Olivia's Feed
Jul 17, 2014

Shire, AbbVie to announce $53 billion merger by Friday: sources

By Olivia Oran and Soyoung Kim

(Reuters) – Shire Plc (SHP.L: Quote, Profile, Research, Stock Buzz) and U.S. drugmaker Abbvie Inc (ABBV.N: Quote, Profile, Research, Stock Buzz) plan to announce a $53 billion merger as soon as Friday morning, two people said on Thursday.

Dublin-based Shire, which sells drugs for rare diseases, said earlier this week it was ready to recommend a deal to shareholders after AbbVie increased its offer.

Jul 17, 2014

Exclusive: Sycamore Partners explores bid for Fred’s – sources

By Olivia Oran

(Reuters) – Private equity firm Sycamore Partners is in talks with regional discount store operator Fred’s Inc (FRED.O: Quote, Profile, Research, Stock Buzz) about a potential takeover, according to people familiar with the matter.

The talks are at an early stage, the people said, cautioning that no bid may surface. There is at least one other party in talks with Fred’s, two of the people said, without disclosing its identity.

Jul 1, 2014

Berkshire Partners nears deal for hot dog chain Portillo’s-sources

July 1 (Reuters) – Buyout firm Berkshire Partners LLC is in
advanced talks to acquire Portillo’s Restaurant Group, the
largest privately owned restaurant chain in the U.S. Midwest,
for close to $1 billion, according to people familiar with the
matter.

Berkshire Partners has outbid other private equity firms for
the Chicago-based restaurant group, the sources said on Tuesday.

Jun 30, 2014

Exclusive: CareOne explores $2 billion real estate asset sale – sources

NEW YORK (Reuters) – Privately held senior care center operator CareOne LLC said on Monday it was working with an investment bank to explore a sale of its real estate assets in an auction that people familiar with the matter said could fetch as much as $2 billion.

The Fort Lee, New Jersey-based company’s asset sale, run by Jefferies Group LLC, is expected to attract interest from real estate investment trusts (REITs) as well as private equity firms, four people said on Monday.

Jun 30, 2014

CareOne explores $2 billion real estate asset sale -sources

NEW YORK, June 30 (Reuters) – Privately held senior care
center operator CareOne LLC said on Monday it was working with
an investment bank to explore a sale of its real estate assets
in an auction that people familiar with the matter said could
fetch as much as $2 billion.

The Fort Lee, New Jersey-based company’s asset sale, run by
Jefferies Group LLC, is expected to attract interest from real
estate investment trusts (REITs) as well as private equity
firms, four people said on Monday.

Jun 27, 2014

Exclusive: Canned tuna company Bumble Bee eyes $1.5 billion sale – sources

NEW YORK (Reuters) – Bumble Bee Foods is preparing a sale process that could value North America’s largest producer and marketer of canned tuna and sardines at as much as $1.5 billion, according to people familiar with the matter.

The company’s owner, private equity firm Lion Capital LLP, is planning meetings with investment banks in the coming weeks to appoint financial advisors who will run an auction for Bumble Bee, the people said this week.

Jun 27, 2014

Canned tuna company Bumble Bee eyes $1.5 bln sale-sources

NEW YORK, June 27 (Reuters) – Bumble Bee Foods is preparing
a sale process that could value North America’s largest producer
and marketer of canned tuna and sardines at as much as $1.5
billion, according to people familiar with the matter.

The company’s owner, private equity firm Lion Capital LLP,
is planning meetings with investment banks in the coming weeks
to appoint financial advisors who will run an auction for Bumble
Bee, the people said this week.

Jun 26, 2014

TreeHouse Foods in advanced talks to acquire Flagstone Foods-sources

June 26 (Reuters) – Private-label food retailer TreeHouse
Foods Inc is in late-stage talks to acquire Flagstone
Foods, a maker of dried fruits and nuts, for between $800
million and $900 million, people familiar with the matter said
on Thursday.

Oakbrook, Illinois-based TreeHouse Foods has prevailed over
Chinese private equity firm Hony Capital Co at the final stage
of the auction for Flagstone, which is owned by San
Francisco-based private equity firm Gryphon Investors, the
people said.

Jun 25, 2014

Exclusive: Paulson & Co amasses large stake in Allergan: sources

New York (Reuters) – Hedge fund Paulson & Co has amassed a large stake in Allergan Inc AGN.N of more than 6 million shares and supports a deal between the Botox maker and Valeant Pharmaceuticals Inc VRX.TO, people familiar with the matter said on Wednesday.

The position is expected to make the prominent U.S. hedge fund, led by John Paulson, one of the top 10 to 15 holders of Allergan, according to Thomson Reuters shareholder data as of March 31.

Jun 25, 2014

Paulson & Co amasses large stake in Allergan: sources

New York, June 25 (Reuters) – Hedge fund Paulson & Co has
amassed a large stake in Allergan Inc of more than 6
million shares and supports a deal between the Botox maker and
Valeant Pharmaceuticals Inc, people familiar with the
matter said on Wednesday.

The position is expected to make the prominent U.S. hedge
fund, led by John Paulson, one of the top 10 to 15 holders of
Allergan, according to Thomson Reuters shareholder data as of
March 31.