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Hedge Funds Private Equity and Hedge Funds

  • July 24- Private equity firm KKR& Co has agreed to buy WebMD Health Corp for about $2.8 billion, bringing a slew of popular online health information websites under one umbrella, and separately said it would buy a major stake in Nature's Bounty Company. The WebMD deal is five months after the New York- based company said it would explore strategic options amid a...

  • July 24- Private equity firm Carlyle Group LP is looking to raise $15 billion for its next U.S. buyout fund, Bloomberg reported on Monday, citing people familiar with the matter. The fund, the firm's seventh for the United States, is part of Carlyle's aim to raise $100 billion from 2016 to 2019, Bloomberg reported. https://bloom.bg/2uuimhp. Carlyle's $15 billion...

  • July 24- Rent-A-Center Inc snubbed takeover interest from private equity firms HIG Capital and Lone Star Funds before it turned down an offer of $800 million from buyout firm Vintage Capital this month, people familiar with the matter said on Monday. HIG and Lone Star did not offer a price for the company, but each said it would pay a premium for the business, the...

  • WASHINGTON, July 24- The Federal Reserve announced Monday that it was streamlining part of its Volcker Rule compliance regulations, providing guidelines to banks seeking more time to start up and spin off new hedge funds and private equity funds. The Federal Reserve Board published new guidelines on Monday detailing how banks could apply for an extension for...

  • July 24- Private equity firm KKR& Co has agreed to buy WebMD Health Corp in a deal valued at about $2.8 billion, bringing a slew of popular online health information websites under one umbrella. The deal comes five months after New York- based WebMD said it would explore strategic options amid a slowdown in advertising paid for by pharmaceutical companies.

  • HONG KONG, July 24- The Hong Kong stock exchange has rejected the IPO application of AMTD Strategic Capital Group, a corporate insurance broker backed by Morgan Stanley's private equity arm. The Hong Kong company, controlled by AMTD Asia, filed in May for the IPO, which Thomson Reuters publication IFR said could total $200 million. AMTD Strategic Capital is 79...

  • LONDON/ AMSTERDAM, July 24- Hedge fund firm Elliott Management on Monday asked the board of Dutch paintmaker Akzo Nobel to respond urgently to its concerns about the nomination of a new chief executive. Paul Singer's activist fund called on Akzo to confirm the date of a shareholder meeting to vote on the appointment of Thierry Vanlancker as the new CEO and to...

  • LONDON, July 24- Hedge fund managers have continued to cover short positions in crude oil and gasoline, helping lift prices across the petroleum complex against a backdrop of improving fundamentals. Hedge funds and other money managers reduced short positions in the five major petroleum futures and options contracts by a further 44 million barrels in the...

  • July 24- Online health publisher WebMD Health Corp said on Monday it agreed to be bought by private equity firm KKR& Co in a deal valued at about $2.8 billion. The deal brings together WebMD's websites, such as WebMD.com, Medscape.com and MedicineNet.com, and those owned by KKR unit Internet Brands Inc, including DentalPlans.com and AllAboutCounseling.com.

  • *Louis Dreyfus planning series of divestments. PARIS, July 24- Louis Dreyfus Company has agreed to sell its African fertilizer business to Helios Investment Partners, sealing the first of a series of divestments planned by Louis Dreyfus as it responds to a tough cycle for agricultural commodity traders. Helios, a private equity firm, is to acquire 100 percent of...

  • July 24- Online health publisher WebMD Health Corp said on Monday it agreed to be bought by private equity firm KKR& Co in a deal valued at about $2.8 billion. KKR will pay $66.50 per share, a premium of 20.5 percent to WebMD's Friday closing. Reuters reported on Sunday that KKR was nearing a deal to buy WebMD.

  • NEW YORK, July 24- Miami- area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets. Most funds invest in traditional financial assets like stocks or bonds, but direct...

  • July 24- Private equity company KKR& Co LLP will announce on Monday that it has agreed to pay $66.50 per share in cash to acquire U.S. online health publisher WebMD Health Corp, a person familiar with the matter said on Monday. Reuters reported on Sunday that KKR was nearing a deal to acquire WebMD, whose shares closed on Friday at $55.19, giving it a market...

  • NEW YORK, July 24- Miami- area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets. Most funds invest in traditional financial assets like stocks or bonds, but direct...

  • TEL AVIV, July 23- Blackstone Group is in advanced talks to pay $400 million for 40 percent of privately held Israeli firm NSO Group, a maker of spyware for mobile devices, Israel's Calcalist business newspaper reported on Sunday. Blackstone, a New York- based buyout firm, was not immediately available to comment. Cyber researchers with Citizen Lab at the...

  • Handshake M&A mergers promotion

    The deal would bring under one roof WebMD's websites, with those owned by another KKR company, Internet Brands.

  • July 23- Private equity firm KKR& Co LLP is nearing an all-cash deal to acquire WebMD Health Corp, a U.S. online health publisher with a market capitalization of $2.1 billion, people familiar with the matter said on Sunday. The deal would bring under one roof WebMD's websites, such as WebMD.com, Medscape.com and MedicineNet.com, with those owned by another KKR...

  • *Q2 EPS $1.80 vs est $1.78. Sales in Honeywell's aerospace business, which activist investor Daniel Loeb wants to be spun off, fell about 3 percent to $3.67 billion in the second quarter ended June 30, but the drop was much smaller than the company's forecast of 5 to 7 percent. Loeb, who runs hedge fund Third Point LLC, has said a spin off could create more than $20 billion...

  • MADRID/ MILAN, July 21- Spanish builder ACS is in talks with various pension and infrastructure funds and private equity firms on a potential counter-bid for Abertis, two sources familiar with the matter said on Friday. ACS confirmed it was considering making an offer for Spain's Abertis after Italian infrastructure group Atlantia, controlled by the Benetton...

  • LONDON, July 21- Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe's most highly valued tech startups, the companies said on Friday. Klarna, which says it handles 650,000 transactions per day, got a banking licence from Sweden's financial watchdog last month, two weeks after Anders Holch Povlsen, owner of...