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Webster Financial Corp. (NYSE: WBS) has completed its sale of $115 million worth of newly-issued common stock to Warburg Pincus.
ACON Investments has acquired Fairway Outdoor from Morris Communications Co., for an undisclosed amount. ACON will merge Fairway with Magic Media, an existing portfolio company that also focuses on the outdoor advertising space.
Mary-Laura Greely has joined McDermott Will & Emery LLP as a Boston-based partner in the firm's corporate department. She previously was head of the private company practice at Mintz, Levin, Cohn, Ferris, Glovsky and Popeo.
LONDON (Reuters) - A consortium led by Spain's Cosmen family has decided against making a takeover offer for National Express (NEX.L) after spending a month poring over the British bus and train operator's books. National Express said on Friday , however, that the Cosmen family had decided to support a proposed equity fundraising. Last month, Cosmen and private equity partner CVC Capital Partners approached National Express with a proposed 765 million pounds ($1.24 billion) offer worth 500 pence per share, an improvement on a previous 450 pence approach.
CHICAGO (Reuters) – The groups interested in buying the Texas Rangers will meet with the Major League Baseball team’s management next week as they prepare bids, according to three sources familiar with the process. The goal is to have a winner identified by late November and a sale completed by year end, said the sources, […]
LONDON (Reuters) – Around a third of Novera’s (NOEN.L) shareholders support the board in its stand against an attempted takeover bid, the renewable energy company said on Thursday. Terra Firma-backed peer and shareholder Infinis Energy made a 62.5 pence share offer for Novera last week, valuing the company at 90.5 million pounds ($147 million), but […]
LONDON (Reuters) – Hedge funds and private equity could face more than 3 billion euros in costs and investors could see fund choice shrink by up to 40 percent due to proposed new EU rules, a Financial Services Authority (FSA) report said. The analysis of the impact of the Alternative Investment Fund Managers (AIFM) directive […]
Advent International has completed its second tender offer for the outstanding shares of women's clothing retailer Charlotte Russe Holding Inc. (Nasdaq: CHIC). The $17.50 per share purchases represent a total buyout value of approximately $380 million.
Symphony Technology Group has completed its $390 million take-private buyout of MSC.Software Corp., a provider of simulation software and services. Elliott Management Corp. also participated on the buyside. MSC stockholders received $8.40 per share.
One Equity Partners has agreed to acquire around a 66% stake in Austria-based Constantia Packaging BV from the Herbert-Turnauer Foundation.
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