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Stock Market & Financial Investment News

News Breaks
July 14, 2014
14:58 EDTKKR, VOD, TEFKKR mulls sale of German telco Versatel, WSJ says
Private equity firm KKR (KKR) is thinking about selling its German telecommunications company Versatel GmbH, says the Wall Street Journal. If a sale process is initiated it may open the door to bids from UK's Vodafone (VOD) or potentially Telefůnica (TEF), added the Wall Street Journal. Reference Link
News For KKR;VOD;TEF From The Last 14 Days
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August 29, 2014
09:10 EDTKKRKKR in deal to be among largest Education Management stakeholders, NY Post says
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08:04 EDTTEFTelefonica sees closing deal for GVT by mid-2015
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August 28, 2014
15:13 EDTTEFTelecom Italia says proceeding with Brazil plans after Vivendi decision
Telecom Italia (TI) noted the decision by the Supervisory Board of Vivendi (VIVHY) to enter into exclusive negotiations with Telefonica (TEF) in relation to the sale of GVT. "From the start Telecom Italia has made it clear that it would take a disciplined approach to its strategy in Brazil, in order to maximize the value for all its shareholders. The company continues to pursue its development and investment plans in the country in line with the Groupís 2014-2016 Business Plan, leveraging on TIM Brasilís strong position in the market," Telecom Italia stated.
09:09 EDTTEFVivendi confirms exclusive talks with Telefonica to acquire GVT
Vivendi (VIVHY), as previously disclosed, received binding offers from Telefonica (TEF) on August 4 and 28 and Telecom Italia (TI) on August 28 to acquire GVT. "In the light of the Groupís strategy and in the best interests of its shareholders, the Supervisory Board decided to enter into exclusive negotiations with Telefonica while emphasizing the relevance and quality of the Telecom Italia offer. The divestment from GVT would allow selling the last telecom company wholly-owned by Vivendi after the disposals of Maroc Telecom and SFR. Telefonicaís offer is considered particularly attractive, generating a capital gain of more than EUR 3B. The other conditions of the offer, limiting to a strict minimum the risk of executing the operation as well as Vivendiís commitments after the sale, are totally in line with Vivendiís objectives. The agreement between Telefonica and Vivendi would allow the development of joint projects in ​​content and media. In addition, if it so wish, Vivendi could become a shareholder in Telecom Italia by exchanging its Brazilian shares for Italian ones. The Telefonica offer best meets the Groupís strategic and financial objectives," Vivendi stated.
07:08 EDTKKRKKR gains over 90% of WMF share capital, Reuters says
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06:23 EDTTEFTelefonica submits new offer for Vivendi GVT unit
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06:10 EDTTEFTelecom Italia revises offer for Vivendi's GVT to EUR7B
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05:28 EDTKKRKKR, Borealis Maritime acquires nine ships from Commerzbank
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August 27, 2014
09:38 EDTTEFTelefonica to contemplate improving GVT offer, WSJ says
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August 26, 2014
15:52 EDTTEFTelecom Italia to offer Vivendi $9.2B for GVT unit, Reuters says
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08:18 EDTKKRKKR to take 18% stake in Fujian Sunner Development
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06:36 EDTTEFTelefonica board mulls increasing GVT offer, Bloomberg says
Telefonica's (TEF) board is aiming to talk about increasing its bid for Vivendi's (VIVHY) GVT division, and could potentially value the business at nearly $10.6B, according to Bloomberg, citing a person with knowledge of the matter. The source noted that the raised offer might be presented prior to Vivendi's upcoming board meeting in two days and before Telecom Italia (TI) finalizes a competitive bid. Reference Link
August 24, 2014
21:23 EDTKKRLender group set to offer EDMC revised debt package, NY Post says
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August 22, 2014
10:15 EDTVODVodafone rallies amid reports of AT&T takeover bid, FT says
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07:11 EDTVODAT&T may mount bid GBP3 per share bid for Vodafone, Daily Mail reports
AT&T (T) is working on a cash bid worth over GBP3 per share for Vodafone (VOD), according to the Daily Mail. The publication says China Mobile (CHL) may be interested in taking a stake in Vodafone of up to 20%. Reference Link
August 20, 2014
11:44 EDTKKRMylan completes second bidding round for GSK prescription portfolio, WSJ says
Mylan (MYL), TPG Capital, Advent International, KKR (KKR), Warburg Pincus and a few Indian prescription manufacturers have completed the second round of bidding for GlaxoSmith Kline's (GSK) portfolio of mature medications, according to The Wall Street Journal, citing people familiar with the sales process. GSK noted that it aims to sell a portfolio of drug brands in the U.S. and EU with yearly sales of approximately $1.66B. Reference Link
05:20 EDTVODEricsson to upgrade Vodafone Australia network
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August 19, 2014
10:39 EDTKKRKKR hires Rothschild for sale of Northgate's public sector unit, Reuters says
KKR has engaged Rothschild to arrange for the sale of the public sector division of its software firm Northgate Information Solutions which may fetch around $600M, says Reuters. Reference Link
August 18, 2014
13:32 EDTTEFTelefonica adds content deal in bid for Vivendi GVT unit, Reuters says
Telefonica (TEF) has added to its bid for Vivendi's (VIVHY) Brazilian broadband telecoms business, GVT, by offering Vivendi a television content-sharing deal, says Reuters. The content-sharing deal offered by Telefonica brings its total offer to approximately $9.4B which is in-line with what Telecom Italia (TI) may counter bid for GVT, added Reuters. Reference Link
06:06 EDTKKRKKR, Abacus to acquire 70% of World Trade Center, Melbourne
Abacus Property Group and KKR have entered into definitive transaction documents to acquire a 70% interest in Towers 2, 3 and 4 of the World Trade Center, Melbourne. The vendor, Asset 1 WTC, will retain a 30% co-ownership interest. The total consideration for the acquisition of the 70% interest is $120.4M, excluding transaction costs, and represents an initial yield of 9.3% per annum. The property is a part of the Northbank precinct adjacent to the central business district. Under the terms of the venture, KKR will fund 75% of the equity and Abacus will fund the remaining 25%. Abacus will provide local property, asset and development management services to WTC. The transaction is subject to FIRB approval and finalisation of the senior bank facility, which is well advanced. Settlement is anticipated to occur in October this year. Reference Link

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