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Stock Market & Financial Investment News

News Breaks
February 25, 2014
07:54 EDTRWEOY, BASFY, KKRBASF after takeover targets in oil and gas, Reuters reports
BASF (BASFY) Chairman Kurt Bock says the company would continue to look for takeover targets in the oil and gas industry, reports Reuters. Sources say BASF's Wintershall unit made a tentative offer of $4.8B for RWE's (RWEOY) DEA unit, below bids by a consortium of U.S. private equity firm KKR (KKR) and Kufpec as well as by Russia's Mikhail Fridman.Reference Link
News For BASFY;RWEOY;KKR From The Last 14 Days
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March 26, 2015
07:25 EDTBASFYNomura to hold a conference
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07:22 EDTBASFYDeutsche Bank to hold a virtual conference
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March 23, 2015
06:06 EDTKKRAres Management, GE Capital invests in package supporting KKR acquisition
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March 19, 2015
15:46 EDTKKRKKR, CVC near deal for majority of Philips lighting unit, Bloomberg says
Private equity firms KKR (KKR) and CVC Capital Partners are nearing a deal that could be announced as soon as next week to buy 80% of Philips' (PHG) lighting components unit, with Philips retaining the remaining stake, reported Bloomberg, citing people with knowledge of the matter. The firms' bid values the whole of the business at about $2.7B, the sources told Bloomberg. Reference Link
15:19 EDTKKRKKR, CVC near bid for 80% of Philips lighting components unit, Bloomberg says
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March 18, 2015
10:23 EDTRWEOYRWE considering selling 10% stake to Abu Dhabi investors, Bloomberg says
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09:58 EDTRWEOYRWE in talks for potential 10% stake sale to Abu Dhabi investors, Bloomberg says
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08:25 EDTKKRSamson near deal for covenant breach waiver, NY Post says
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08:10 EDTKKRAres Management names Michael McFerran as CFO
Ares Management, L.P. (ARES) announced that it has appointed Michael R. McFerran as Executive VP, CFO and Treasurer, effective March 23. McFerran will assume firm-wide CFO and Treasurer responsibilities. McFerran was previously a Managing Director at Kohlberg Kravis Roberts & Co. L.P. (KKR) where he served as the CFO of KKRís credit business and was the COO and CFO of KKR Financial Holdings LLC (KFN). Daniel F. Nguyen, Ares Managementís current CFO and Treasurer, will remain with Ares as CFO of the Ares Private Equity and Tradable Credit Groups and will continue his involvement with firm M&A activities. The CFO roles for each of the other two Ares investment groups, Direct Lending and Real Estate, will continue to be filled by Penni Roll and Tae-Sik Yoon, respectively. In addition, Roll will continue as CFO of Ares Capital Corporation (ARCC) and Yoon will continue as CFO of Ares Commercial Real Estate Corporation (ACRE).
06:42 EDTKKRUxin raises $170M from KKR, Baidu, others, WSJ says
Chinese used car auctioneer Uxin has raised $170M from backers including KKR (KKR) and Baidu (BIDU), reports the Wall Street Journal. Uxin will primarily use the fund to expand its business-to-consumer operations to complete with rivals Bitauto (BITA) and Autohome (ATHM). Reference Link
March 17, 2015
07:53 EDTKKRMatson American Eagle Jack Henry named triple play at Oppenheimer
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06:55 EDTRWEOYRWE AG acquires minority position in Conergy, Reuters says
RWE AG has acquired a minority position in solar company Conergy, reports Reuters, citing a statement from RWE Supply & Trading board member Andree Stracke. Transaction details were not disclosed although Conergy stated RWE was the largest single investor in its $45M funding round. Reference Link
March 16, 2015
11:58 EDTBASFYDuPont retreats after Bank of America two notch downgrade to sell
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09:30 EDTKKRConsortium wants to securitize $5.3B of debt from GE Capital, Reuters says
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07:25 EDTKKRChinese consortium enters Philips auction, Reuters says
A consortium consisting of Lattice Power, GSR Ventures, and Temasek has placed a last-minute bid in the auction for Philips' (PHG) lighting components business, reports Reuters, citing two sources familiar with the matter. The sources also said the CVC and KKR (KKR) consortium tabled their potentially leading bid. Philips will enter exclusive talks with the winner early next week. Reference Link
March 15, 2015
12:41 EDTKKRGE sells Australia-New Zealand consumer lending unit to consortium
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March 13, 2015
16:03 EDTBASFYWHO decision on BDO positive for Ashland, LyondellBasell, says Credit Suisse
Credit Suisse said it views the World Health Organization's decision for no ban or incremental monitoring on 1,4-Butanediol, or BDO, under the UN Convention on Psychotropic Substances as a positive for producers Ashland (ASH), LyondellBasell (LYB) and BASF (BASFY). The firm has an Outperform rating on Ashland.

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