Bruno&#39;s Supermarkets sold to Dallas investor
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Royal Ahold NV said Thursday it reached an agreement to sell its Bi-Lo and Bruno&#39;s supermarket chains to a Dallas-based private investor for $660 million.
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Luxury car business Aston Martin has been sold to a British-led consortium.
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Dutch retailer Ahold said on Thursday  it had agreed to sell its Bruno's and BI-LO retail chains in  the United States to Lone Star Funds for $660 million, which is  slightly below market expectations.
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Bird&#39;s Custard and Angel Delight have been sold for Â£70m to Premier Foods, the group which owns Ambrosia rice pudding and Rowntree&#39;s jelly.
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By Ja'Rena Lunsford, The Daily Oklahoman  Feb. 9--Triad Hospitals Inc. became the official owner of Deaconess Hospital this week when Butterfield Memorial Foundation sold the remainder of its shares to the Plano, Texas-based company.
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Ahold has agreed to sell its Bruno&#39;s and BI-LO shop units in the United States to Lone Star Funds for $660 million, the Dutch retailer said on Thursday.
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Ahold has agreed to sell its Bruno's and BI-LO shop units in the United States to Lone Star Funds for $660 million, the Dutch retailer said yesterday.
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The rapidly growing asset management company said it had acquired the âfund of fundsâ business of the Quellos Group.
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Jones said the deal is valued at approximately $400 million, including cash consideration of $19 per share to Barneys stockholders totaling $294.
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Lone Star Funds, the buyout firm founded by John Grayken, plans to sell a stake in Korea Exchange Bank for as much as $1.1 billion after its move to divest entirely was derailed last year by a legal dispute. Lone Star is offering 73.1 million shares, or 11.3 percent of Korea Exchange, for 13,150 to 13.750 won ($14.19 to $14.84) a share, according to an e-mail message sent to fund managers by the Credit Suisse Group, the investment bank arranging the sale. Shares in Korea Exchange fell 1.7 percent, to 14,600 won, up 14 percent this year. Lone Star, based in Dallas, has struggled for two years to sell the controlling stake it bought in 2003 as Korean prosecutors contend that the firm purchased the shares at an artificially low price. The sale of part of the Seoul-based bank would allow Lone Star to return money to investors while the case is pending and retain a majority stake.
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Rouse Co., the Baltimore-based real estate investment trust that owns the Mall St. Matthews, is being sold to Chicago-based General Growth Properties Inc. for $7.2 billion, according to a report in the Baltimore Business Journal.
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Bank of Montreal, Canada&#39;s fifth largest bank, said Wednesday it plans to buy privately held Mercantile Bancorp Inc., as well as the stock of Lake Commercial Corp.
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THE deal of the week was made by Knight Frank. It was not a piece of commercial property but a piece of human resource - it has poached Craig Watson from Cushman & Wakefield, Healey & Baker.
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The E. D. Smith Income Fund, a trust that owns a variety of private-label food manufacturing operations, said it planned to sell all of its assets to TreeHouse Foods of the United States in a deal valued at about 217 million Canadian dollars ($203 million). TreeHouse, based in Westchester, Ill., would also assume E. D. Smithâs existing debt and the transaction costs. If the deal goes through, stakeholders should receive up to 9.15 Canadian dollars a unit, subject to a âholdbackâ of 60 Canadian cents a unit to cover certain expenses, the fund said, which could lower the amount received by unit holders. Units of E. D. Smith, which is based in Winona, Ontario, rose 1.23 Canadian dollars, or 17 percent, to 8.57 Canadian dollars on the Toronto Stock Exchange.
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p2pnet.net News:- Elvis may have left the building, but 85% of it now belongs to Robert Sillerman. The founder of SFX Entertainment, now owned by Clear Channel, bought the controlling interest in Elvis Presley
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DCC snaps up firm for â¬12m Fayrewood Plc confirmed yesterday that it had sold French outfit Banque Magnetique SAS to DCC Plc's retail disty subsidiary.â¦
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A hedge fund buys a 9.5% interest in the floundering burger chain.