Edition:
India

David French

Exclusive: Apollo Global makes offer for France's Coface - sources

19 Jul 2019

Buyout firm Apollo Global Management LLC has approached Coface SA, the credit insurance company partly owned by French bank Natixis SA, with an acquisition offer, people familiar with the matter said on Friday.

Rice group set to take control of EQT board in proxy contest: sources

10 Jul 2019

BOSTON Brothers Toby and Derek Rice are on course to win control of EQT Corp's board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with the matter said on Tuesday.

UPDATE 2-Rice group set to take control of EQT board in proxy contest -sources

10 Jul 2019

BOSTON, July 9 Brothers Toby and Derek Rice are on course to win control of EQT Corp's board of directors two years after having sold their own company, Rice Energy, to the natural gas producer, people familiar with the matter said on Tuesday.

Electric bus maker Proterra hires banks for IPO: sources

03 Jul 2019

Proterra Inc, the U.S. electric bus manufacturer whose investors include car makers Daimler AG and BMW AG , has hired investment banks to prepare for an initial public offering (IPO), according to people familiar with the matter.

Magellan Midstream seeks sale of stake in Longhorn crude pipeline: sources

25 Jun 2019

NEW YORK U.S. pipeline operator Magellan Midstream Partners is exploring the sale of a 35% stake in its Longhorn crude oil pipeline in Texas for as much as $2 billion, four people familiar with the matter said on Tuesday.

Blackstone to sell Lendmark Financial to Lightyear Capital: sources

24 Jun 2019

Blackstone Group LP has agreed to sell U.S. consumer finance company Lendmark Financial Services LLC to fellow private equity firm Lightyear Capital LLC for about $600 million excluding debt, people familiar with the matter said on Monday.

Wall Street takes on long-term care payouts as insurers balk at costs

19 Jun 2019

NEW YORK Some U.S. insurers are turning to Wall Street's financial wizards for relief from the liabilities of their long-term care (LTC) policies, posing a challenge for regulators worried about how new industry players will tackle the risks involved.

Exclusive: Oilfield services firms Keane Group, C&J Energy to merge - sources

17 Jun 2019

NEW YORK Keane Group Inc and C&J Energy Services Inc are set to merge in an all-stock deal that will create a new U.S. oilfield services company worth around $1.5 billion, three people familiar with the matter said on Monday.

Interest dims in Oklahoma shale play as drilling results disappoint

13 Jun 2019

NEW YORK It promised to be the next great shale play, but an oil-and-gas-rich area of central and south Oklahoma has confounded many of the producers lured there, with one of its biggest champions warning that its business may struggle to survive.

Exclusive: Oilfield services firm Patterson-UTI explores split

13 Jun 2019

Patterson-UTI Energy Inc is exploring the potential divestment of its pressure pumping business, a deal that could be worth around $1 billion and break up the U.S. oilfield services firm, people familiar with the matter said on Thursday.

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