Soyoung's Feed
May 20, 2015

Benjamin Lawsky to step down as top NY financial regulator

NEW YORK, May 20 (Reuters) – Benjamin Lawsky is stepping
down as New York state’s top financial regulator in June, after
four years of running the newly created agency and bringing
cases against a variety of defendants on Wall Street.

Lawsky is leaving the New York State Department of Financial
Services (NYSDFS) after helping extract record settlements from
major banks, and often proving a thorn in the side of other U.S.
authorities who have expressed frustration at his negotiating
tactics and at times his going after banks over alleged
misconduct without coordination.

Feb 23, 2015

Exclusive: Rare disease drugmaker PTC Therapeutics explores sale – sources

By Olivia Oran and Soyoung Kim

(Reuters) – Rare disease drugmaker PTC Therapeutics Inc (PTCT.O: Quote, Profile, Research, Stock Buzz) is exploring a potential sale amid takeover interest from several pharmaceutical companies, including Shire Plc (SHP.L: Quote, Profile, Research, Stock Buzz) and BioMarin Pharmaceutical Inc (BMRN.O: Quote, Profile, Research, Stock Buzz), according to people familiar with the matter.

The company, which treats a muscle-wasting disorder known as Duchenne, is working with financial advisers as it weighs strategic alternatives, said the sources, who asked not to be named because the matter is private.

Jan 9, 2015

Exclusive: Chip maker Silicon Image explores sale – sources

By Liana B. Baker and Soyoung Kim

(Reuters) – Semiconductor company Silicon Image Inc, whose technology helps streams video between consumer electronic devices, is exploring strategic alternatives, including selling itself, according to people familiar with the matter.

The Sunnyvale, California-based company, which is under activist pressure from hedge fund firm Engaged Capital LLC, is exploring its options with the help of investment bank Barclays Plc, the two people said this week.

Jan 9, 2015

Macquarie in exclusive talks to buy jets from lessor AWAS for more than $4 bln – sources

SINGAPORE/NEW YORK (Reuters) – Australian bank Macquarie Group Ltd’s aircraft leasing subsidiary is in exclusive talks to buy a portfolio of new planes from Dublin-based lessor AWAS for more than $4 billion, according to people familiar with the matter.

    Macquarie AirFinance is negotiating a deal for just under 100 newly built and on-order aircraft being sold by AWAS, the people said. Macquarie is working to finalise an agreement before the end of January, they said, asking not to be named because the matter was confidential.

Oct 30, 2014

Exclusive: Sale of yearbook maker Herff Jones parent for $1.5 billion near – sources

By Soyoung Kim, Olivia Oran and Greg Roumeliotis

(Reuters) – The parent company of yearbook and class ring maker Herff Jones is close to selling itself to a private equity consortium led by Charlesbank Capital Partners for about $1.5 billion, according to people familiar with the matter.

Herff Jones is also known for making the Super Bowl XLI rings for the Indianapolis Colts.

Oct 30, 2014

Sale of yearbook maker Herff Jones parent for $1.5 bln near-sources

Oct 30 (Reuters) – The parent company of yearbook and class ring maker Herff Jones is close to selling itself to a private equity consortium led by Charlesbank Capital Partners for about $1.5 billion, according to people familiar with the matter.

Herff Jones is also known for making the Super Bowl XLI rings for the Indianapolis Colts.

Oct 22, 2014

Humana looks to sell urgent care subsidiary Concentra -sources

Oct 22 (Reuters) – Health insurer Humana Inc is
exploring a sale of its urgent care subsidiary Concentra in a
deal that could value it at around $1 billion, according to
three people familiar with the matter.

The effort to sell Concentra comes less than four years
after the unit was acquired. It indicates that Humana, one of
the largest providers of Medicare plans for the elderly in the
United States, has faced challenges in trying to run healthcare
centers itself in order to better manage medical costs.

Oct 17, 2014

CF Industries, Yara International end merger talks

Oct 16 (Reuters) – CF Industries Holdings Inc ended
merger talks with Norway’s Yara International ASA after
the companies failed to agree on terms of a deal that would have
created a global fertilizer concern with an enterprise value
approaching $30 billion.

Chicago-based CF and Yara said last month they were in
early-stage talks about a “merger of equals” that would
challenge the world’s largest fertilizer producer, Canada’s
Potash Corp of Saskatchewan, in an oversupplied and
fragmented market.

Oct 16, 2014

Timken, Regal Beloit, Altra vying for Emerson power unit -sources

Oct 16 (Reuters) – Timken Co, Regal Beloit Corp
and Altra Industrial Motion Corp are among
those competing for Emerson Electric Co’s power
transmission solutions business, according to people familiar
with the matter.

Ball bearings maker Timken, electric motors manufacturer
Regal Beloit, and Altra Industrial Motion, a producer of brakes,
clutches and couplings, are through to the second round of
bidding in the auction for the unit, the people said this week.

Oct 10, 2014

Exclusive: Car care products company Armored AutoGroup mulls IPO – sources

NEW YORK (Reuters) – Armored AutoGroup Inc is exploring an initial public offering that could value the maker of car care products at more than $1.5 billion, including debt, according to people familiar with the matter.

Armored AutoGroup’s owner, private equity firm Avista Capital Partners, is in talks with investment banks, including JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz), about the potential offering, the people said this week.