayer's Covestro will sell for 24 euros ($27) apiece in its stock market flotation, Covestro said on Friday, valuing the plastics and specialty chemicals maker at 4.86 billion euros excluding debt.
- Albertsons Cos Inc [ABS.N], the No.2 U.S. grocery chain, said it hoped its initial public offering would raise $1.7 billion, an ambitious target at a time of intensifying industry competition and uncertainty in global capital markets.
MILAN/PARIS - France's Vivendi has taken steps to raise its stake in Telecom Italia to around 19 percent of the ordinary share capital, said four people familiar with the matter, in a bid to increase its influence at the group.
MILAN - Luxury sportscar maker Ferrari is likely to set a price range for its much anticipated initial public offering (IPO) in New York within days, possibly as early as Friday, a source close to the matter said on Thursday.
- Finance: Russia's Aeroflot says drops plans to acquire Transaero
- Technology: Chipmaker PMC-Sierra hires financial adviser for sale: Bloomberg
- Healthcare: U.S. says it will not fight Steris loss in district court
- Consumer: Unilever buys premium Italian ice cream maker GROM
- Energy: PBF Energy buys Torrance refinery in bid for national footprint
- Industrials: Germany's Kloeckner acquires U.S. firm American Fabricators
- M&A: Chinese firms eyeing 30 pct or less in Hinkley Point - report
- Bankruptcy: Clinton blasts Patriot Coal bankruptcy plan
- IPOs: BHP seeks hybrid as corporate market reels from Glencore
- Private Capital: REFILE-UPDATE 2-Supermarket chain Albertsons hopes to raise $1.7 bln in IPO
- Hedge Funds: Ex-Brevan Howard star trader Rokos gets UK approval to start hedge fund
- Regulatory: UPDATE 2-Pacific trade talks near deal after reported pharma breakthrough
- Guy Hands: Private equity fees are 'driving investors away' - Financial Times
- Cell Therapy eyes initial public offering - Financial Times
- Colorado chip-card maker plans IPO - Denver Business Journal
- Hotel Indigo LES | Harlem Shake's second location | Quirky bankruptcy - Crain's New York Business
- Bear Creek VFD pursuing Swansboro merger - Jacksonville Daily News
- Bergen County GOP freeholder candidate says bankruptcy taught him hard fiscal ... - NorthJersey.com
- Japan's ANA eyes stake in Vietnam Airlines - Financial Times
- Supermarket chain Albertsons IPO to price at $23-26/shr - CNBC