April 14 The following corporate finance-related
stories were reported by media:
* Morgan Stanley's private equity arm is in advanced
talks to sell Learning Care Group Inc, the second-largest
for-profit child care provider in North America, to buyout firm
American Securities LLC, people familiar with the matter said.
* Blackstone and Goldman Sachs' investment arm
are set to buy Ipreo from KKR in a private equity
secondary deal that values the data company at $975 million, the
Financial Times reported, citing people familiar with the
* Michael Foods Group Inc is in advanced talks
to sell itself for close to $2.5 billion, with Tyson Foods Inc
and Post Holdings Inc emerging as final
contenders to clinch a deal, people familiar with the matter
said on Friday.
* India's No.2 smartphone marker Micromax Informatics Ltd
has expressed interest in buying a stake in South Korean peer
Pantech Co Ltd as part of its drive to expand
overseas and go upmarket, two sources said on Monday.
* Swedish private equity fund EQT Partners has put Taiwanese
TV network GTV on the market for T$6 billion ($200 million),
becoming the latest foreign investor aiming to exit Taiwan, the
Economic Daily reported on Monday.
* Egyptian billionaire Naguib Sawiris is ready to invest $1
to $2 billion in Telecom Italia if its biggest
shareholder Telefonica pulled out from the Italian
phone group, according to newspaper Il Sole 24 Ore,.
* South African furniture and household goods maker
Steinhoff plans a stock market listing for its European
unit this year, German weekly magazine WirtschaftsWoche reported
on Saturday, citing financial sources.
* India's Jaiprakash Associates Ltd intends to
sell 100 billion rupees ($1.66 billion) worth of assets in
2014-15 to cut debt, the Mint newspaper reported, citing three
people close to the development. (link.reuters.com/jub58v)
* Billionaire Sunil Mittal's Bharti Group, which
runs India's largest mobile operator by revenue and subscribers,
is in advanced talks to form a cash-and-carry joint venture with
French retailer Carrefour, having broken off its
six-year strategic partnership with the world's largest retail
company, Walmart Stores Inc, in October 2013, the
Economic Times reported, citing two people familiar with
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($1 = 30.0145 Taiwan dollars)
($1 = 60.1200 Indian rupees)
(Compiled by Aastha Agnihotri in Bangalore)