Winnebago Gets $321.5M Buyout Offer
Winnebago Industries Inc., the largest U.S. motor homes maker, said it received an unsolicited buyout offer from North Street Capital valuing the company at $321.5 million. The company said it has not received sufficient information to deem the $11 per share offer as credible, and asked its shareholders not to take any action. (Reuters) –...
Analysis: Facebook Can’t Take Asia Growth For Granted
Pinterest just took on a big Asian investor, and Facebook hasn't picked up the market penetration there it might have hoped to receive. Now, it has to gain a full head of steam.
Reuters – Schustermann & Borenstein on the Block
The family owners of Schustermann & Borenstein have mandated Goldman Sachs to sell the German clothing exporter, Reuters reported Friday, a move analysts expect to attract strong interest. Schustermann & Borenstein specialises in exporting clothing to eastern Europe and other non-EU countries. The company could attract private equity buyers, which may use it as an...
Reuters – BIDZ.com to be Taken Private
Online jewelry retailer BIDZ.com Inc. said it will be taken private by Glendon Group Inc., in a deal valuing the company at about $14.3 million. Glendon will pay 78 cents per share, which represents a premium of about 60% to BIDZ’s Wednesday closing price. (Reuters) – Online jewelry retailer BIDZ.com Inc said it will be...
Reuters – Bids Expected in ING Asia Life Insurance Sale
Global insurers Manulife Financial Corp., Metlife and Prudential Financial Corp. are among suitors expected to place first-round bids on Friday to buy ING Groep’s Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, Reuters reported. (Reuters) – Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N)...
Reuters – Carlyle In Talks to Sell Ta Chong Bank Stake
Private equity firm Carlyle Group is in talks to sell its stake in Taiwan’s Ta Chong Bank to Yuanta Financial in a deal worth up to T$37 billion ($1.25 billion), Reuters wrote Friday. Carlyle is exiting its five-year investment in the small and slow-growing Taiwanese bank in a share swap deal that will also give...
Reuters – KPCB Raises $525M Fund
Kleiner Perkins Caufield & Byers said it had raised a $525 million fund, less than its previous comparable fund of $650 million, reflecting a school of thought in Silicon Valley that smaller venture-capital funds often outperform large ones. The fund also has a majority of partners who focus on technology rather than green investments and...
Investors Brace for Facebook’s Wall St. Debut
Today, Facebook will make its debut on public markets--trading at more than 100x historical earnings.
Facebook Prices IPO at $38, Valuing Company at More than Dell and HP Combined
(Reuters) - Facebook Inc. priced its initial public offering at $38 a share, giving the world's No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history.
Ad Pros Say Jury’s Still out on Facebook
GM could be an outlier--advertising pros say--but they're not quite sold on Facebook's clout, either.
