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Jul 31, 2014

France’s Iliad makes $15 billion bid to take control of T-Mobile U.S.

PARIS/NEW YORK (Reuters) – French telecoms company Iliad has made a surprise offer for T-Mobile US Inc, setting up a potential bidding war with rival suitor Sprint Corp, the U.S. mobile firm now controlled by Japan’s Softbank.

Iliad, which has shaken up the French mobile and broadband market in the past decade with its cheap, pared-down subscriber plans, has bid $15 billion (£8.89 billion) in cash for 56.6 percent of T-Mobile US at $33 per share.

Jul 31, 2014

France’s Iliad makes buyout approach for T-Mobile U.S.: source

NEW YORK (Reuters) – French telecoms operator Iliad SA (ILD.PA: Quote, Profile, Research, Stock Buzz) has recently made a buyout approach for T-Mobile US Inc (TMUS.N: Quote, Profile, Research, Stock Buzz), according to a person familiar with the matter, a surprise bid that counters an existing takeover bid by Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz).

It was not immediately clear how Iliad, which has a market capitalization of just above $16 billion, would finance a deal for the fourth-largest U.S. wireless operator, which has a market value of about $25 billion. The person asked not to be named because the matter is not public.

Jul 30, 2014

Germany’s ZF in advanced talks to buy TRW for near $12 billion: sources

NEW YORK/FRANKFURT (Reuters) – Germany’s ZF Friedrichshafen AG is in advanced talks to acquire U.S.-based TRW Automotive Holdings Corp for nearly $12 billion, in a deal that would create an automotive supply powerhouse, according to people familiar with the matter.

ZF [ZFF.UL], which is lining up roughly 10 billion euros ($13.4 billion) in debt financing, is in talks to pay around $105 per TRW share, the people said, just above its current stock price and valuing the company at close to $12 billion based on shares outstanding.

Jul 30, 2014

Germany’s ZF in advanced talks to buy TRW for near $12 bln-sources

NEW YORK/FRANKFURT, July 30 (Reuters) – Germany’s ZF
Friedrichshafen AG is in advanced talks to acquire U.S.-based
TRW Automotive Holdings Corp for nearly $12 billion, in
a deal that would create an automotive supply powerhouse,
according to people familiar with the matter.

ZF, which is lining up roughly 10 billion euros
($13.4 billion) in debt financing, is in talks to pay around
$105 per TRW share, the people said, just above its current
stock price and valuing the company at close to $12 billion
based on shares outstanding.

Jul 29, 2014

Terra Firma’s aircraft lessor Awas eyes $13 billion breakup-sources

NEW YORK, July 29 (Reuters) – Awas, the aircraft
leasing company owned by British private equity firm Terra
Firma, is working on a break-up that could value the
Dublin-based lessor at roughly $13 billion, according to people
familiar with the matter.

Awas is in talks with potential bidders to sell a portfolio
of about 100 newer aircraft that could fetch a sale price of
roughly $5 billion, the people said on Tuesday, asking not to be
named because the matter is not public.

Jul 28, 2014

FleetCor, buyout firms eye $3 billion-plus deal for Comdata: sources

NEW YORK (Reuters) – FleetCor Technologies Inc and buyout firms including Carlyle Group LP and Silver Lake Partners LP are vying to acquire payments processing company Comdata Inc for more than $3 billion, according to people familiar with the matter.

Discussions about a potential sale come after Comdata, owned by Thomas H. Lee Partners LP and Fidelity National Financial Inc, said in April it had confidentially filed for an initial public offering.

Jul 28, 2014

Exclusive – CVC in lead to buy Epicor for more than $3 billion: sources

NEW YORK (Reuters) – Private equity firm CVC Capital Partners Ltd has emerged as the front runner to acquire Epicor Software Corp in a deal that could value the business software company at more than $3 billion, including debt, according to people familiar with the matter.

CVC has so far prevailed over other buyout firms in the auction for Epicor, which is currently owned by private equity firm Apax Partners LLP, the people said on Monday.

Jul 28, 2014

CVC in lead to buy Epicor for more than $3 bln -sources

NEW YORK, July 28 (Reuters) – Private equity firm CVC
Capital Partners Ltd has emerged as the front runner to acquire
Epicor Software Corp in a deal that could value the business
software company at more than $3 billion, including debt,
according to people familiar with the matter.

CVC has so far prevailed over other buyout firms in the
auction for Epicor, which is currently owned by private equity
firm Apax Partners LLP, the people said on Monday.

Jul 24, 2014

Zillow in talks to buy rival real-estate website Trulia-sources

NEW YORK, July 24 (Reuters) – U.S. real estate website
operator Zillow Inc is in advanced talks to buy smaller
rival Trulia Inc, according to people familiar with the
matter.

The companies, with the two property sites most visited by
American consumers, are working on a deal that could be
finalized in a matter of weeks, the people said on Thursday,
asking not to be named because the discussions are private.

Jul 24, 2014

Irish, Dutch, UK law firms in tax inversion beauty contest in U.S.

NEW YORK (Reuters) – A series of European law firms are aggressively pitching low corporate taxes in their countries to prospective U.S. clients, seeking to tap into the tax inversion frenzy that has seized Corporate America in recent months.

At least eight European law firms are pitching their services to major U.S. law firms and Wall Street banks, hoping that U.S. companies considering an inversion choose Ireland, Britain or the Netherlands for their new tax domicile, according to people with knowledge of the matter.