American Express said four financial investors have committed a total of $900 million to a business travel joint venture.» Read More
April 14- Credit Suisse AG has hired Jim Spencer from Lazard Ltd as head of financial institutions investment banking for the Americas, according to an internal memo seen by Reuters on Monday. Spencer will join Credit Suisse in October as a managing director based in New York. At Lazard, Spencer headed its U.S. banks advisory practice.
April 14- TIAA-CREF, a retirement services provider to non-profit organizations such as universities and hospitals, said it would acquire asset manager Nuveen Investments for $6.25 billion, seeking to expand its mutual fund and municipal bond offerings. Lazard Ltd and J.P. Morgan Securities LLC advised TIAA-CREF.
*UK sells 7.8 pct stake in Lloyds Banking Group at 75.5 p/share. LONDON, March 26- The UK government has sold 4.2 billion pounds worth of shares in Lloyds Banking Group to cut its stake in the country's largest retail bank to under 25 percent and putting it on course for a complete exit in the next year.
HONG KONG, March 25- Every big bank in town wanted a piece of the Alibaba Group Holding Ltd initial public offering, set to be the biggest technology listing ever.
LONDON, March 20- French private equity firm Eurazeo is set to lose control of Europe's biggest parking management firm Apcoa to a group of lenders led by U.S. investment firm Centerbridge.
NEW YORK, March 17- American Express Co said on Monday that four financial investors have committed a total of $900 million to a business travel joint venture, in what would be the largest single investment ever made in a travel management company.
March 10- Minerals Technologies Inc said on Monday it would buy Amcol International Corp, which produces a type of clay used in everything from cosmetics to oil drilling, for about $1.7 billion as Imerys SA bowed out of a month-long bidding war.
DUBLIN, March 10- U.S. fruit firm Chiquita Brands and Irish rival Fyffes, Europe's largest distributor, have struck an all-stock deal to create the world's biggest banana supplier.
*Minerals to buy Amcol for $1.7 bln. March 10- Minerals Technologies Inc said it would buy Amcol International Corp for about $1.7 billion, after Paris- based Imerys SA failed to match Minerals' sweetened bid of $45.75 per share.
DUBLIN, March 10- U.S. fruit firm Chiquita Brands and Irish rival Fyffes, Europe's largest distributor, have struck an all-stock merger deal to create the world's biggest banana supplier. The global banana market is controlled by four multinationals, according to the United Nations: Chiquita, Fresh Del Monte, Hawaii-founded Dole Food Company and Fyffes.
DUBLIN, March 10- U.S. fruit distributor Chiquita Brands International Inc is to buy Irish rival Fyffes Plc in an all-stock deal valued at $526 million to create the world's biggest banana supplier.
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.