Liana's Feed
Oct 1, 2015

Elliott seen giving EMC most of October to answer demands-sources

NEW YORK, Oct 1 (Reuters) – Elliott Management, the activist
fund pushing EMC Corp to break up, plans to give the
data storage company most of October to respond to its demands
after a standstill agreement expired, according to people
familiar with the matter.

Even though EMC has made clear it will not entertain a major
split, Elliott hopes the additional time will give the company
more room to craft a response that could avoid a bruising
activist campaign, the people said this week.

Sep 29, 2015

IHS beats profits estimates, drops Solera bid

Sept 29 (Reuters) – Business research provider IHS Inc
reported better-than-expected quarterly revenue and
profit on Tuesday, and said it was not currently pursuing an
acquisition of Solera Holdings Inc, sending its shares
up more than 6 percent.

The Englewood, Colorado information services firm said it
expected full-year profit to come in at the higher end of its
earnings forecast.

Sep 28, 2015

Warburg Pincus leads investment in college big data firm Civitas

Sept 28 (Reuters) – Private equity firm Warburg Pincus LLC
said on Monday it has agreed to lead a $60 million
investment round in Civitas Learning, an Austin, Texas-based
startup that uses data analytics to help universities improve
graduation rates.

Education software and services companies have drawn record
levels of investment this year, as many institutions are seeking
to upgrade their learning tools to become more competitive in
attracting and educating students.

Sep 27, 2015

Exclusive: Cypress to challenge Dialog with bid for Atmel – sources

By Greg Roumeliotis and Liana B. Baker

(Reuters) – Cypress Semiconductor Corp (CY.O: Quote, Profile, Research, Stock Buzz) is working on an offer to acquire Atmel Corp (ATML.O: Quote, Profile, Research, Stock Buzz), the U.S. chipmaker that agreed to sell itself earlier this month to Dialog Semiconductor Plc (DLGS.DE: Quote, Profile, Research, Stock Buzz), according to people familiar with the matter.

Cypress’ attempt to disrupt Atmel’s deal with Dialog underscores the frenzy of mergers and acquisitions sweeping the semiconductor industry, as it responds to demand for cheaper chips and clients looking to reduce their number of suppliers.

Sep 25, 2015

IHS to make bid for Solera, rivaling Vista Equity: sources

By Liana B. Baker

(Reuters) – IHS Inc (IHS.N: Quote, Profile, Research, Stock Buzz) is preparing to submit an offer next week for Solera Holdings Inc (SLH.N: Quote, Profile, Research, Stock Buzz), the software maker that agreed this month to sell itself to Vista Equity Partners LLC for $6.5 billion, including debt, people familiar with the matter said.

IHS, an information services firm, is looking to reduce its exposure to the energy sector after several of its clients slashed spending amid plummeting oil prices. It sees synergies between Solera, whose software is used for the processing of car insurance claims, and R. L. Polk & Co, an automotive data company that it acquired in 2013, according to the sources.

Sep 22, 2015

Exclusive: Cision prepares bid for UBM’s PR Newswire – sources

By Liana B. Baker and Greg Roumeliotis

(Reuters) – Cision, a provider of public relations software and intelligence, is working on a bid to acquire press release distributor PR Newswire Association LLC, according to people familiar with the matter.

Cision, owned by private equity firm GTCR LLC, is participating in an auction run by British communications and events company UBM Plc (UBM.L: Quote, Profile, Research, Stock Buzz), which owns PR Newswire, the people said this week. Cision faces competition for PR Newswire and there is no certainty it will prevail, the people added.

Sep 22, 2015

Cision prepares bid for UBM’s PR Newswire -sources

Sept 22 (Reuters) – Cision, a provider of public relations
software and intelligence, is working on a bid to acquire press
release distributor PR Newswire Association LLC, according to
people familiar with the matter.

Cision, owned by private equity firm GTCR LLC, is
participating in an auction run by British communications and
events company UBM Plc, which owns PR Newswire, the
people said this week. Cision faces competition for PR Newswire
and there is no certainty it will prevail, the people added.

Sep 22, 2015

Exclusive: Citrix in last-ditch attempt to sell itself – sources

By Liana B. Baker and Greg Roumeliotis

(Reuters) – Citrix Systems Inc (CTXS.O: Quote, Profile, Research, Stock Buzz), the U.S. cloud computing company targeted by activist hedge fund Elliott Management, is making a final attempt to sell itself as a whole before it embarks on asset sales, according to people familiar with the matter.

Citrix, which had attracted the interest of private equity investors before it agreed in July to give Elliott a seat on its board of directors, is having new conversations with buyout firms, the people said this week.

Sep 22, 2015

Blackstone talks to buy NCR in peril: sources

By Greg Roumeliotis and Liana B. Baker

(Reuters) – Private equity firm Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz) has so far not been able to reach a deal to acquire NCR Corp (NCR.N: Quote, Profile, Research, Stock Buzz) or find a partner to help fund a bid worth up to $10 billion, including debt, people familiar with the matter said on Tuesday.

Blackstone had been taking a fresh look at the Duluth, Georgia-based manufacturer of cash registers and automated teller machines but negotiations have stalled in recent days, the sources said.

Sep 20, 2015

Dialog Semiconductor to buy U.S. peer Atmel for $4.6 billion

FRANKFURT/NEW YORK (Reuters) – Chipmaker Dialog Semiconductor (DLGS.DE: Quote, Profile, Research, Stock Buzz) said it had agreed on Sunday to buy U.S. peer Atmel (ATML.O: Quote, Profile, Research, Stock Buzz) for about $4.6 billion, as the Anglo-German company seeks to expand its industrial product portfolio.

Dialog, which is heavily exposed to Apple (AAPL.O: Quote, Profile, Research, Stock Buzz) and Samsung (005930.KS: Quote, Profile, Research, Stock Buzz), said the deal would diversify its client base in automotive markets as well as network-connected chips used in industrial gear, also known as the “Internet of Things”.