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Yearly Archives: 2013
For our last Second Opinion of 2013, Hertz adopts a poison pill, 10 things not to buy in 2014 and an obit for the traditional light bulb. Have a Happy New Year, everybody!
Activist investor Daniel Loeb's Third Point Capital LLC has taken a stake of less than 5 percent in Hertz Global Holdings Inc, the second largest U.S. car rental company, CNBC reported.
Summer Street Capital Partners has hired Thomas Rashman as an analyst. Previously, Rashman served in the United States military's Israel Defense Forces. Based in Buffalo, NY, Summer Street Capital Partners is a private equity fund.
Warren Buffett's Berkshire Hathaway Inc struck a deal to buy a Phillips 66 business that makes chemicals to improve the flow potential of pipelines for around $1.4 billion of stock, Reuters reported.
Private equity firm KKR & Co LLP has reported a 6.8 percent stake in chipmaker Marvell Technology Group Ltd, according to a regulatory filing.
Henry Schein said Tuesday that it has completed its purchase of a 60 percent stake in BioHorizons. No financial terms were disclosed. Based in Birmingham, Alabama, BioHorizons, which is backed by Healthpoint Capital, is a provider of dental implant technology and tissue regeneration products.
Manulife Holdings Berhad, a subsidiary of Canada-based Manulife Financial, said Tuesday that it has closed its buy of MAAKL Mutual Bhd. No financial terms were disclosed. Based in Malaysia, MAAKL is a trust funds provider.
Billionaire businessman Carlos Slim's private equity fund has sold its stake in Mexican pharmaceutical company Landsteiner Scientific to a fund related to that company.
It's been a fun year, and to end it, First Read brings you news about Reed Hastings, Netflix's CEO, getting a 50% salary increase, an interesting take on private equity and the future of water infrastructure and some solutions to Uber's 'surge pricing' controversy. Also, if you need something to do tonight, look no further than the Times Square Applebees.
People Pattern, which provides an advanced analytics marketing platform, has raised $4.5 million in a Series A funding round led by Mohr Davidow Ventures, which was a seed investor in the company earlier in 2013. Private investors also participated in the funding round. Bryan Stolle, general partner at Mohr Davidow, will join People Pattern's board of directors.