Olivia's Feed
May 21, 2015

Goldman Sachs asks shareholders to ‘like’ tech push in San Francisco

SAN FRANCISCO, May 21 (Reuters) – In Goldman Sachs Group
Inc’s latest move to bolster its street cred as a cool,
tech-savvy bank, it is holding its annual shareholder meeting in
San Francisco on Thursday.

Goldman has been one of the top investment banks handling
mergers and IPOs for the tech sector since the dot-com boom of
the 1990s. But more recently, the bank has been trying to mold
itself into a tech firm of sorts, too.

May 18, 2015

Abandoning Par IPO for $8 billion sale could help TPG with its own

By Greg Roumeliotis and Olivia Oran

(Reuters) – TPG Capital LP may have helped its own campaign to go public after pulling Par Pharmaceutical Holdings Inc’s IPO.

TPG was preparing to begin an IPO investor roadshow for Par Pharmaceutical Holdings before it agreed to sell the generics drugmaker to Endo International Plc (ENDP.O: Quote, Profile, Research, Stock Buzz) for around $8 billion. TPG bought Par for $1.9 billion in 2012.

May 11, 2015

Exclusive: Apollo in talks to buy ASG Security, combine with other firm – sources

By Mike Stone and Olivia Oran

(Reuters) – Apollo Global Management Llc (APO.N: Quote, Profile, Research, Stock Buzz) is in talks to buy ASG Security and combine it with another home security company it is acquiring, Protection 1, valuing them collectively at about $2 billion, people familiar with the matter said on Monday.

Final bids for ASG Security are due on Monday, the sources said. Reuters reported in February that Apollo was in the lead to acquire Protection 1 from buyout firm GTCR Llc for about $1.5 billion. The deal has been finalized, contingent upon Apollo also clinching a deal for ASG, the people said.

May 11, 2015

Apollo in talks to buy ASG Security, combine with other firm-sources

May 11 (Reuters) – Apollo Global Management Llc is
in talks to buy ASG Security and combine it with another home
security company it is acquiring, Protection 1, valuing them
collectively at about $2 billion, people familiar with the
matter said on Monday.

Final bids for ASG Security are due on Monday, the sources
said. Reuters reported in February that Apollo was in the lead
to acquire Protection 1 from buyout firm GTCR Llc for about $1.5
billion. The deal has been finalized, contingent upon Apollo
also clinching a deal for ASG, the people said.

May 8, 2015

Mylan chairman tells investors he would consider buying Teva

By Olivia Oran and Caroline Humer

(Reuters) – Generics drugmaker Mylan NV, which is in
the middle of a three-way takeover battle, has said it is
unwilling to sell itself to Israeli rival Teva Pharmaceuticals
Industries Ltd, but would consider buying that company
down the road, Mylan Executive Chairman Robert Coury told
investors this week.

The company has been steadfast in its refusal to combine
with Teva and is instead encouraging shareholders to support its
own $34 billion unsolicited offer for over-the-counter drugmaker
Perrigo Co Plc.

May 8, 2015

Exclusive: Mylan chairman tells investors he would consider buying Teva

By Olivia Oran and Caroline Humer

(Reuters) – Generics drugmaker Mylan NV (MYL.O: Quote, Profile, Research, Stock Buzz), which is in the middle of a three-way takeover battle, has said it is unwilling to sell itself to Israeli rival Teva Pharmaceuticals Industries Ltd (TEVA.TA: Quote, Profile, Research, Stock Buzz), but would consider buying that company down the road, Mylan Executive Chairman Robert Coury told investors this week.

The company has been steadfast in its refusal to combine with Teva and is instead encouraging shareholders to support its own $34 billion unsolicited offer for over-the-counter drugmaker Perrigo Co Plc (PRGO.N: Quote, Profile, Research, Stock Buzz).

May 6, 2015

Golden Gate Capital in one-on-one talks to buy Ann Taylor-sources

By Greg Roumeliotis and Olivia Oran

(Reuters) – Private equity firm Golden Gate Capital is in
advanced one-on-one negotiations to acquire Ann Inc, in
a deal that could value the parent of women’s retailer Ann
Taylor at around $2 billion, according to people familiar with
the matter.

A deal for the New York-based company could come together as
early as next week should the negotiations prove successful, the
people said on Wednesday. There is no certainty that a deal will
be reached, the people cautioned.

May 6, 2015

Exclusive: Golden Gate Capital in one-on-one talks to buy Ann Taylor – sources

By Greg Roumeliotis and Olivia Oran

(Reuters) – Private equity firm Golden Gate Capital is in advanced one-on-one negotiations to acquire Ann Inc (ANN.N: Quote, Profile, Research, Stock Buzz), in a deal that could value the parent of women’s retailer Ann Taylor at around $2 billion, according to people familiar with the matter.

A deal for the New York-based company could come together as early as next week should the negotiations prove successful, the people said on Wednesday. There is no certainty that a deal will be reached, the people cautioned.

May 6, 2015

Rich Synageva M&A premium epitomizes appetite for orphan drugs

By Olivia Oran

(Reuters) – The hefty premium Alexion Pharmaceuticals Inc has agreed to pay to acquire Synageva BioPharma Corp highlights how the popularity of so-called orphan drug makers is leading to valuations many investors now deem frothy.

Alexion shares fell as much as 10 percent on Wednesday on investor concerns the $8.4 billion cash and stock deal overvalued Synageva, whose drug for a rare and potentially fatal condition that causes a build-up of fat in the blood and liver awaits regulatory approval.

May 6, 2015

Children’s Place said it expects increase in Q1 earnings

May 6 (Reuters) – Children’s Place Inc, which is
being pushed by activist investors to improve results and
explore a sale, on Wednesday forecast that first-quarter
earnings this year would increase more than previously expected.

The children’s apparel retailer said it expects to report
first quarter adjusted earnings per share of 81 cents to 83
cents for the 13 weeks ended May 2, up from adjusted earnings of
68 cents per share during the same period last year.