Datapipe Said to Have Launched Sale Process

Datapipe, a privately held hosted managed services company in Jersey City, New Jersey, launched its sale, said two sector bankers. The first banker said he heard Barclays was advising Datapipe in an early stage process that started in January. “Teasers are out,” he said.featured

Siris Capital Could Find Mitel Attractive

Private equity firm Siris Capital could find Mitel Networks to be an attractive M&A candidate following its acquisition of Polycom, said two sector bankers and a market analyst. The samefeatured

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

Rackspace is Worth More Private than Public

Rackspace has a dilemma. If it were private, it would be worth twice as much money, three sources said. “I can’t believe how low it trades,” said a sector banker.featured

Bankers Advising William Hill Skeptical of Improved 888 Rank Offer

Bankers advising William Hill are skeptical that 888 and Rank will bid again with a better offer by the end of this week.featured

Lightower Fiber Networks Exploring a Sale

Lightower Fiber Networks, a privately held fiber network carrier in Massachusetts, is exploring a sale, two sources said. Level 3 is rumored to be among possible buyers, and Zayo Group, a Lightower competitor in Colorado, could also be looking at it,featured

Walgreens Working Constructively with FTC

A legal source familiar with the Rite Aid-Walgreens merger told CTFN that the parties and the Federal Trade Commission are “working constructively” together, but that there are still “a lot of i’s to be dotted and t’s to be crossed,” to complete the review. The source called the deal, “big and complex,” though not overly … Read Morefeatured

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Nuclear License Transfer for Talen/Riverstone Deal Straightforward

Riverstone Holdings’ $1.8 billion deal to take Talen Energy Corp. private will not require a vote of the Nuclear Regulatory Commission since the deal involves an indirect license transfer to continue operating Talen’s Susquehanna nuclear power plant in northeastern Pennsylvania, CTFN has learned. NRC guidelines state that in such circumstances the Director of the Office … Read Morefeatured

PBM Concerns Downplayed by Sources in Rite Aid/Walgreens Merger

With additional reporting by Stephen Velgot – A spate of antitrust attorneys and consultants to corporate benefit plans that CTFN has spoken to unanimously downplayed the likelihood that the Federal Trade Commission will see an issue for pharmacy benefit managers in the proposed combination of Rite Aid and Walgreens. A seasoned antitrust attorney with knowledge … Read Morefeatured

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As Many as a Dozen Private Equity Firms Pursuing Walgreens-Rite Aid Divestitures

Private equity firms have risen to the top of the list of parties keenly vying for the stores Walgreens and Rite Aid will likely need to shed in order to get Federal Trade Commission approval for the October 2015 announced $17.2 billion deal, industry andfeatured

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