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Stock Market & Financial Investment News

News For DTEGY;KKR;FTE;BX From The Last 14 Days
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June 23, 2015
10:19 EDTBXReno shoe chain hires bankers to explore sale, Reuters reports
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10:00 EDTDTEGYOn The Fly: Analyst Upgrade Summary
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09:03 EDTKKR3M to buy Capital Safety from KKR in deal valued at $2.5B
3M (MMM) announced it has entered into a definitive agreement to acquire Capital Safety from KKR (KKR) for a total enterprise value of $2.5B, including the assumption of approximately $700M of debt, net of cash acquired. The business employs approximately 1,500 people worldwide and is headquartered in Bloomington, Minnesota. On a GAAP reported basis, 3M estimates the acquisition to be 4c dilutive to earnings in the first 12 months following completion of the transaction. Excluding purchase accounting adjustments and anticipated one-time expenses related to the transaction and integration, 3M estimates the acquisition to be 12c accretive to earnings over the same period. The transaction is expected to close in the third quarter, subject to customary closing conditions and regulatory approvals. 3M will finance the transaction with existing cash, a portion of which will come from outside the U.S.
08:45 EDTKKRKKR toa cquire C.H.I. Overhead Doors from FFL, terms not disclosed
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05:29 EDTDTEGYDeutsche Telekom upgraded to Buy from Neutral at Nomura
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June 22, 2015
15:04 EDTDTEGYT-Mobile could abandon DISH for Comcast, Forbes contributor says
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08:15 EDTKKRKKR announces strategic investment in Tarena
KKR (KKR) announced a strategic investment into Tarena International (TEDU), a provider of professional education services in China. In this transaction, KKR and Shaoyun Han, founder, Chairman and CEO of Tarena, had entered into definitive agreements to purchase an aggregate of $90.5M of ordinary shares in the company from existing pre-IPO shareholders, which are funds managed by affiliates of Goldman Sachs and IDG Technology Venture Investments, LLC. Pursuant to these agreements, KKR has agreed to purchase 6,826,263 Class A ordinary shares, representing an approximately 13% stake in the company, from the selling shareholders for a total purchase price of $70M. Han has agreed to purchase 2,000,000 Class A ordinary shares, representing an approximately 3.8% stake in the company, from the selling shareholders for a total purchase price of $20.5M, in private transactions. Han intends to fund the purchase through the issuance of a convertible bond to KKR, issued by an entity wholly owned by Han. The share purchase and sale transactions are expected to close in July, subject to customary closing conditions. KKR’s investment is through its China Growth Fund. Further details of the transaction are not disclosed.
08:06 EDTKKRTarena announces investment from KKR and Tarena CEO Shaoyun Han
Tarena (TEDU) announced that KKR (KKR) and Shaoyun Han, founder, chairman and CEO of Tarena, had entered into definitive agreements to purchase an aggregate of $90.5M of ordinary shares in the Company from existing pre-IPO shareholders, which are funds managed by affiliates of Goldman Sachs and IDG Technology Venture Investments, LLC. Pursuant to these agreements, KKR has agreed to purchase 6,826,263 Class A ordinary shares, representing an approximately 13% stake in the Company, from the selling shareholders for $70M, and Shaoyun Han has agreed to purchase 2,000,000 Class A ordinary shares, representing an approximately 3.8% stake in the company, from the selling shareholders for $20.5M, in private transactions. Mr. Han intends to fund the purchase through the issuance by an entity wholly owned by Han of a convertible bond to KKR.
08:02 EDTKKRTransphorm announces new $70M investment led by KKR
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June 18, 2015
11:02 EDTBXBlackstone company Onyx establishes strategic alliance with Corvias
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June 17, 2015
19:12 EDTDTEGYAnalyst asked to only look at benefits of BT-EE merger, Daily Mail says
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17:40 EDTDTEGYComcast 'isn't interested' in T-Mobile, Washington Post says
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16:22 EDTDTEGYBT, EE CEOs say proposed merger will create 'continued investment' for U.K.
BT Group (BT) issued a press release saying that its proposed acquisition of EE -- a joint venture between Deutsche Telekom (DTEGY) and Orange (ORAN) -- will create a "true U.K. digital champion... who is both willing and able to invest in ultrafast broadband and 5G," according to BT CEO Gavin Patterson. EE CEO Olaf Swantee also added commentary on the deal, saying it "would result in continued investment" for Britain. Patterson remarked that "other companies operating in the U.K. would be able to benefit and compete through highly regulated, equal access to Openreach’s network, and wholesale access to the EE mobile network." Openreach is a division of BT. "The deal would provide customers with greater choice and value as the integrated company would be in a better position to offer bundled services," added Patterson.
15:04 EDTBXGE Capital Real Estate closes nearly $10B in deals towards exit
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11:25 EDTBXBlackstone and Multi acquire Palmanova Outlet Village and AVM in Italy
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10:22 EDTDTEGYComcast not interested in pursuing T-Mobile, DJ says
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10:13 EDTDTEGYDeutsche Telekom shopping T-Mobile to Comcast, FT reports
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07:26 EDTDTEGYDeutsche Telekom, Comcast in talks over possible T-Mobile sale, Reuters says
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June 16, 2015
13:28 EDTBXBlackstone, Carlyle may jointly bid to buy NCR for over $10B, Reuters reports
According to sources, Blackstone (BX) and Carlyle Group (CG) are planning to jointly bid for NCR Corp (NCR) in a deal that could be worth over $10B, including debt, Reuters reports. The sources say that Apollo (APO) and other buyout firms are also interested in NCR, but that the auction is still "several weeks away from completion." Reference Link
13:15 EDTBXBlackstone, Carlyle may jointly bid to buy NCR for over $10B, Reuters reports
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