Nadia's Feed
Nov 21, 2012

In HP-Autonomy debacle, many advisers but little good advice

Nov 20 (Reuters) – When Hewlett Packard acquired
Autonomy last year for $11.1 billion, some 15 different
financial, legal and accounting firms were involved in the
transaction — and none raised a flag about what HP said Tuesday
was a major accounting fraud.

HP stunned Wall Street with the allegations about its
British software unit and took an $8.8 billion writedown, the
latest in a string of reversals for the storied company.

Nov 15, 2012

Exclusive: Dun & Bradstreet won’t sell itself now – sources

NEW YORK (Reuters) – Dun & Bradstreet Corp, the owner of company database Hoover’s, is not pursuing a sale for now, after talks to sell itself to a rival failed over price earlier this year, four people familiar with the matter said this week.

Shares of Dun & Bradstreet fell more than 11 percent to $71.37 on the New York Stock Exchange on Thursday, valuing the company at around $3.2 billion.

Nov 15, 2012

Dun & Bradstreet won’t sell itself now-sources

NEW YORK, Nov 15 (Reuters) – Dun & Bradstreet Corp,
the owner of company database Hoover’s, is not pursuing a sale
for now, after talks to sell itself to a rival failed over price
earlier this year, four people familiar with the matter said
this week.

Shares of Dun & Bradstreet fell more than 11 percent to
$71.37 on the New York Stock Exchange on Thursday, valuing the
company at around $3.2 billion.

Nov 15, 2012

Alcatel-Lucent considering asset-backed financing-CFO

BARCELONA, Nov 15 (Reuters) – Telecom equipment maker
Alcatel-Lucent is looking at options including
asset-backed financing to strengthen its balance sheet, it said
on Thursday.

Chief Financial Officer Paul Tufano told a Morgan Stanley
conference the company was looking at measures with regard in
particular to convertible debt due in 2015.

Nov 13, 2012

Exclusive: AMD hires bank to explore options – sources

NEW YORK/SAN FRANCISCO (Reuters) – Advanced Micro Devices has hired JPMorgan Chase & Co to explore options, which could include a potential sale, as the chipmaker struggles to find a role in an industry increasingly focused on mobile and away from traditional PCs, according to three sources familiar with the situation.

The company’s stock surged 18 percent on the news before ending up 5 percent at $2.09 on the New York Stock Exchange.

Nov 13, 2012

Advanced Micro hires bank to explore options -sources

NEW YORK/SAN FRANCISCO, Nov 13 (Reuters) – Advanced Micro
Devices (AMD.N: Quote, Profile, Research) has hired JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) to explore
options, which could include a potential sale, as the chipmaker
struggles to find a role in an industry increasingly focused on
mobile and away from traditional PCs, according to three sources
familiar with the situation.

The company’s stock surged 18 percent on the news before
ending up 5 percent at $2.09 on the New York Stock Exchange.
Sources told Reuters on Tuesday that an outright sale of the
company is not a priority, and other options for AMD could
include a sale of its portfolio of patents.

Oct 30, 2012

Exclusive: JDA Software on the block – sources

By Nadia Damouni

(Reuters) – Enterprise technology maker JDA Software Group Inc is exploring a sale and has hired JPMorgan Chase & Co to advise on the process, people familiar with the matter said.

The sale process is at an advanced stage. The company has received interest from multiple parties, including private equity firms and strategic buyers, the sources said.

Oct 30, 2012

JDA Software on the block – sources

Oct 29 (Reuters) – Enterprise technology maker JDA Software
Group Inc is exploring a sale and has hired JPMorgan
Chase & Co to advise on the process, people familiar
with the matter said.

The sale process is at an advanced stage. The company has
received interest from multiple parties, including private
equity firms and strategic buyers, the sources said.

Oct 29, 2012

Exclusive: Reynolds and Reynolds explores $5 billion LBO – sources

NEW YORK (Reuters) – Reynolds and Reynolds, which provides business management software for auto dealers in North America and Europe, is exploring a sale to private equity that could fetch around $5 billion, several sources familiar with the matter said.

The privately held company has hired technology-focused investment bank Qatalyst Partners to manage the process and is in talks with a few major private equity firms about a leveraged buyout, the sources said on Monday.

Oct 29, 2012

Reynolds and Reynolds explores $5 bln LBO – sources

NEW YORK, Oct 29 (Reuters) – Reynolds and Reynolds, which
provides business management software for auto dealers in North
America and Europe, is exploring a sale to private equity that
could fetch around $5 billion, several sources familiar with the
matter said.

The privately held company has hired technology-focused
investment bank Qatalyst Partners to manage the process and is
in talks with a few major private equity firms about a leveraged
buyout, the sources said on Monday.