Soyoung's Feed
Aug 31, 2014

Exclusive: Norwegian Cruise nears $3 billion Prestige Cruises deal – sources

By Soyoung Kim and Greg Roumeliotis

(Reuters) – Norwegian Cruise Line Holdings Ltd NCHL.O, the world’s third largest cruise operator, is in advanced talks to acquire peer Prestige Cruises International Inc for around $3 billion, according to people familiar with the matter.

A deal would give Norwegian Cruise, a company with a market value of $6.8 billion, access to Prestige Cruises’ luxury cruise ships and affluent clientele as it competes with bigger rivals Royal Caribbean Cruises Ltd (RCL.N: Quote, Profile, Research, Stock Buzz) and Carnival Corp (CCL.N: Quote, Profile, Research, Stock Buzz).

Aug 31, 2014

Norwegian Cruise nears $3 bln Prestige Cruises deal -sources

Aug 31 (Reuters) – Norwegian Cruise Line Holdings Ltd
, the world’s third largest cruise operator, is in
advanced talks to acquire peer Prestige Cruises International
Inc for around $3 billion, according to people familiar with the
matter.

A deal would give Norwegian Cruise, a company with a market
value of $6.8 billion, access to Prestige Cruises’ luxury cruise
ships and affluent clientele as it competes with bigger rivals
Royal Caribbean Cruises Ltd and Carnival Corp.

Aug 28, 2014

National Australia Bank subsidiary files for U.S. IPO

NEW YORK, Aug 28 (Reuters) – Great Western Bancorp Inc, the
U.S. subsidiary of National Australia Bank Ltd, filed
with U.S. regulators on Thursday for an initial public offering.

Reuters reported earlier on Thursday that NAB, Australia’s
No. 4 lender by market value, had tapped Deutsche Bank
and Bank of America Corp to lead the U.S. IPO
of its Sioux Falls, South Dakota-based banking unit.

Aug 28, 2014

Exclusive: National Australia Bank plans U.S. IPO of Great Western Bank – sources

NEW YORK (Reuters) – National Australia Bank Ltd (NAB.AX: Quote, Profile, Research, Stock Buzz) is expected to file soon for an initial public offering of its U.S. subsidiary, Great Western Bank, according to people familiar with the matter.

NAB, Australia’s No. 4 lender by market value, has tapped investment banks Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) and Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) to lead the U.S. public offering of the Sioux Falls, South Dakota-based bank, the people said.

Aug 27, 2014

Exclusive: Dow hires banks to sell two chemical units – sources

NEW YORK (Reuters) – Dow Chemical Co (DOW.N: Quote, Profile, Research, Stock Buzz) has kicked off processes to sell two of its specialty chemicals subsidiaries that could fetch close to $2 billion combined, according to people familiar with the matter, part of its effort to divest several billion dollars worth of non-core assets by 2015.

Dow has hired investment bankers including Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) to sell its Angus Chemical Co subsidiary, as well as AgroFresh Inc, the people said on Wednesday, asking not to be named because the matter is not public.

Aug 27, 2014

Dow hires banks to sell two chemical units -sources

NEW YORK, Aug 27 (Reuters) – Dow Chemical Co has
kicked off processes to sell two of its specialty chemicals
subsidiaries that could fetch close to $2 billion combined,
according to people familiar with the matter, part of its effort
to divest several billion dollars worth of non-core assets by
2015.

Dow has hired investment bankers including Morgan Stanley
to sell its Angus Chemical Co subsidiary, as well as
AgroFresh Inc, the people said on Wednesday, asking not to be
named because the matter is not public.

Aug 26, 2014

Ann Taylor parent taps JPMorgan to weigh potential sale: sources

NEW YORK (Reuters) – Ann Inc (ANN.N: Quote, Profile, Research, Stock Buzz) has hired JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) to explore strategic alternatives, including a potential sale of the women’s retailer, according to people familiar with the matter.

The hiring of an investment bank comes as the Ann Taylor owner, best known for its women’s suits and office wear, faces pressure from hedge funds Engine Capital LP and Red Alder LLC to consider selling itself to a private equity firm or a large international retailer.

Aug 25, 2014

Amid tax inversion craze, some U.S. companies get cold feet

NEW YORK, Aug 25 (Reuters) – The headline noise may suggest
otherwise but U.S. companies’ interest in tax-driven deal-making
may be starting to cool down.

Bankers and lawyers providing takeover advice said on Monday
that Burger King Worldwide Inc’s intention to move its
tax domicile overseas through a so-called inversion deal – in
this case the purchase of Canada’s Tim Hortons – shouldn’t be
seen as a sign of a lot more deals to come.

Aug 25, 2014

Exclusive: Communications equipment maker Comtech explores sale

NEW YORK (Reuters) – Communications equipment maker Comtech Telecommunications Corp said on Monday it is exploring strategic alternatives, including a possible merger or sale of the company, confirming a Reuters report earlier in the day.

Citing people familiar with the matter, Reuters reported Comtech has tapped investment bank Citigroup to review a potential sale and has received preliminary expressions of interest in recent weeks.

Aug 25, 2014

Communications equipment maker Comtech explores sale

NEW YORK, Aug 25 (Reuters) – Communications equipment maker
Comtech Telecommunications Corp said on Monday it is
exploring strategic alternatives, including a possible merger or
sale of the company, confirming a Reuters report earlier in the
day.

Citing people familiar with the matter, Reuters reported
Comtech has tapped investment bank Citigroup to review a
potential sale and has received preliminary expressions of
interest in recent weeks.