Maersk Oil Streamlines Business in Preparation for Possible Merger

Maersk Oil, the oil and gas unit of Danish transportation and energy conglomerate A.P. Moller-Maersk Group, will cease all its exploration activities and is laying off a significant amount of the workforce, a source familiar with the situation told CTFN. The source said that the company, which has been hit by the drop in container … Read Morefeatured

Logicworks for Sale

Logicworks, a privately-held cloud managed services provider in New York, is for sale and is being advised by William Blair, saidfeatured

Cloudera Said to be Raising Capital

With additional reporting by Rachel Rigby – Cloudera Inc., the privately-held Hadoop software company, is said to be raising money again, according to a sector banker and a venture capital investor.featured

William Hill and Amaya Deal Still Weeks Away

The decision on a merger of equals of William Hill and Amaya will take a matter of weeks rather than months, according to a source familiar with the situation. Talks were confirmed by the companies on October 8. News reports have said that a definitive deal could be announced in thefeatured

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Hortonworks Presumed to be Talking to Buyers   

Hortonworks, a provider of Hadoop storage software, is presumed to be talking to prospective buyers, said a half dozen industry sources. Its financial advisors are “the same as on its IPO,” two sources heard.  No deal seems to be imminent, said one source, butfeatured

New York REIT Headed for Liquidation or Sale

A sale of New York REIT remains a possibility, a number of industry experts told CTFN. New York REIT shares are down 21% this year and management and the board are pursuing a liquidation after activistfeatured

Sources Predict Mitel and ShoreTel will Resume M&A Negotiations

Sources predict Mitel Networks will make another run at ShoreTel, even though the CEO of the Canadian unified communications products maker, Richard McBee, has indicated otherwise, said two sector bankers and a sector executive. The reasons that prompted Mitel to make a hostile bid for ShoreTel in 2014 remain, they said. Mid-sized enterprise equipmentfeatured

Avaya Hard Pressed to Divest Assets, Sell or IPO

Avaya, the privately held enterprise network equipment maker owned by Silver Lake Partners and TPG Capital, cannot easily divest assets, sell, or IPO, three sector bankers and an executive told CTFN. The company’s $6 billion long-term debt, lack of equity value, and products in the throes of displacement by cloud vendors makefeatured

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Coty and Procter & Gamble Move towards Finalizing Exchange Offer

Updated with comment from S&P – With additional reporting by Stephen Velgot – Coty, Inc. is close to completing its July 2015 announced deal to buy 43 of Procter & Gamble Co.’s beauty brands for about $12.5 billion in a Reverse Morris Trust transaction. P&G is offering its shareholders the ability to exchange their P&G … Read Morefeatured

Datapipe Considering Sale Process This Year

Datapipe, the privately-held managed hosting company in New Jersey, is considering launching a sale process by the end of the year, a source familiar with the matter and a sector banker told CTFN. The company wants to explore a sale soon, despite having just announced the acquisition of Adapt in the UK, because valuationsfeatured

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