April 12 The following corporate finance-related
stories were reported by media on Friday:
* German investor Joh A Benckiser is close to making a
formal bid for D.E Master Blenders 1753, owner of
Douwe Egberts coffee, a source close to the situation said, in a
deal valuing the Dutch firm at about 7.6 billion euros ($10
* Business technology maker BMC Software Inc is
expected to receive final takeover bids on April 22, with
potential buyers pared down to two private equity groups, four
people close to the matter said.
* U.S. investment firm Royalty Pharma is
considering sweetening its $6.6 billion offer for Irish
drugmaker Elan by paying Elan shareholders more if the
multiple sclerosis drug Tysabri hits certain sales milestones,
two people familiar with the matter said.
* Buyout firm Apax Partners and Morgan Stanley's
private equity arm are exploring a sale of Chicago-based
insurance brokerage Hub International that could be valued at
around $2 billion, two people familiar with the matter said.
* J.C. Penney Co Inc has hired the financial
advisory arm of Blackstone Group LP as it explores ways
to bolster its balance sheet, a source familiar with the matter
told Reuters. The ailing retailer is seeking to raise about $1
billion, according to the Wall Street Journal.
* Privately-held Allied Blenders & Distillers, India's third
largest distiller, and rival Tilaknagar Industries,
are discussing a merger deal and have talked about a stock swap
cum cash deal to create a combined entity valued at $1 billion,
the Times of India reported. ()
* Goldman Sachs has explored a sale of its metals
warehousing business Metro International LLC, three sources with
knowledge of the matter told Reuters, just three years after the
investment bank bought the firm for $550 million.
* Dutch brewer Heineken and adviser JP Morgan have
launched a sale of Finnish unit Hartwall, sending information to
potential buyers and asking for indicative bids in late April,
three sources said.
* Lippo Group, a leading Indonesian conglomerate, aims to
raise at least $300 million in the second quarter from IPOs of
its healthcare, banking and information technology units, four
people with direct knowledge of the matter told Reuters.