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Stock Market & Financial Investment News

News Breaks
March 19, 2013
13:49 EDTDHR, KKR, TMO, LIFERoche joins bidding for Life Technologies, Reuters reports
Roche (RHHBY) has hired bankers to explore a potential bid Life Technologies (LIFE), while private equity firms KKR (KKR) and Hellman & Friedman are exploring a joint bid for the biomedical laboratory equipment maker, Reuters reports, citing people familiar with the matter. Reuters previously reported that Thermo Fisher (TMO) and Danaher (DHR) are also weighing bids for Life, which are due in early April. Shares of Life Technologies rallied 2%, or $1.33, to $64.25 following Reuters' report. Reference Link
News For LIFE;KKR;DHR;TMO From The Last 14 Days
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June 29, 2015
10:58 EDTKKRKKR to pay $30M to settle SEC charges of misallocating broken deal expenses
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June 26, 2015
16:00 EDTDHROptions Update; June 26, 2015
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12:32 EDTDHRDanaher July options active
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10:04 EDTDHR:High option volume stocks
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07:28 EDTKKRKKR-backed Coffee Day plans $181M IPO in India, Bloomberg reports
Coffee Day Enterprises, which includes KKR (KKR) among its investors, plans to raise as much as $181M from an initial share sale in India, Bloomberg reports. Kotak Mahindra Capital, Citi (C), and Morgan Stanley (MS) are among the managers to the planned sale, the report says. Reference Link
June 25, 2015
16:50 EDTDHRDanaher amends, extends split-off exchange offer with NetScout
Danaher (DHR) announced that it has amended and extended by one business day its offer to exchange all outstanding common units of Potomac Holding LLC, a Danaher subsidiary formed to hold Danaher's Communications business, for outstanding shares of Danaher common stock that are validly tendered and not validly withdrawn. The split-off transaction is in connection with the previously announced combination of Danaher's Communications business with NetScout Systems (NTCT). Danaher is amending the offer by: increasing the upper limit on the exchange ratio to 2.4000 Potomac Holding LLC common units per share of Danaher common stock tendered from 2.2522 Potomac Holding LLC common units per share of Danaher common stock tendered; however, the final exchange ratio may be less than the upper limit; extending the Exchange Offer's expiration to 12:00 midnight, New York City time, on July 9, unless extended or terminated, from July 8; and amending the current expected three-day period over which the final exchange ratio will be determined to July 7, 8 and 9, (which previously was expected to be July 6, 7 and 8). The final exchange ratio will be announced by press release by 4:30 p.m., New York City time, on the expiration date. As of June 24, approximately 38,458 shares of Danaher common stock have been tendered.
11:41 EDTDHRNetScout shareholders approve proposal to acquire Danaher business
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09:28 EDTTMOThermo Fisher agrees to acquire Alfa Aesar for GBP256M
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07:48 EDTKKRMorgan Stanley disregards Fed guidelines with $1B loan, NY Post reports
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June 23, 2015
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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June 22, 2015
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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