Covidien (NYSE: COV) has sold its U.S. radiopharmacy network to Triad Isotopes Inc., an Orlando, Fla.-based provider of radiopharmaceuticals that are used for both diagnostic imaging procedures and disease treatment. No financial terms were disclosed. Triad Isotopes is a portfolio company of Parthenon Capital.
(Reuters) – U.S. private equity firm Blackstone Group LP (BX.N) has emerged as a leading participant to buy electronics retailer RadioShack Corp (RSH.N) after an initial round of bids were completed last week, the New York Post said, citing sources familiar with the matter. On March 26, the newspaper reported that RadioShack is exploring alternatives […]
(Reuters) – Private equity firm CVC Asia-Pacific is in talks with Kohlberg Kravis Roberts & Co [KKR.UL] about joining KKR’s $1.5 billion bid for Healthscope (HSP.AX), two sources familiar with the situation said “At this stage they are not together, but it is highly likely they will be,” a source, speaking on condition of anonymity […]
HELSINKI (Reuters) – France’s TDF said it planned to sell or close its loss-making Finnish mobile broadband network, one of the first of its kind in the world. Finland in 2005 awarded Digita, local unit of TDF, a licence for the network using Flash-OFDM technology in 450 MHz radio spectrum, enabling coverage across long distances […]
(Reuters) – Santander (SAN.MC) and National Australia Bank (NAB.AX) are through to the next round of bidding for 300 branches being sold by Royal Bank of Scotland (RBS.L), pulling ahead of rival suitor BBVA (BBVA.MC), a source familiar with the matter said. RBS has asked BBVA to come up with improvements to its original bid, […]
SYDNEY (Reuters) – A private-equity bidding war broke out for Healthscope (HSP.AX) on Monday as Australia’s second-largest hospital owner received two more takeover approaches, both valuing it at A$1.84 billion ($1.56 billion). Buyout firm Kohlberg Kravis Roberts & Co was one of the new bidders, according to two sources familiar with the situation. One of […]
NEW YORK (Reuters) – Centerbridge Partners, Paulson & Co and Blackstone Group LP (BX.N) beat out another investor group in an auction for Extended Stay, agreeing to pay $3.925 billion for the bankrupt hotel chain, according to sources familiar with the situation. The other group included Starwood Capital Group and TPG Capital, the sources said […]
(Reuters) – CKX Inc (CKXE.O), which owns the rights to the American Idol shows, said it received a takeover offer from an investor group led by Simon Fuller, creator of the televised pop contest. Shares of the company were up as much as 33 percent Friday on Nasdaq, before paring some of the gains to […]
GemCity Engineering and Manufacturing, a Dayton, Ohio-based contract manufacturer, has acquired Vistek Medical, an Ivyland, Penn.-based contract manufacturer of medical implant and specialized components. No financial terms were disclosed. GEM is a portfolio company of Riverside Partners.
Kinderhook Industries has completed its $30.38 million take-private acquisition of International Absorbents Inc. (NYSE: IAX), a maker of environmentally-friendly pet care and industrial products.