Posts Tagged ‘Reuters’

(Reuters) – Blackstone Group (BX.N) and other private equity firms have held informal talks with Citigroup Inc (C.N) over its auto loan unit CitiFinancial Auto, the New York Post said, citing sources. The unit maintains a loan portfolio of about $16 billion, according to the paper. Blackstone and Citigroup could not be immediately reached for comment by Reuters outside regular U.S. business hours. The U.S. government injected $45 ... Full story

(Reuters) – Blackstone Group’s (BX.N) Pinnacle Brands Corp is likely to buy U.S. frozen vegetable company Birds Eye Foods for more than $1.3 billion, the Wall Street Journal said, citing people familiar with the matter. The all-cash deal for Birds Eye, which is majority owned by private equity firm Vestar Capital Partners, will likely be announced as soon as later on Thursday, the people told the ... Full story

NEW YORK (Reuters) – Network security provider Fortinet Inc, whose products integrate firewalls, Web-filtering and spam-filtering, priced shares in its initial public offering above expectations on Tuesday, in the latest sign of the return of venture capital-backed deals. The 12.5 million shares priced at $12.50 according to an underwriter, who declined to be identified, and the IPO ... Full story