Europe's initial public offering market is on track for its busiest start to the year as private equity companies seek to capitalize on demand.» Read More
March 4- Investment banker Ken Moelis' boutique investment firm, Moelis& Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States.
*Commerzbank selling 4 bln euro portfolio of property loans. FRANKFURT/ MADRID, March 4- Banks such as Deutsche Bank and JPMorgan are teaming up with international funds to bid for a multi-billion-euro portfolio of Spanish property loans as the country's real estate market thaws, sources close to the process said.
March 3- U.S. tobacco company RJ Reynolds is exploring a bid for rival Lorillard Inc, the Financial Times reported, citing people familiar with the situation. The deal is expected to value Lorillard Inc, known for its Newport menthol cigarettes, in excess of $20 billion, the paper reported.
*Blackstone to pay 210 mln euros for 20 pct stake. MILAN, Feb 27- Italian fashion house Versace is selling a 20 percent stake to U.S. private equity firm Blackstone for 210 million euros, aiming to fund new shops and build on a recent recovery in sales before an eventual stock market listing.
Feb 21- Detroit's much-anticipated blueprint for dealing with $18 billion in debt and emerging from municipal bankruptcy requires cuts to worker pensions and even deeper cuts for bondholders, according to a plan the city filed in federal court on Friday.
Feb 21- Noble Energy Inc has hired investment bank Lazard Ltd to help arrange the sale of its majority stake in a small oilfield that it owns with Sinopec off northeastern China, a person familiar with the situation said.
*Nordea, Goldman Sachs and UBS will be joint global coordinators. Funds managed by Swedish private equity firm EQT and by Goldman Sachs bought ISS for 22.1 billion Danish crowns and delisted it from the Copenhagen bourse in 2005..
Feb 11- Specialty pharmaceuticals company Mallinckrodt Plc said it would buy pain drug maker Cadence Pharmaceuticals Inc for about $1.3 billion to expand in the hospital market, where Cadence's products are widely used.
Feb 10- U.S. casino operator Caesars Entertainment Corp is working with investment bank Lazard Ltd on a financial restructuring, a person familiar with the matter said. Caesars, which operates the Caesars Palace and Flamingo casinos on the Las Vegas Strip, is saddled with more than $16 billion in debt, according to Thomson Reuters data.
MEXICO CITY, Feb 5- Spanish phone company Telefonica is in talks to buy Mexico's third-largest cellphone company, Iusacell, according to media reports on Wednesday. Citing people familiar with the matter, Bloomberg and Spanish newspaper El Economista reported that Telefonica was in talks with Grupo Televisa and Grupo Salinas, which co-own Iusacell.
Feb 5- Investment bank and asset manager Lazard Ltd reported a better-than-expected 35 percent rise in fourth-quarter profit as merger advisory revenue rose in a recovering M&A market. Lazard's financial advisory revenue increased 2 percent from the same quarter last year to $315 million, driven by an 8 percent increase in M&A and other advisory fees.
Lazard earned $110 million, or 81 cents per share, on an adjusted basis in the three months ended Dec. 31, up from $81.6 million, or 61 cents per share a year earlier.
DUBAI, Feb 5- Lazard Asset Management said it would expand its Middle East operations by hiring the former regional asset management team of ING Group NV, which resigned from the Dutch firm in Dubai earlier this week.
NEW YORK/ SAN FRANCISCO, Jan 29- Lenovo Group said on Wednesday it agreed to buy Google Inc's Motorola handset division for $2.91 billion, in what is China's largest-ever tech deal as Lenovo buys its way into a heavily competitive U.S. handset market dominated by Apple Inc. Lenovo last week said it would buy IBM's low-end server business for $2.3 billion.
NEW YORK, Jan 29- China's Lenovo Group is nearing a deal to buy Google Inc's Motorola handset division for close to $3 billion, people familiar with the matter told Reuters on Wednesday, buying its way into a heavily competitive U.S. handset market dominated by Apple Inc..
*AB InBev shares strongest in STOXX 600 index. HONG KONG/ BRUSSELS, Jan 20- Anheuser-Busch InBev SA, the world's biggest brewer, agreed to buy back South Korea's Oriental Brewery Co Ltd for $5.8 billion including debt, returning to a large Asian market at a time of strong industry growth across the region.
NEW YORK, Dec 19- Neuberger Berman Group LLC has launched its second mutual fund that employs external hedge fund managers to manage its assets, the New York- based investment firm said on Thursday.
RIO DE JANEIRO, Nov 27- Brazilian tycoon Eike Batista's oil company, OGX, lost 2.12 billion reais in the third quarter as it scrambled to start output from an offshore oil field that represents one of its last chances to remain afloat.
NEW YORK, Nov 14- A lawyer tasked with reviewing advisers' fees in Eastman Kodak Co's bankruptcy on Thursday gave his blessing to more than $240 million in bills, priming them for court approval next week. In large cases like Kodak's, judges often tap examiners to pore over the bills and offer recommendations as to whether they are reasonable.
LONDON, Nov 11- London- listed Shire has agreed to buy U.S. company ViroPharma for about $4.2 billion in cash to create a leading force in treatments for rare diseases.