Prominent private equity firm KKR is seeking $2 billion for a fund to make global infrastructure investments, according to Bloomberg.» Read More
*Avago offers $11.15 per share, a premium of 41 pct. *Avago shares rise 11 pct; LSI shares up 39 pct. Dec 16- Mobile chipmaker Avago Technologies Ltd said it would buy LSI Corp for $6.6 billion as it turns to the fast-growing storage chip market to counter volatility in its main wireless business.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
NEW YORK, Dec 11- 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. It competes in the United States with Luxottica Group Spa, Wal-Mart Stores Inc and Visionworks of America Inc..
Dec 9- Sysco Corp said it would buy rival US Foods Inc for about $3.5 billion and assume about $4.7 billion in debt to cement its position as the biggest U.S. food distributor, driving up Sysco's shares 30 percent before the bell.
Some of the names on the move ahead of the open.
*Haier Electronics shares up 20 pct at 14- yr high. HONG KONG/ BEIJING, Dec 9- Alibaba Group will invest HK $2.82 billion in appliance maker Haier Electronics Group Ltd in a deal aimed at expanding the Chinese e-commerce giant's logistics reach to the millions of consumers in China's vast interior.
HONG KONG, Dec 9- KKR& Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc's South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter said.
Dec 4- SPX Corp, which has been under pressure from its largest shareholder to boost its stock price, said it would sell its entire stake in an electrical equipment joint venture to partner Emerson Electric Co for $571 million. Ingersoll-Rand Plc has spun off its security business, while Timken Co is hiving off its steel division.
A new region has recently taken over as the most attractive emerging market, according to a recent survey, and the returns are proving it.
The company, whose customers include hard disk drive and flash drive makers Western Digital Corp, Seagate Technology and Toshiba Corp, also reported better-than-expected results for the third quarter. Marvell said it expected an adjusted profit of 23- 27 cents per share for the current quarter on revenue of $880 million to $920 million.
NEW YORK, Nov 21- Blackstone Group LP said Thursday it had hired David Calhoun, chief executive of television ratings company Nielsen Holdings NV, to work with the bosses of the private equity firm's companies in order to deliver more value.
FRANKFURT/ NEW YORK, Nov 15- U.S. packaging companies Berry Plastics Group Inc and Silgan Holding Inc as well as German peer Gerresheimer are competing to buy the healthcare packaging unit of Rexam in a deal expected to fetch a little less than $1 billion, people familiar with the matter said.
Crocs wants to go private and is talking with several private equity firms, including Blackstone. Its shares gained more than 9 percent.
NEW YORK, Nov 13- Crocs Inc, known for its colorful clogs, has hired investment bank Moelis& Co to explore strategic alternatives, including a leveraged buyout, two people familiar with the matter said on Wednesday.
Nov 13- Crocs Inc, known for its colorful clogs, is considering going private, among other strategic options, a person familiar with the matter said on Wednesday. The company has held talks with a small group of private equity firms, including Blackstone Group LP and KKR& Co LP, the person said, asking not to be identified because the discussions are confidential.
Investing in private equity funds may not be so great after all, according to new research.
NEW YORK, Nov 8- Private equity firm KKR& Co LP is in advanced talks to acquire Brickman Group Holdings Inc, the largest U.S. commercial landscaping company, two people familiar with the matter said on Friday, in a deal projected at around $1.5 billion.
Nov 1- Energy Future Holdings, straining under $40 billion of debt, said talks with creditors had broken off, a day after sources said the company would make a critical interest payment. Energy Future Holdings was created in October 2007 in a $45 billion buyout of Dallas- based TXU Corp, the biggest electricity generating and distribution company in Texas.
Oct 31- Senior lenders to Energy Future Holdings are upset that the company plans to make a critical interest payment to junior bondholders on Friday, but they likely have no legal recourse to prevent it, according to experts and people close to the matter.
PE has been a winning bet for large public pensions, according to a new study.