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Aug 19, 2013

KKR, Warburg Pincus vying for Mitchell International: sources

NEW YORK (Reuters) – KKR & Co LP (KKR.N: Quote, Profile, Research, Stock Buzz) and Warburg Pincus LLC are among the private equity firms competing for Mitchell International Inc, a car and property claims software company that could fetch up to $1.5 billion, according to four people familiar with the matter.

Advent International Corp and Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz) are also participating in the auction for Mitchell, which is in the second round of bidding, the sources said on condition of anonymity because the process is confidential.

Aug 15, 2013

Credit Suisse moving tech banking head Wah to Silicon Valley

NEW YORK (Reuters) – Credit Suisse Group AG (CSGN.VX: Quote, Profile, Research) is moving the global co-head of its technology, media and telecom group to San Francisco from New York, bolstering its Silicon Valley investment banking presence in anticipation of more deals in the sector, two sources familiar with the move said on Thursday.

David Wah, who is advising private equity firm Silver Lake Partners on the proposed $25 billion deal to take Dell Inc (DELL.O: Quote, Profile, Research) private, will remain co-head of the group alongside New York-based Mark Simonian, one of the sources said.

Aug 9, 2013

Exclusive: BlackBerry open to going private, sources say

By Nadia Damouni, Euan Rocha and Greg Roumeliotis

(Reuters) – BlackBerry Ltd is warming up to the possibility of going private, as the smartphone maker battles to revive its fortunes, several sources familiar with the situation said.

Chief Executive Thorsten Heins and the company’s board is increasingly coming around to the idea that taking BlackBerry private would give them breathing room to fix its problems out of the public eye, the sources said.

Aug 9, 2013

BlackBerry open to going private, sources say

Aug 9 (Reuters) – BlackBerry Ltd is warming
up to the possibility of going private, as the smartphone maker
battles to revive its fortunes, several sources familiar with
the situation said.

Chief Executive Thorsten Heins and the company’s board is
increasingly coming around to the idea that taking BlackBerry
private would give them breathing room to fix its problems out
of the public eye, the sources said.

Aug 8, 2013

Exclusive: T.Rowe slashes stake in Dell to 2.8 percent from 4 percent – sources

NEW YORK (Reuters) – T. Rowe Price Associates, one of the most influential opponents of Michael Dell’s offer to buy out Dell Inc for about $25 billion, reduced its ownership in the struggling PC maker to a 2.8 percent stake from the 4 percent it held as of March 31, two sources familiar with the situation told Reuters.

The Baltimore-based asset management firm, which had been the fourth-largest shareholder of Dell, reduced its holdings to 49 million shares from 71.87 million Dell shares at the end of the first quarter, the people said.

Aug 8, 2013

T.Rowe slashes stake in Dell to 2.8 pct from 4 pct -sources

NEW YORK, Aug 8 (Reuters) – T. Rowe Price Associates, one of
the most influential opponents of Michael Dell’s offer to buy
out Dell Inc for about $25 billion, reduced its
ownership in the struggling PC maker to a 2.8 percent stake from
the 4 percent it held as of March 31, two sources familiar with
the situation told Reuters.

The Baltimore-based asset management firm, which had been
the fourth-largest shareholder of Dell, reduced its holdings to
49 million shares from 71.87 million Dell shares at the end of
the first quarter, the people said.

Aug 8, 2013

EXCLUSIVE: T.Rowe reduces stake in Dell to 2.8 pct from 4 pct -sources

NEW YORK, Aug 8 (Reuters) – T. Rowe Price Associates has
reduced its ownership in PC maker Dell Inc DELL. to 2.8
percent stake from the 4 percent stake it previously held on
March 31, two sources familiar with the situation said Thursday.

The Baltimore-based asset management firm reduced its
holdings from 71.87 million Dell shares at the end of the first
quarter to 49 million shares, the people said.

Aug 2, 2013

Exclusive: Compuware takes another shot at sale – sources

NEW YORK (Reuters) – Management software company Compuware Corp has renewed efforts to sell itself, courting not just the buyers of rival BMC Software Inc but also CA Technologies Inc and other buyout firms, several people familiar with the matter said.

Compuware rejected a $2.3 billion offer from New York-based hedge fund Elliott Management Corp in January and asked Goldman Sachs Group Inc and Allen & Company to seek a better offer. Seven months later, no higher bid has emerged.

Aug 2, 2013

Compuware takes another shot at sale -sources

NEW YORK, Aug 2 (Reuters) – Management software company
Compuware Corp CPW.O has renewed efforts to sell itself,
courting not just the buyers of rival BMC Software Inc (BMC.O: Quote, Profile, Research)
but also CA Technologies Inc (CA.O: Quote, Profile, Research) and other buyout firms,
several people familiar with the matter said.

Compuware rejected a $2.3 billion offer from New York-based
hedge fund Elliott Management Corp in January and asked Goldman
Sachs Group Inc (GS.N: Quote, Profile, Research) and Allen & Company to seek a better
offer. Seven months later, no higher bid has emerged.
[ID:nL1N0BL8EN]

Aug 1, 2013

Some Dell swing shareholders ready to compromise – sources

NEW YORK, July 31 (Reuters) – Some of Dell Inc’s
largest investors who have abstained from voting on a $24.4
billion bid led by founder Michael Dell to take the No. 3
PC-maker private told the company’s board this week that they
would back the deal at the buyout group’s latest offer price,
three sources close to the matter said.

The change of heart comes even as the special committee of
Dell’s board on Wednesday rejected new voting terms in a revised
bid by Michael Dell and private equity partner Silver Lake,
which raised their offer price last week by a dime to $13.75 per
share on the condition the voting rules were changed. Currently,
shareholders who abstain are counted as voting against the deal,
but the buyout group wanted those investors to be excluded from
the tally.