bid

Retail Asia21/10/2021

PayPal has made an offer to buy digital pinboard site Pinterest for US$45-billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups between fintech and social media companies in e-ecommerce. The per-share price would represent a 26% premium to Pinterest’s closing price of $55.58 on Tuesday. PayPal plans to finance […]

Retail Asia01/03/2019

US investment company Flacks is considering making a bid for Malaysian-owned, British fashion retailer Laura Ashley. The firm is in the “very preliminary stages” of a takeover bid for the brand. Any possible takeover offer will be limited to 2.748p in cash per share, resulting in an overall valuation for the retailer at around £20 […]

Retail Asia13/02/2019

Sears Holdings chair Edward Lampert’s US$5.2 billion bid to save 425 Sears and Kmart stores and roughly 45,000 jobs from liquidation was approved by a US bankruptcy court judge last week. Lampert’s bid, which he made through his hedge fund ESL Investments Inc., was approved by Judge Robert Drain after a hearing spanning several days in […]

Retail Asia22/01/2019

Bankrupt US retailer Sears has been saved from liquidation following a successful, last-minute US$5.2 billion bid by chairman Eddie Lampert, subject to court approval. The acquisition includes substantially all of the company’s assets as an on-going concern and preserves the positions of 45,000 employees. “We are pleased to have reached a deal that would provide a […]

Retail Asia14/06/2016

Singapore’s Consistel is reportedly pulling ahead of MyRepublic in the race to secure funding to make a play to become the market’s fourth mobile operator. Consistel has so far lined up at least S$400 million ($293.8 million) worth of the S$1 billion in funding it plans to raise ahead of a planned spectrum auction in […]

Retail Asia24/03/2016

dhl_ups_bid_for_south_koreas_logen_logistics_wide_image.jpg

Deutsche Post DHL Group and UPS are reportedly among the companies which have submitted preliminary offers for South Korean package delivery firm Logen Logistics. According to a report today, Affinity Equity Partners, CVC Capital Partners and STIC Investment were also among the bidders. Logen is currently wholly owned by Hong Kong-based Baring Private Equity Asia, […]

Tag: bid

PayPal preparing US$45 billion bid for Pinterest

Takeover bid lodged for struggling Laura Ashley

Sears gets away from bankruptcy

Sears saved by chairman’s last minute $5.2 billion bid

Consistel said to pull ahead in Singapore telco bid

DHL, UPS Bid for South Korea’s Logen Logistics