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Hedge Funds Private Equity and Hedge Funds

  • MILAN, May 29- Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state. Italy's fourth biggest bank had 26 billion euros in gross defaulting debts at the end of last year and has set a June 28 deadline for the...

  • May 27- General Motors Co said on Saturday that proxy advisory firm Institutional Shareholder Services has recommended that shareholders vote against a slate of directors proposed by hedge fund Greenlight Capital and reject the hedge fund's plan to divide GM shares into two classes. The advice from ISS is a setback for Greenlight and its manager David...

  • MUMBAI, May 27- Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees, the Indian company said on Saturday. Red Bloom Investment Ltd, a company wholly owned by private equity investment funds managed by Warburg Pincus, is buying a 9 percent...

  • WILMINGTON, Del., May 26- Private equity firms paid fair value for PetSmart Inc when they bought the retailer for $8.7 billion in 2015, a Delaware judge ruled on Friday, dealing a blow to hedge funds that try to wring cash from merger deals through a strategy known as appraisal. BC Partners Inc led a consortium of private equity investors that acquired PetSmart for...

  • FRANKFURT/ LONDON, May 26- International buyout groups and Chinese investment funds are expected to submit bids for Israeli irrigation firm Netafim, which could fetch around $1.5 billion, within the next few weeks, two banking sources said on Friday. Private equity funds CVC and Bain Capital and Chinese investment funds Fosun International and Primavera...

  • May 26- General Motors Co said on Friday proxy adviser Glass Lewis& Co LLC recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's annual shareholder meeting in June. Hedge fund manager David Einhorn's Greenlight has been pressuring GM to split its common stock into two classes to help boost its...

  • May 26- Proxy adviser Glass Lewis& Co LLC recommended shareholders of Buffalo Wild Wings to vote for the company's slate of directors, saying activist hedge fund Marcato Capital had failed to make a compelling case for making changes to the board. ISS has put its weight behind Marcato nominees Mick McGuire, the hedge fund's founder, and Scott Bergren, the former...

  • EXCLUSIVE-WEB.COM GROUP INC IN TALKS WITH PRIVATE EQUITY FIRMS ABOUT POTENTIAL SALE-SOURCES.

  • May 25- Specialty metals producer Arconic Inc said its shareholders had elected three of Elliott Management Corp's nominees to its board of directors, based on a preliminary vote count following the company's annual meeting on Thursday. Elliott, a New York hedge fund run by billionaire Paul Singer, struck a deal with Arconic on Monday, ending a prolonged battle...

  • May 25- Specialty metals producer Arconic Inc said its shareholders had elected three of Elliott Management Corp's nominees to its board of directors, based on a preliminary vote count following the company's annual meeting on Thursday. Elliott, a New York hedge fund run by billionaire Paul Singer, struck a deal with Arconic on Monday, ending a prolonged battle...

  • Bankruptcy Judge Kathy Surratt-States of St. Louis to reject a request by an official committee of creditors to hire an expert to review pre-bankruptcy transactions. Creditors have said in court filings that San Francisco private equity funds Golden Gate Capital and Blum Capital, which together hold 98.5 percent of the company and control its board,...

  • *Q1 rev $661.1 mln vs est $651.3 mln. *Q1 adj. loss 71 cents/ shr vs est 70 cents/ shr. Shares of the teen apparel retailer, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management are reportedly planning to bid, rose 10 percent to $14.18 on Thursday.

  • May 25- U.S. teen apparel retailer Abercrombie& Fitch Co, which has put itself up for sale, posted a smaller-than-expected drop in comparable-store sales, helped by strong demand for Hollister, its California beach-themed brand of surfwear. Shares of the company, for which rival American Eagle Outfitters Inc and private equity firm Cerberus Capital Management...

  • SAN FRANCISCO, May 25- Highly valued security firm Tanium Inc is allowing its co-founder, employees and some early investors to sell $100 million of stock to private equity and venture funds in a secondary sale that eases internal pressure for a public offering. The deal values Emeryville- based Tanium at $3.75 billion after the transaction, Chief Executive...

  • BUCHAREST, May 24- Black Sea Oil& Gas said it aims to start production at two gas fields off Romania by 2019, becoming the first company to tap the country's vast offshore resources. The Romanian company, controlled by private equity firm Carlyle Group LP, discovered two wells holding an estimated 10 billion cubic metres of gas in 2008 some 120 kilometres offshore,...

  • Federal prosecutors on Wednesday unsealed an indictment in Manhattan federal court against political consultant David Blaszczak, founder of Precipio Health Strategies; former U.S. Department of Health and Human Services employee Christopher Worrall; and Rob Olan and Ted Huber, listed as employees on the website of healthcare hedge fund Deerfield...

  • LISBON, May 24- Portugal's finance minister is confident that the country's planned sale of Novo Banco to U.S. private equity firm Lone Star will go ahead as planned, the minister said on Wednesday. The sale of Novo Banco has been challenged in court by some bond investors, raising concerns among some analysts that legal disputes could derail the sale after a...

  • Attorney Joon H. Kim said the defendants used "highly sensitive and confidential information" from the Centers for Medicare& Medicaid Services, part of the U.S. Department of Health and Human Services, to enable three hedge fund workers to make over $3.5 million illegally for their company from 2012 through 2014. The Securities and Exchange Commission said the...

  • May 23- Private equity firm Apollo Global Management LLC is in advanced talks to acquire U.S. job-hunting website CareerBuilder LLC after negotiations with another buyout firm ended unsuccessfully, according to people familiar with the matter. Private equity firm GTCR Ltd was in the lead to acquire CareerBuilder for more than $1 billion, Reuters reported...

  • May 23- Private equity firm Apollo Global Management is in advanced talks to acquire U.S. job-hunting website CareerBuilder LLC after negotiations with another buyout firm ended unsuccessfully, according to people familiar with the matter. CareerBuilder's owners, TV station operator Tegna Inc, broadcasting company Tribune Media Co and newspaper group...