Gucci owner gets reins of Puma with $7.3b bid
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PPR SA, the French owner of the Gucci luxury brand, said a $7.3 billion bid for German sporting goods maker Puma AG succeeded after almost two-thirds of investors accepted its offer.
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Gucci Group, the luxury goods division of French retailer Pinault-Printemps-Redoute SA, on Monday appointed Mark Lee, an American, as president and managing director of its star Gucci brand.
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Computer retailer CDW Corp.  on Tuesday said it agreed to be bought by Madison Dearborn Partners LLC for $7.3 billion, after its shares rose on an earlier report that it was in takeover talks.
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The sale, for $1.76 billion in cash, is the final step in American Standardâs plan to split into three companies.
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Italian luxury group Gucci said Mark Lee would become managing director of the Gucci brand, moving from heading Yves Saint Laurent, in the latest management reshuffle at the turbulent fashion house.
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Gucci Group unveiled a strategic review on Tuesday that will leave the structure of the world's third-largest luxury house intact and could see the Gucci brand double in size in the next seven years.
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A consortium including Mandrakesoft, the Paris-based Linux seller that recently exited bankruptcy protection, has won a three-year contract worth â¬7m to improve Linux security.
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$500 million goes into the buyback kitty.
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he Rouse Company, the mall developer and manager that has helped reshape the nation&#39;s landscape, agreed yesterday to be acquired by General Growth Properties, the big owner of shopping centers, for $7.
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The $3.7 billion deal will form the Nasdaq OMX Group which will list more than 4,000 companies with a combined market value of $5.5 trillion.
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LONDON (CBS.MW) -- Malcolm Glazer, the Tampa Bay Buccaneers owner, has upped his stake in UK soccer organization Manchester United (UK:MNU) to 28.
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MULTIPLEX Group yesterday announced a $1.33 billion friendly takeover of Ronin Property Group and kicked off the process with the $207 million purchase of a substantial stake in the target from its major stakeholder.
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United Technologies Corp., which wants to buy Kidde Plc to add fire equipment to its Chubb security unit&#39;s offerings, raised its bid for the company by about 3 percent to 1.38 billion pounds ($2.67 billion), Kidde said.
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JPMorgan is said to be arranging an auction.
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The Rouse Company, the mall developer that has reshaped the nation's landscape, agreed to be acquired by General Growth Properties for $7.2 billion in cash.
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New Delhi: In one of the largest deals in the $3.6 billion Indian BPO industry, US-based conglomerate GE announced it will sell 60 per cent stake in its Gurgaon-based BPO arm, GECIS, to private equity firms General Atlantic Partners and Oak Hill Capital
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The Central Parking Corporation accepted a takeover bid of about $733 million from a private equity consortium led by Kohlberg & Company.