Activist investor Red Mountain pushes Deckers' board to explore sale
March 27 Investment management firm Red Mountain Capital Partners LLC is pushing apparel and accessories maker Deckers Outdoor Corp's board to explore a sale of the company.
SINGAPORE Dec 14 Mapletree Investments Pte Ltd, a firm owned by state investor Temasek, has hired major investment banks to manage an initial public offering next year of a real estate investment trust that would have only Chinese assets and raise $1 billion, IFR reported.
Mapletree hired Citigroup, DBS, Goldman Sachs and HSBC to advise on the deal that will come to the market in the first half of next year, IFR, a Thomson Reuters publication reported.
The REIT will contain office and retail properties in China and will be listed on the Singapore Exchange.
Mapletree owns and manages S$20 billion ($16.3 billion) of office, logistics, industrial, residential, retail and mixed-use properties across Asia as of March 2012 including VivoCity which is Singapore's biggest shopping mall, the investor says on its website.
March 27 Olive Garden owner Darden Restaurants Inc said on Monday it would buy Cheddar's Scratch Kitchen for $780 million in an all-cash transaction.