After a New York Post article reported that
Private equity sales to strategic buyers have become a silver lining in an exit environment made difficult in part by a weak IPO market, writes the Wall Street Journal’s Deal Journal. According to
CNBC reported that private equity fund Kohlberg Kravis Roberts was in the lead in bidding for Neuberger Berman, beleaguered investment bank Lehman Brothers’ “crown jewel,” its asset management unit.
OTHER DEALS OF THE DAY
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** Norwegian solar industry group Renewable Energy Corporation (REC) plans to build its next silicon materials plant in
** Chip maker Broadcom Corp said it would buy Advanced Micro Devices Inc’s digital television chip business for $192.8 million in cash to enter the market for cheaper television sets. After the deal, Broadcom would be selling chips for television sets with screens of up to 20 inches priced around $200 to $300.
** Q9 Networks Inc, which provides data centers and network management services to other companies, agreed to be bought by private-equity firm Abry Partners in a cash transaction worth about C$361 million ($345 million), the companies said on Monday. Boston-based Abry, through its affiliate CDC Acquisition Corp, will buy all of the outstanding common shares of Q9 for C$17.05 each.

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