Private Capital
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REFILE-UPDATE 2-Icahn buys Chesapeake stake, seeks board changes
May 25 - Billionaire investor Carl Icahn revealed he had bought a 7.6 percent stake in Chesapeake Energy Corp and called for the natural gas producer to replace at least four directors, saying the board has failed "in a dramatic fashion" in its oversight of management.
Icahn reports 7.6 pct Chesapeake stake, seeks to replace 4 directors
May 25 - Activist investor Carl Icahn reported a 7.6 percent stake in oil and gas company Chesapeake Energy Corp , and asked for at least four members of its board to be replaced.
Deals of the day -- mergers and acquisitions
May 25 - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday:
US IRS preps for potential private equity tax hike
WASHINGTON, May 25 - U.S. tax regulators are preparing for a potential tax hike on profits earned by private equity managers such as Republican presidential candidate Mitt Romney known as "carried interest," to be ready if the issue flares up in coming months.
UPDATE 1-Sale of German cable firm Primacom launches -sources
* Kabel Deutschland CEO says will not take part in bidding
RLPC-PAI withdraws from Iglo race -sources
LONDON, May 25 - Private equity firm PAI Partners has pulled out of the race to buy Iglo Group, Europe's biggest frozen food company, leaving Blackstone and BC Partners as frontrunners for a company that could fetch 3 billion euros ($3.75 billion), banking sources said on Friday.
UPDATE 3-Germany's Evonik to brave jittery IPO market
FRANKFURT, May 25 - German chemicals firm Evonik is pressing ahead with plans to list in Frankfurt, unfazed by the euro zone debt crisis and the debacle over Facebook's market debut, in what could be Europe's largest initial public offering in more than a year.
RLPC-Cinven's Camaieu seeks debt changes -sources
LONDON, May 25 - Private equity owned French clothing retailer Camaieu has asked lenders to amend roughly 1.2 billion euros ($1.5 billion) of loans to avoid breaching a covenant after a winter of weak consumer spending, banking sources said on Friday.
Motor racing-Brabeck installed as F1 chair
MONACO, May 25 - Formula One motor racing has installed Nestle's Peter Brabeck as its chairman following a board meeting at the Monaco Grand Prix on Friday, Brabeck told Reuters.
UPDATE 1-Dell in talks to buy Quest Software - report
May 25 - Dell Inc is in talks to buy Quest Software Inc, the network security software maker that had earlier agreed to be acquired by Insight Venture Partners for $2 billion, Bloomberg reported, quoting sources.
Early-stage VC funds Kae Capital & YourNest Angel Fund join VentureNursery
VentureNursery, an angel-backed startup accelerator launched in March this year, has announced that two of India's early-stage venture funds - Mumbai-based Kae Capital and Delhi-based YourNest Angel Fund have joined its Charter Angels programme.
Under pressure, govt to review steep petrol hike
NEW DELHI - India's coalition government opened the way for a partial rollback of the steepest petrol hike in the country's history after two days of street protests and dissent from within its own ranks over the unpopular measure.
- Under pressure, govt to review steep petrol hike
- Spain region, Greek exit warnings rattle euro zone
- Citi unit lost $20 mln in Facebook IPO - source
- ITC profit rises 26 pct as price hikes aid
- S&P cuts ratings on five Spanish banks
- Rupee posts eighth weekly drop; RBI intervenes
- Stocks, euro fall on fears of Greek euro exit
- BSE Sensex ends flat; outlook still weak
- Suzlon eyes up to $200 mln from asset sales in FY13
- Essar's Ravi Ruia, Loop execs get bail in 2G case
India Indices
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