A New York federal judge dismissed an Ernst & Young unit from a suit over SinoTech Energy Ltd.’s initial public offering, saying the plaintiffs didn’t meet the high bar to show the auditor could have been reckless.
Easterly Government Properties Inc., a real estate investment trust that operates U.S. government-leased properties, set terms for an initial public offering to raise up to $192 million before overallotments, betting on the growth of federal agencies that require increasingly specialized buildings.
Investors of data storage firm Violin Memory Inc. told a California federal judge on Friday that their amended class action alleging the company concealed revenue problems ahead of its $146 million initial public offering in 2013 is sufficiently pled, fighting back at the company’s bid to have the entire suit tossed.
Dutch optical retailer GrandVision BV said Monday it is looking to raise up to €1.1 billion ($1.2 billion) in its initial public offering setting terms for the offering terms two weeks after first announcing its intention to go public.
Packaged foods company Post Holdings Inc. said Monday that it has agreed to buy out rival MOM Brands for $1.15 billion, partly financed with debt and an equity offering, to expand its share of the cereal and health food markets, as it continues a steady acquisition streak.
The U.S. Securities and Exchange Commission will allow high-yield bond issuers to go to market after five days, shortening the tender offer window from 20 days in a move advocates said would simplify refinancing transactions, according to a no-action letter issued Friday.
Hedge fund manager Daniel Shak on Thursday commenced a lawsuit in New York against JPMorgan Chase & Co. accusing the lender of manipulating the silver futures market at the expense of other traders and seeking at least $25 million in damages.
Billionaire Patrick Drahi’s Altice said Friday it will sell €4.63 billion ($5.19 billion) in bonds to fund its €7.4 billion cash acquisition of PT Portugal SGPS SA after the target company’s shareholders approved the deal late Thursday.
Private equity-backed crafts retailer The Michaels Companies Inc. has unveiled a secondary stock offering that could net $508.5 million for selling stockholders, mostly Bain Capital Investors LLC and Blackstone Group LP affiliates, enabling them to snatch gains from soaring shares seven months after going public.
Cloud storage provider Box Inc. splashed on to the market Friday, one of only two initial public offerings in a week swamped with companies setting terms — including 10 life sciences firms, a private equity-backed burger chain and a real estate investment trust — which has laid the groundwork for a busy few weeks in IPO activity.
The Spanish government on Friday approved the initial public offering of the world's largest airport operator, Aena SA, as part of the country's lengthy effort to sell off 49 percent of the state-owned company and raise €3.9 billion ($4.5 billion).
Standard Chartered is looking to become the second foreign bank to sell asset-backed securities in China, while Turkish food group Yildiz Holding is mulling an IPO of its dairy unit.
Israeli pesticide company Adama Agricultural Solutions Ltd. said on Thursday it has resorted to debt capital markets for extra cash, two months after shelving a planned initial public offering in New York, citing market conditions.
Pennsylvania-based carbon materials and chemicals company Koppers Inc. said Thursday that it’s postponing a private offering of $400 million in senior notes due 2020 because of what it described as unfavorable market conditions.
Apollo Global Management LLC kicked off a $10 billion bankruptcy fight for its troubled Caesars Entertainment Corp. just last week, but debt investors are already fighting back in another arena: the debt financing package backing another Apollo buyout.
Three more life science companies set terms for initial public offerings with the U.S. Securities and Exchange Commission Friday, extending last week's streak of biotechnology firms looking for public investors.
The state takeover of Atlantic City, New Jersey’s finances drastically raises the risk of investor losses on $344 million in long-term municipal debt, a ratings agency said Friday while lowering the fallen resort city’s credit profile deeper into junk territory.
In this week's roundup of deal makers on the move, Greenberg Traurig LLP deepened its corporate bench in London and Mexico City, Gibson Dunn landed a capital markets and mergers and acquisitions pro in Singapore and Fenwick & West LLP snatched up a private equity and M&A partner in Shanghai.
Belgian crude oil shipping company Euronav NV launched its upsized initial public offering in the U.S. on Friday after boosting the number of shares it was offering at $12.25 apiece to raise approximately $200 million as aims to expand its fleet.
Entrepreneurs Cameron and Tyler Winklevoss are launching a regulated New York-based bitcoin exchange called Gemini, hoping to legitimize the volatile digital currency for mainstream investors, they said in a Friday announcement on the pending exchange's new website.