Nadia's Feed
Jun 2, 2015

Hedge funds propose Macy’s unlocks real estate value-sources

NEW YORK, June 2 (Reuters) – Several hedge funds have asked
U.S. department store company Macy’s Inc to consider
options for its real estate, including selling some major sites
and then leasing them back, according to several sources close
to the matter.

The push is in line with real estate decisions by some other
major retailers that have been beneficial to their stock prices.

Jun 2, 2015

Exclusive: Hedge funds to Macy’s: Sell your real estate

NEW YORK (Reuters) – Several hedge funds have asked U.S. department store company Macy’s Inc (M.N: Quote, Profile, Research, Stock Buzz) to consider options for its real estate, including selling some major sites and then leasing them back, according to several sources close to the matter.

The push is in line with real estate decisions by some other major retailers that have been beneficial to their stock prices.

May 14, 2015

Exclusive: Avago shows interest in Xilinx, Renesas, Maxim – sources

By Nadia Damouni and Liana B. Baker

(Reuters) – Avago Technologies Ltd, looking to acquire a fellow chipmaker, has reached out to potential targets including Xilinx Inc, Renesas Electronics Corp and Maxim Integrated Products Inc, according to people familiar with the matter.

Avago is working with investment banks and could spend more than $10 billion on a potential takeover, the people said.

May 14, 2015

Avago shows interest in Xilinx, Renesas, Maxim-sources

May 14 (Reuters) – Avago Technologies Ltd, looking
to acquire a fellow chipmaker, has reached out to potential
targets including Xilinx Inc, Renesas Electronics Corp
and Maxim Integrated Products Inc, according
to people familiar with the matter.

Avago is working with investment banks and could spend more
than $10 billion on a potential takeover, the people said.

May 14, 2015

Exclusive: Computer Sciences set to break up, sources say; shares jump

By Mike Stone and Nadia Damouni

(Reuters) – Technology consulting services provider Computer Sciences Corp (CSC.N: Quote, Profile, Research, Stock Buzz) is planning to separate its government business from its commercial information technology division, people familiar with the matter said on Thursday.

An announcement on CSC’s plans could come as early as next week, when the company announces its fiscal 2015 earnings on May 19, the people said. It follows several attempts by CSC, which has a market capitalization of more than $9 billion, to sell itself over several years.

May 14, 2015

Computer Sciences set to break up, sources say; shares jump

May 14 (Reuters) – Technology consulting services provider
Computer Sciences Corp is planning to separate its
government business from its commercial information technology
division, people familiar with the matter said on Thursday.

An announcement on CSC’s plans could come as early as next
week, when the company announces its fiscal 2015 earnings on May
19, the people said. It follows several attempts by CSC, which
has a market capitalization of more than $9 billion, to sell
itself over several years.

May 8, 2015

Microsoft has no plans to pursue Salesforce – sources

By Nadia Damouni

(Reuters) – Microsoft Corp currently is not weighing an offer for Salesforce.com Inc, two people familiar with the matter said on Thursday, dampening speculation that Microsoft could be drawn into bidding for the cloud software company.

Bloomberg News, citing people with knowledge of the matter, reported earlier this week that Microsoft was evaluating a bid for Salesforce after the latter was approached by another unnamed would-be buyer.

May 8, 2015

Exclusive: Microsoft has no plans to pursue Salesforce – sources

By Nadia Damouni

(Reuters) – Microsoft Corp currently is not weighing an offer for Salesforce.com Inc, two people familiar with the matter said on Thursday, dampening speculation that Microsoft could be drawn into bidding for the cloud software company.

Bloomberg News, citing people with knowledge of the matter, reported earlier this week that Microsoft was evaluating a bid for Salesforce after the latter was approached by another unnamed would-be buyer.

Apr 30, 2015

Exclusive: Intel’s standstill with Altera expires in June: sources

By Nadia Damouni

(Reuters) – Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) signed a standstill agreement earlier this year with Altera Corp (ALTR.O: Quote, Profile, Research, Stock Buzz) that expires on June 1, giving the world’s largest chipmaker the option to launch a hostile bid after that, according to sources familiar with the matter.

The agreement, disclosed to Reuters by the sources this week, explains why Intel has refrained from launching a tender offer for Altera’s shares once their negotiations broke down. It also underscores the risk Altera faces of such a hostile bid.

Apr 30, 2015

Intel’s standstill with Altera expires in June-sources

April 30 (Reuters) – Intel Corp signed a standstill
agreement earlier this year with Altera Corp that
expires on June 1, giving the world’s largest chipmaker the
option to launch a hostile bid after that, according to sources
familiar with the matter.

The agreement, disclosed to Reuters by the sources this
week, explains why Intel has refrained from launching a tender
offer for Altera’s shares once their negotiations broke down. It
also underscores the risk Altera faces of such a hostile bid.