Hedge fund manager Andrew Shapiro of Lawndale Capital Management LLC has escalated his activism campaign at electronic manufacturing services company Sparton Corp.--again.[...]
Beleaguered investment bank Lehman Brothers Holdings Inc. is reportedly bracing for a new wave of layoffs. According to a New York Times item Thursday, citing someone briefed on the plans, the investment bank will distribute as many as 1,500 pink slips, trimming its workforce by 6%. Lehman shares were up [...]
Today is the day that Greenfield Online Inc. [SRVY] has set for private equity firm Quadrangle Group LLC to meet or beat a $17.50, $460 million acquisition offer from[...]
Computer security provider Aladdin Knowledge Systems Ltd. has rejected two offers from affiliates of private equity firm Vector Capital Corp., saying they undervalue the company. In a statement late Wednesday,[...]
New York buyout shop Clayton, Dubilier & Rice Inc. said Thursday it would pay an initial £417 million ($767.8 million) cash for the testing division of Bodycote plc.[...]
As continental European banks struggle with the credit crunch alongside the U.K. and the U.S., their appetite for funding leveraged buyouts has dried up just as fast.[...]
Good news for bankers looking for a job. There is at least one investment bank hiring. The bad news is that you have to speak French.[...]
The gorgeous late August weather has stimulated Carl Icahn's blogging instincts, but it looks like he is fishing for topics. The raider-turned-shareholder-activist posted an entry Wednesday in which he decries the costs companies impose on dissidents who want to run board slates.[...]
Biofuel technology developer Solazyme Inc. has raised a $45.4 million third round from new investors Braemar Energy Ventures and Lightspeed Venture Partners. Previous investors the Roda Group and Harris &[...]
The Royal Bank of Scotland Group plc is bringing in three new non-executive directors in response to the criticism of CEO Fred Goodwin. [...]
How hard is it to make the switch from investment banking to corporate development? We went to former investment banker Lorne Groe for some insight. After more than a decade as an i-banker, most recently with Wells Fargo Securities, Groe made the switch to corp dev in 2003. Today he[...]
Expand Networks Inc., whose technology helps make wide-area networks faster and more efficient, said Tuesday it has scored an $8.5 million funding round led by Intel Capital. Founded in 1998, Expand[...]
One day after India's Infosys Technologies Ltd. [INFY] agreed to buy U.K. software consultancy Axon Group plc [AXNGF] for about $753.1 million, speculation is rampant that another bidder may come forward with a[...]
Carl Icahn livened a deadly dull late August Monday with a blog post in which he attacked old nemesis Marty Lipton, the M&A lawyer who made his name and fortune defending corporate America. In a recent memorandum to clients, Lipton argued that Anheuser-Busch Cos. Inc. left itself vulnerable by removing [...]
"The U.S. is for sale. Our currency is deflated and that is attractive for international buyers. That said, inbound investments into the U.S. will be tempered due to the uncertainty of the U.S. economy... "[...]
Lehman Brothers Holdings Inc.'s stock is sinking as more speculation swirls around the bank's future.[...]
Merrill Lynch & Co. has had trouble with its investments in Hollywood, recently disbanding its film-financing unit because of poor returns generated from deals with Summit Entertainment, Paramount Pictures and others. Fearing more losses, Merrill is scrutinizing its financing deal with United Artists because of its recent firing of Paula [...]
We have the advisers that worked on the $2 billion dollar deal between Grey Wolf Inc. and Canada's Precision Drilling Trust. For the full list of advisers on this deal, check out the story on TheDeal.com.[...]
UK buyout shop Apax Partners appears to be the last bidder standing in the auction for a 30.6% stake in Central European bank Nova Ljubljanska Banca.[...]
Demandbase Inc., a customer acquisition software startup, on Monday is expected to announce an $8 million funding round led by early-stage venture firm Sigma Partners. Also participating in the round[...]
What's the fastest way for a tech business to gather customers? For startup Sparxent Inc. the answer is, quite literally, to acquire them. The Salt Lake City, Utah provider of[...]
Sometimes a big juicy IPO is just what the market needs to shake loose from its doldrums. It's hard to tell whether private equity-owned Avago Technologies Ltd.'s upcoming offering will[...]
After years of blowing off Cablevision System Corp.'s shareholders, the Dolan family may have finally met its match in activist hedge fund Harbinger Capital Partners. Since the activist hedge fund took a stake in the cable company, Cablevision has gone on an investor roadshow, started exploring asset sales and started [...]
Private equity-backed Midwest Air Group Inc. has been largely silent since announcing last month it would cut 40% of its staff in an effort to prevent a bankruptcy filing. But the company's troubles apparently are far from over.[...]
Although ongoing loses at Dresdner Bank AG were thought to stymie Allianz SE's sales efforts earlier in the month, Commerzbank AG remains undeterred in its interests in Dresdner, according to a Reuters report. Commerzbank is reportedly preparing to call a supervisory board meeting late next week to discuss a possible [...]
