FRANKFURT (Reuters) – German property company GSW (GIBG.DE) has called off plans to float its shares on the stock market amid concern about the turmoil on equity markets triggered by Greece’s debt crisis. “Since announcing its intention to float there has been significantly increased volatility and uncertainty in global equity markets,” the company said in […]
HONG KONG/SYDNEY (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ.AX) has hired Goldman Sachs JBWere and JP Morgan (JPM.N) to advise on its bid for a majority stake in Korea Exchange Bank (004940.KS), sources said on Wednesday, in what is expected to be a more than $4 billion deal. Sources told Reuters last […]
NEW YORK (Reuters) – Snow plow and salt- and sand-spreader maker Douglas Dynamics Inc (PLOW.N) cut the expected price range in its initial public offering and delayed its pricing, according to an underwriter on Tuesday. The price range was cut to $11.25 to $11.75 from $14 to $16 and the IPO pricing was delayed to […]
Heather Wingate has joined Nomura Holding America to lead the company's government affairs efforts in the U.S. She also will open a Washington, D.C. office. Wingate previously was head of federal governmental affairs for Citigroup.
(Reuters) – Avis Budget fired its first salvo in what could turn out to be a protracted takeout saga for Dollar Thrifty, as the dwindling number of players in the car rental market is likely to draw scrutiny from antitrust regulators. Avis Budget (CAR.N) surprised investors on Monday when it said it was willing to […]
NEW YORK (Reuters) – Dutch company NXP Semiconductors NV, whose parent is preparing a possible $1.15 billion U.S. initial public offering, said on Tuesday its quarterly loss fell by more than half as sales improved. NXP said its first-quarter net comprehensive loss fell 52 percent to $289 million from $598 million a year earlier. Sales […]
Arlington Capital Partners has secured $217 million for its third fund, according to a regulatory filing. This is just $13 million more than the firm reported in a August 2009 filing. The listed maximum offering amount remains at $750 million, with Credit Suisse serving as placement agent.
Ford Tamer is stepping down as an operating partner with Khosla Ventures, in order to become CEO of an undisclosed startup, according to VentureWire. www.khoslaventures.com
John Fadely has joined the Hong Kong office of law firm Weil, Gotshal & Manges, as a partner in its global funds group. He previously was a partner with Clifford Chance.
Anaqua, a provider of IP asset management software, has merged with SGA², a provider of IP maintenance services. No financial terms were disclosed. Anaqua is a portfolio company of Beacon Equity Partners.