Thoratec Corp. has replaced CEO Gary Burbach with the man who previously led the company for a decade. New president and CEO Keith Grossman served in those roles at the Pleasanton, CA–based company from 1996 to 2006, when Burbach ...
US-based natural spring water bottler Nirvana is suing Nestlé Waters North America for violating a non-disclosure agreement (NDA) and resorting to anti-competitive practices. Nestle signed the agreement with Nirvana in 2012 after ...
Lululemon Athletica inc. Founder Dennis J. (Chip) Wilson has agreed to sell half his shares in the apparel maker equal to a 13.85 percent stake of the company to Advent International for approximately $845 million. The transaction has ...
Tags: Lululemon, Shares, Sporting Goods
US-based Chiquita Brands International has confirmed that it has received an unsolicited offer from Cutrale Group and Safra Group to acquire all of the outstanding common stock of the company at a price of $13 per share in cash. The offer ...
Saxco International, a portfolio company of Texas-based middle market equity firm The Sterling Group, has completed the acquisition of packaging and printing company Square Peg Packaging and Printing. Square Peg designs and supplies a ...
Tags: Saxco, Square Peg, Printing
Dubai International Capital (DIC) has signed a $1.7bn (£1bn) agreement for the sale of Germany-based packaging group Mauser to private equity firm Clayton Dubilier & Rice (CD&R) Mauser, global producer of rigid industrial packaging ...
Worldwide PC shipments totalled 76.6 million units in the first quarter of 2014, a 1.7 percent decline from the first quarter of 2013, according to preliminary results by Gartner. The severity of the decline eased compared with the past ...
Tags: Computer Products, IT, PC
Lenovo is leading the world PC market with solid growth in shipments across the first quarter of the year, according to Gartner. All of the top five vendors, except Acer, registered year-on-year shipment growth, with the top three vendors ...
Tags: Computer Products, Lenovo, PC Market, PC
Warsaw, IN–based medical device manufacturer Biomet Inc. announced on March 7 that it had filed with the Securities and Exchange Commission (SEC) for a proposed an initial public offering of common stock. The announcement states ...
Asset management and investment group Alcentra has completed unitranche investment in the plastic packaging division of France-based Chesapeake. The investment will provide capital to increase business in areas of high agricultural ...
Fieldwood Energy LLC ("Fieldwood") announced today the acquisition of entities comprising SandRidge Energy, Inc.'s ("SandRidge") Gulf of Mexico and Gulf Coast business unit for $750 million, based on an effective date of December 1, 2013 ...
Tags: Fieldwood, acquisition, SandRidge, Gulf of Mexico, Gulf Coast, Riverstone
Crocs, Inc. announced that Blackstone Group LP is making a $200 million investment that will give the private equity firm a 13 percent stake in the shoe company. Crocs also said late on Sunday that John McCarvel, its CEO, plans to retire in ...
Tags: Crocs, Blackstone Group LP, investment, John McCarvel, retirement
Dell customers have given a mixed reception to its recent privatisation deal, causing some to re-evaluate their future relationship with the vendor. Dell became a private company in October as part of a $25 billion buyout deal, after a ...
Tags: Dell, Privatisation
The move will see managing director Joanne Varey become majority shareholder while Stephen Bentley, who acquired Granby from the Omnicom Corporation, will become chairman and remain a minority shareholder. Craig Parsons, IT director at ...
Tags: Granby, Management Buyout
2 Sisters’ plan to axe 200 jobs at its Coupar Angus chicken processing plant in Perth and Kinross would be “absolutely devastating”, warns the Unite union. News of 2 Sisters' 200 job cuts was received with disbelief and ...
Tags: 2 Sisters, job, cut, plan, devastating