Altice B2B France is nearing agreement to acquire French metro telecom network provider Completel for EUR 723 million ($985m). Under terms of the agreement, Altice B2B France would first acquire a 21% stake in Completel at EUR 35 to EUR 35.50 per share, and then another 34% at EUR 35.50. Altice B2B France is a […]
SANTA CLARA, Calif. (AP) – Computer chip maker Intel Corp. said Thursday the Federal Trade Commission asked for more information on the company's proposed deal with Switzerland's STMicroelectronics NV. The companies, along with private equity firm Francisco Partners, plan to form a new company that will buy up Intel's and STMicroelectronics' NOR flash businesses. The […]
TheFind Inc., a Mountain View, Calif.-based shopping search engine, has acquired Glipse.com, a fashion shopping website operator that was formed less than a year ago. No financial terms were disclosed. TheFind has raised around $26 million in VC funding from firms like Bain Capital Ventures, Redpoint Ventures and Lightspeed Venture Partners. Glipse.com had raised an […]
Norvestor has acquired Nordic travel companies Seat24 Travel AB and SRG Online AB, and merged them into a single entity called European Travel Interactive AB. No financial terms were disclosed. www.norvestor.com
Oaktree Capital Management has decided to help loosen some of the “hung bridges” that are currently strangling Wall Street. Sources tell me that the Los Angeles-based firm is raising between $3 billion and $5 billion for a new fund that will buy up LBO-related debt that banks have been unable to place. It is being […]
Quest Specialty Chemicals Inc., a chemical acquisition platform of Huron Capital Partners, has purchased the assets of Zolatone Automotive, a Los Angeles-based maker of acrylic sealers and other coatings for the automotive, industrial and marine markets. No financial terms were disclosed. www.questspecialtychemicals.com www.zolatoneaim.com
We now have a second take-private buyout whose price was reduced due to credit market woes. Actually, it seems to have been the first one. More than a month before Home Depot Supply became a business page soap opera, Platinum Equity cut its offer for metal processor Ryerson Inc. (NYSE: RYI) from $37.50 per share to […]
Halyard Capital has formed a new marketing and advertising company called Engauge, via the merging of existing portfolio company Direct Impact (Austin, Texas) with new acquisition Ten United (Dallas, Texas). No financial terms for either acquisition was disclosed. Engauge will be run by Ten United CEO Rick Milenthal, while industry veteran Stan Rapp will serve […]
Lenovo Group Ltd. might consider a rival offer for fellow PC maker Gateway, according to a speculative piece on TheStreet.com. Gateway yesterday agreed to be acquired for $710 million, of $1.90 per share, by Acer
EnerWorks Inc., an Ontario
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