Nadia's Feed
Dec 17, 2014

American Apparel names new CEO, officially ousts founder

By Jeffrey Dastin and Nadia Damouni

(Reuters) – American Apparel Inc has fired its Chief Executive Officer Dov Charney six months after suspending him, ending a tenure racked with sexual assault allegations and scandal.

The retailer, known for its provocative clothing ads, also announced Tuesday that Paula Schneider will take over as chief executive on Jan. 5. Schneider currently serves as president of ESP Group Ltd, which owns brands such as English Laundry.

Dec 9, 2014

Exclusive: Valeant to drop deal-making in near term to cut debt, boost stock

NEW YORK/WINNIPEG (Reuters) – Valeant Pharmaceuticals International Inc (VRX.TO: Quote, Profile, Research, Stock Buzz) is abandoning its growth-by-acquisitions strategy for the time being to try to reduce debt, boost its stock price and one day return to its traditional deal-making in a stronger position, people familiar with the matter told Reuters.

After spending $19 billion on 40 acquisitions since 2008, the Canadian drugmaker is regrouping after failing last month to acquire Botox-maker Allergan Inc (AGN.N: Quote, Profile, Research, Stock Buzz), they said.

Dec 9, 2014

Valeant to drop deal-making in near term to cut debt, boost stock

NEW YORK/WINNIPEG, Dec 9 (Reuters) – Valeant Pharmaceuticals
International Inc is abandoning its
growth-by-acquisitions strategy for the time being to try to
reduce debt, boost its stock price and one day return to its
traditional deal-making in a stronger position, people familiar
with the matter told Reuters.

After spending $19 billion on 40 acquisitions since 2008,
the Canadian drugmaker is regrouping after failing last month to
acquire Botox-maker Allergan Inc, they said.

Nov 26, 2014

Exclusive: Apollo Global in the lead to acquire Presidio: sources

By Greg Roumeliotis and Nadia Damouni

(Reuters) – Apollo Global Management LLC (APO.N: Quote, Profile, Research, Stock Buzz) is in advanced talks to acquire Presidio Inc in a deal that could value the information technology consulting company at close to $1.3 billion, including debt, according to people familiar with the matter.

Apollo, a New York-based private equity firm, has outbid other buyout firms, as well as Sirius Computer Solutions Inc, a portfolio company of Thoma Bravo LLC, in the auction for Presidio, the sources said this week.

Nov 20, 2014

Jana Partners lines up five executives to serve on PetSmart board: filing

By Nadia Damouni and Olivia Oran

(Reuters) – Jana Partners LLC has lined up five executives who are willing to serve as directors on PetSmart Inc’s board if the activist hedge fund is not satisfied with the outcome of the pet food retailer’s strategic review, the fund said in a filing on Thursday.

Jana, which has a 9.8 percent stake in PetSmart, may nominate former Caremark executive Edwin “Mac” Crawford; former RadioShack Corp Chief Executive Officer Julian Day; former Harris Teeter CEO Thomas Dickson; One Kings Lane co-founder Susan Feldman; and former Wal-Mart Stores Inc executive Lawrence Jackson. Jana could also nominate a representative from its own fund, people familiar with the matter said.

Nov 14, 2014

Baker Hughes says in preliminary merger talks with rival Halliburton

HOUSTON/NEW YORK (Reuters) – Oilfield services provider Baker Hughes Inc said on Thursday it is in preliminary merger talks with its larger rival Halliburton Co, though any potential deal would likely face antitrust concerns.

Two people familiar with the matter, who spoke on condition of anonymity, said Halliburton was looking to buy Baker Hughes, in what would be the second-largest energy deal of this year.

Nov 14, 2014

Baker Hughes says in talks with rival Halliburton

By Nadia Damouni

(Reuters) – Oilfield services provider Halliburton Co (HAL.N: Quote, Profile, Research) and rival Baker Hughes Inc (BHI.N: Quote, Profile, Research) are in preliminary talks on a potential merger, Baker Hughes said in a statement on Thursday.

The statement said the discussions “may or may not lead to any transaction” but two people familiar with the matter said

Nov 13, 2014

Halliburton in talks to buy Baker Hughes -source

Nov 13 (Reuters) – Oilfield services provider Halliburton Co
is in talks to buy rival Baker Hughes Inc, a
person familiar with the matter said on Thursday, but any
potential deal could run into antitrust concerns.

Officials at Baker Hughes and Halliburton, both based in
Houston, declined to comment on the talks, which were first
reported by Dow Jones and in The Wall Street Journal. The person
familiar with the matter spoke to Reuters on condition of
anonymity.

Nov 12, 2014

Exclusive: Some unhappy Yahoo investors asking AOL for rescue

NEW YORK (Reuters) – At least two top-10 Yahoo Inc shareholders are so unhappy with Chief Executive Marissa Mayer’s turnaround efforts that they are making a direct plea to AOL Inc CEO Tim Armstrong to explore a merger and run the combined company.

Their move follows an activist campaign by hedge fund Starboard Value LP, which is pushing Yahoo to consider a deal with AOL and unlock Yahoo’s valuable stakes in Asian Web companies.

Nov 12, 2014

EXCLUSIVE: Some unhappy Yahoo investors asking AOL for rescue

NEW YORK (Reuters) – At least two top-10 Yahoo Inc shareholders are so unhappy with Chief Executive Marissa Mayer’s turnaround efforts that they are making a direct plea to AOL Inc CEO Tim Armstrong to explore a merger and run the combined company.

Their move follows an activist campaign by hedge fund Starboard Value LP, which is pushing Yahoo to consider a deal with AOL and unlock Yahoo’s valuable stakes in Asian Web companies.