MetLife puts British bulk annuity business up for sale
MetLife Inc , the largest U.S. life insurer, has put its British bulk annuity business, MetLife Assurance Ltd, up for sale and has hired investment bankers from Citibank to run an auction for the unit, a person familiar with the matter said.
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citibank
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metlife
Found more than 1 month ago on channel
Reuters
Hostess picks lead bidder for famed Twinkies
Bankrupt company says joint, $410M offer from two investment firms is best so far, but auction process could produce better one
auction
hostess
investment
twinkies
Found more than 1 month ago on channel
CBS
Hostess Set to Announce Bidder for Twinkies
(NEW YORK) — The indestructible Twinkie appears to be one step closer to a comeback. Hostess Brands is close to announcing that it has picked two investment firms — C. Dean Metropoulos & Co. and Apollo Global Management — as the lead bidders for its Twinkies and other snack cakes, according to a source close to the situation who was not authorized to comment publicly on the talks. (MORE: PBR Owner Making a Bid for Twinkies) The joint “stalking horse” bid would set the floor for an auction process that lets competitors make better offers. A judge would have to approve any final sale. After years of management turmoil and turnover, Hostess declared it was going out of business and selling its brands in November. The company, based in Irving, Texas, has already announced separate lead bidders for other its brands. McKee Foods, which makes Little Debbie snack cakes, was picked as for Drake’s cakes, which include Devil Dogs, Funny Bones and Yodels. Flowers Foods, which makes Tastykakes ...
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management
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york
China's Wanxiang wins auction for U.S. government-backed A123
WILMINGTON, Delaware - China's largest maker of auto parts won a politically sensitive auction for A123 Systems Inc , a bankrupt maker of batteries for electric cars that was funded partly with U.S. government money, the investment banker for A123 said on Saturday.
auction
china
delaware
government
investment
systems
wanxiang
wilmington
Found more than 1 month ago on channel
Reuters
Ministers To Fire Starting Gun On MoD Auction
Appointment of investment bankers to sell Defence Support Group will continue privatisation of military equipment suppliers.
appointment
auction
defence
equipment
group
investment
mod
privatisation
Found more than 1 month ago on channel
Sky News