Soyoung's Feed
Aug 20, 2014

Exclusive: Amid investor pressure, PetSmart says to explore sale

NEW YORK (Reuters) – PetSmart Inc said on Tuesday it will explore a potential sale of the company, bowing to mounting pressure from several shareholders led by activist investor Jana Partners LLC.

Reuters reported earlier on Tuesday that the pet supply retailer, which has a market capitalization of nearly $7 billion, has decided to review strategic alternatives and could announce the intention to do so as soon as this week.

Aug 19, 2014

Singapore shipper Neptune Orient looks to sell logistics unit-sources

NEW YORK, Aug 19 (Reuters) – Singapore’s Neptune Orient
Lines Ltd is looking to sell its APL Logistics
division with the hope of fetching more than $750 million,
according to people familiar with the situation.

Shipping and logistics company Neptune is comprised of two
major divisions – APL Logistics, a global freight management and
logistics business, and a separate container shipping business
named APL.

Aug 19, 2014

Exclusive: PetSmart to explore sale amid investor pressure – sources

NEW YORK (Reuters) – PetSmart Inc plans to explore a potential sale of the company, people familiar with the matter said on Tuesday, after several shareholders led by activist investor Jana Partners LLC pressured the pet supply retailer to sell itself.

PetSmart, which has a market capitalization of nearly $7 billion, could announce the intention to explore strategic alternatives as soon as this week, although the timing could yet change, one person said.

Aug 19, 2014

PetSmart to explore sale amid investor pressure -sources

NEW YORK, Aug 19 (Reuters) – PetSmart Inc plans to
explore a potential sale of the company, people familiar with
the matter said on Tuesday, after several shareholders led by
activist investor Jana Partners LLC pressured the pet supply
retailer to sell itself.

PetSmart, which has a market capitalization of nearly $7
billion, could announce the intention to explore strategic
alternatives as soon as this week, although the timing could yet
change, one person said.

Aug 19, 2014

Apax seeks $3 billion sale of healthcare IT firm TriZetto : sources

NEW YORK (Reuters) – Private equity firm Apax Partners LLP is exploring a sale of U.S. healthcare information technology company TriZetto Corp, hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.

London-based Apax has hired investment bank JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) to run an auction for TriZetto, a software vendor to the U.S. health insurance industry, the people said this week.

Aug 19, 2014

Apax seeks $3 bln sale of healthcare IT firm TriZetto -sources

NEW YORK, Aug 19 (Reuters) – Private equity firm Apax
Partners LLP is exploring a sale of U.S. healthcare information
technology company TriZetto Corp, hoping to fetch as much as $3
billion including debt, according to people familiar with the
matter.

London-based Apax has hired investment bank JPMorgan Chase &
Co to run an auction for TriZetto, a software vendor to
the U.S. health insurance industry, the people said this week.

Aug 18, 2014

P&G eyes Duracell, Braun in sweeping brand culling: sources

NEW YORK (Reuters) – Procter & Gamble Co (PG.N: Quote, Profile, Research, Stock Buzz) is working with advisors including Goldman Sachs Group (GS.N: Quote, Profile, Research, Stock Buzz) as the world’s largest household products maker reviews up to 100 underperforming brands for potential divestiture, people familiar with the matter said.

While P&G has yet to determine which brands it will seek to shed, Duracell batteries and Braun shavers are the two largest assets likely to be divested, the people said, asking not to be named because the matter is not public.

Aug 14, 2014

Electrolux, others in talks to buy GE’s appliances business

STOCKHOLM/NEW YORK (Reuters) – World number two home appliances maker Electrolux (ELUXb.ST: Quote, Profile, Research, Stock Buzz) said it was in talks to buy General Electric’s (GE.N: Quote, Profile, Research, Stock Buzz) household appliances business, seeking to increase its foothold in North America which is growing faster than its other main markets in Europe.

GE confirmed it is evaluating strategic options for the home appliances business, including discussions with the Swedish group and other interested parties.

Aug 13, 2014

Emerson taps Goldman for $1 billion-plus power unit sale: sources

NEW YORK (Reuters) – Emerson Electric Co has tapped Goldman Sachs Group Inc to sell its power transmission solutions business in a deal that could be worth more than $1 billion, people familiar with the matter said.

The industrial conglomerate is preparing for an auction in the fall and is in the early stages of contacting potential buyers, including other industrial companies and buyout firms, the people said on Wednesday.

Aug 13, 2014

InterMune taps banks as it braces for buyout bids: sources

NEW YORK (Reuters) – Biotechnology company InterMune Inc is working with financial advisers to evaluate strategic options as it braces for potential takeover interest from larger drugmakers, people familiar with the matter said.

InterMune is in the early stages of considering options, including a potential sale, and is not soliciting takeover offers, the people said on Wednesday, asking not to be named because the matter is not public.