[at The Wall Street Journal] – TPG Sells Ping An Stake For $1.16 Billion Private-equity firm TPG Inc. has sold its remaining stake in Ping An Insurance for $1.16 billion in the latest example of how the U.S. company is reaping profits from its investments in Asia.
[at Reuters] – The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co s proposed initial public offering, the Wall Street Journal said.
[at The Wall Street Journal] – H-P Outguns Dell in Takeover Duel It wasn t the biggest bidding war the tech world has ever seen, but the battle between titans H-P and Dell for a humble maker of data-storage systems certainly qualified as one of the wildest ever.
[at Reuters] – Oil exploration and production company Kosmos, the operator of Ghana s Jubilee oil field, is considering an initial public offering, the Financial Times reported on Friday.
[at The Wall Street Journal] – Avis Raises Dollar Thrifty Bid Avis Budget Group increased the cash portion of its offer for Dollar Thrifty to $40.75 a share, as it battles Hertz for the potential buyout. More from the Deal Journal blog
[at The Wall Street Journal] – AIG Loads Up for Unit s IPO AIG s application to list its main pan-Asian life insurer contained a record 11 bookrunners, a further sign that the company is determined to raise as much money as possible.
[at Reuters] – * SouFun files for IPO, company priced at $810-$845 mln * IPO filed with U.S. SEC, due to be completed by Sep 30 * Telstra still selling 50.5 pct stake to PE
[at TheStreet.com] – Cramer says investors can do a better job of picking stocks than mutual and index funds.
[at Reuters] – Australia s dominant phone provider Telstra Corp said on Friday its Chinese subsidiary SouFun Holdings Ltd had filed for an initial public offering with the U.S. Securities and Exchange Commission.
[at Financial Times] – Statoil STO on Thursday signalled it was pushing ahead with the planned spin-off of its international chain of filling stations as the Norwegian energy group sought to sharpen its focus on oil and gas exploration.
[at Financial Times] – The US private equity owners of Kosmos, the operator of Ghana s large Jubilee oil field, are considering a potential initial public offering of the Texas-based oil exploration company, which would value it at about $5bn.
[at CNBC] – Here s our Fast Money Final Trade, where the traders share their best plays going into Labor Day weekend.
[at Reuters] – * Akerson sends first all-employees missive * Akerson says comes from family of union members * GM must balance IPO pitch with 2011 UAW pact talks
[AP] – Synopsys Inc. said Thursday it has completed its acquisition of rival chip design software provider Virage Logic Corp. for about $315 million in cash.
[at The Wall Street Journal] – Burger King Agrees to Buyout Burger King agreed to be acquired by New York-based private investment firm 3G Capital Management for about $4 billion, including both equity and debt. Deal Journal: Buyout Is No Value Meal Heard: BK Shareholders Land a Whopper Burger King s Latest Pickle Preview: Blackstone Nears Sale of Merlin
[at Reuters] – * Co, selling stockholders to offer 2.9 mln ADSs * Expects pricing between $40.50-$42.50 * Deutsche Bank, Goldman Sachs to underwrite
[Investopedia] – What are the warning signs that a company is struggling – or worse, sinking – financially? Read on to find out.
[at Financial Times] – Eight years ago, when I started writing this column, Facebook was just a twinkle in Mark Zuckerberg s dorm-room eye, Google GOOG was two years away from its initial public offering and the Financial Times s Martin Lukes had yet to discover his BlackBerry.
[Indie Research] – Stocks followed up yesterday s rally with a solid day of gains.
[Reuters] – Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the No. 2 U.S. fast-food chain breathing room to fix its business and close the gap with leader McDonald s Corp.
[AP] – An eastern North Carolina daily newspaper has completed details of its sale to an Alabama-based company. The Washington Daily News announced Thursday that the newly formed Washington Newsmedia LLC, an affiliate of Boone Newspapers Inc., completed purchase of the newspaper from the Futrell family.
[Morningstar] – Plus, Loomis Sayles swipes Wellington managers, and Joel Greenblatt plans Magic Formula funds.
[at Investopedia] – The worlds love affair with American food is growing rapidly. Thats good news for Heinz.
[AP] – An IPO research firm says it has been told General Motors plans to start trading shares on Nov. 18. IPO Boutique, a firm that researches initial public offerings, says the automaker wants to start a road show to drum up interest from investors on Nov. 3, the day after the midterm congressional elections.
[at The Wall Street Journal] – Garuda Taps UBS, Citigroup for IPO Airline company PT Garuda Indonesia has appointed UBS and Citigroup as international underwriters for its initial public offering, scheduled for later this year.
