Blackstone Said Near Takeover of Dutch Developer Multi
Bloomberg Blackstone Group LP (BX)’s real estate unit is close to completing a restructuring of Multi Corp. that would give it full ownership of the debt-laden European mall developer, said two people with knowledge of the situation. Blackstone, the biggest manager of...
Harbinger’s insurance unit files for $100 mln IPO
Reuters Aug 29 – Fidelity & Guaranty Life, the insurance unit of Harbinger Group Inc, filed with U.S. regulators on Thursday to raise up to $100 million in an initial public offering of its common stock. The Baltimore, Maryland-based company, which offers...
RLPC-Owners seek to merge, then list, Numericable and Completel
Reuters Aug 29 The private equity owners of French cable company Numericable and French telecoms group Completel are seeking to merge the two businesses ahead of a possible listing of the combined operation later this year, banking sources said. Numericable was...
Microsoft in talks to buy stake in start-up Foursquare
SAN FRANCISCO Aug 29 (Reuters) – Microsoft Corp is in talks with social networking company Foursquare about a possible investment, Bloomberg reported on Thursday. The talks are at an advanced stage, but Foursquare is also talking to other potential partners, the...
Pharmstandard to Spin Off Over-the-Counter Business
The new company that is going to take over major drugmaker Pharmstandard’s over-the-counter business will assume the name OTCpharm, a news report said Thursday.