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COPENHAGEN (Reuters) – Danish food ingredients producer Chr. Hansen aims to raise around 450 million euros ($605 million) through an initial public offering, marking a thaw in a Danish IPO market that has been frozen for years. Chief Executive Lars Frederiksen said in a statement the listing would provide Chr. Hansen with “the right platform […]
Prommis Solutions, an Atlanta-based provider of outsourced foreclosure and bankruptcy processing services to U.S. law firms, has filed for a $150 million IPO. Credit Suisse and Deutsche Bank Securities are serving as co-lead underwriters. The company reports nearly $255 million in 2009 revenue, compared to $192 million in 2008 and $128 million in 2007. Its […]
PHILADELPHIA (Reuters) – CKE Restaurants Inc (CKR.N) said it accepted a $694 million takeover offer from affiliates of Apollo Management and terminated a lower-price pact with Thomas H. Lee Partners. In a statement released on Saturday, CKE said it accepted the $12.55 per share offer from the Apollo affiliates. THL Partners, the original suitor, had […]
NEW YORK (Reuters) – McGraw-Hill Cos Inc (MHP.N), a textbook publisher and owner of the Standard & Poor’s ratings service, is dropping out of the auction for Interactive Data Corp (IDC.N), sources briefed on the matter said. Interactive Data, which sells financial information and analytical tools to banks and financial institutions, has been through one […]
AMSTERDAM (Reuters) – More capital has been raised from investors by unlisted infrastructure funds reaching final close so far in 2010 than was raised throughout the whole of 2009, according to data by market research firm Preqin. Nine infrastructure funds have reached final close in 2010 to date raising $11.7 billion, surpassing the 7 billion […]
Roadrunner Transportation Services Inc., a Cudahy, Wis.-based provider of non-asset based transportation and logistics services, has set its IPO terms to 10.6 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $472 million, were it to price at the high end of its range. […]
Mitel Networks Corp., an Ottawa-based provider of telecom services to small and mid-sized businesses, raised $147.4 million via its IPO. The company sold around $10.5 million shares at $14 per share, compared to a planned range of between $18 and $20 per share. It closed its first day of trading on the Nasdaq down at […]
JWI Capital has acquired the WH Smith Hardware Co., a Parkersburg, West Virginia-based fabricator and assembler of handling equipment and load securing and material handling hardware. No financial terms were disclosed.
HONG KONG (Reuters) – Lenovo (0992.HK), the world’s No.4 PC brand, has emerged as the leading candidate to buy struggling smartphone maker Palm (PALM.O), after the U.S. firm was rebuffed by other potential Asian buyers, sources said. Shares of Hong Kong-listed Lenovo rose as much as 5.9 percent percent to a 23-month high on Friday, […]
Francisco Partners has invested an undisclosed amount in T-System Inc., a Dallas-based provider of clinical documentation solutions for hospital emergency departments.
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