Private Capital
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UPDATE 1-Chinese firm makes $850 mln bid for Australia's Discovery Metals
* To go directly to shareholders; needs minimum 51 pct acceptance
Chinese firm makes $850 mln bid for Australia's Discovery Metals
SYDNEY, Oct 23 - Chinese private equity firm Cathay Fortune Corp has made a hostile A$824 million ($850.49 million) takeover bid for Australia's Discovery Metals Ltd after the copper explorer's board rebuffed a similar offer earlier this month.
Leonard Green, Ares snap up CHG Healthcare
NEW YORK, Oct 22 - Private equity firms Leonard Green & Partners LP and Ares Management LLC have agreed to acquire control of hospital staffing company CHG Healthcare Services Inc from J.W. Childs Associates LP, a deal people familiar with the matter previously told Reuters could top $1 billion.
UPDATE 1-Solyndra bankruptcy plan approved over U.S. objections
WILMINGTON, Del., Oct 22 - Solyndra, the solar panel maker that failed despite a $528 million federal loan, on Monday won court approval for its plan to repay creditors and end its politically charged bankruptcy, after a judge overruled objections by the U.S. government.
Private equity-owned company ups the ante in dispute with U.S.
NEW YORK, Oct 22 - American Petroleum Tankers LLC (APT), the shipping company that has alleged U.S. government discrimination because of its private equity ownership, said it would order two new tankers should its $340 million loan guarantee application be approved.
UPDATE 1-Investor Steyer leaving Farallon for politics, charity
BOSTON, Oct 22 - Tom Steyer, the billionaire founder of hedge fund Farallon Capital, is leaving the firm at the end of the year, as the money manager and philanthropist who has become more involved in Democratic politics said it is time for him to "give back."
UPDATE 3-Rain makes India's biggest-ever buy of a German-owned firm
FRANKFURT/LONDON, Oct 22 - Indian industrial group Rain Commodities Ltd agreed to buy speciality chemicals group Ruetgers in a 702 million euro ($918 million) deal that would set a new record for an Indian takeover of a German-owned business.
UPDATE 2-Greece's Aegean Airlines to buy rival Olympic Air
* Deal to result in synergies and reduced costs (Updates with Aegean confirming deal, rationale)
UPDATE 1-Areva in talks to sell Canberra unit to Astorg
* Areva shares fall 0.6 pct (Rewrites with confirmation from company)
Solyndra bankruptcy plan approved over U.S. gov't objections
WILMINGTON, Del, Oct 22 - Solyndra, the failed solar panel maker, received court approval on Monday for its plan to repay creditors after a bankruptcy judge overruled objections by the U.S. government.
- Technology: DEALTALK-Rocky industry complicates Telecom Italia Media sale
- Healthcare: Asia Private Equity Weekly News, Oct 22, 2012
- Consumer: UPDATE 2-Duty Free Shopping founder sells Squadron to FLAG Capital-sources
- Energy: EU mergers and takeovers (Oct 17)
- Industrials: UPDATE 1-Bertelsmann eyes Springer Science bid - paper
- M&As;: FNB Corp to buy Annapolis Bancorp for $49 mln in stock
- Bankruptcy: US regulator intervenes in Conoco battle with MF Global trustee
- IPOs: DryShips open to selling drilling unit Ocean Rig - COO
- Hedge Funds: Schroders macro hedge fund bets against Bunds
- Regulatory News: Lawsuit over Fannie Mae retirement plan losses can proceed
- Obama and Romney meet for final debate as race tightens
- Obama, Romney now tied in presidential race: Reuters/Ipsos poll |
- Obama faces tough call on Iran oil sanctions
- Yahoo's new CEO Mayer takes on the mobile challenge
- Rosneft beefs up with TNK-BP purchase |
- AIG in multistate settlement over life policies
- UCI backs Armstrong ban |
- Russia condemns United States for human rights record
- Gunmen, soldiers fight in Lebanon in spillover from Syria |
- Syria rebels pessimistic on mediator's ceasefire plan |