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Examples
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U.K. waste-disposal company Biffa plunged 6.1% after the company said several private-equity firms have dropped out of the race to acquire it.
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The partial success related to Alliance Boots follows other recent positive signs: the completion of leveraged financing backing the buyouts of U.K. waste management company Biffa, helicopter-services group CHC Helicopter Corp. and oil-services firm Abbot Group.
New Funds Emerge to Buy Jennifer Bollen and Duncan Kerr 2008
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Also Friday, a bidding war for U.K. waste-management firm Biffa appeared increasingly likely.
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Food, History, Football, Local Politics, Culture ... - you name it Biffa/Lorenzo's got it.
Archive 2007-03-25 2007
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Shares of waste management firm Biffa jumped over 6% to 338.75 pence after it said that it has agreed to grant Montagu Private Equity and Hg Pooled Management access to company information to allow them to complete confirmatory due diligence.
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The firms proposed an offer of 350 pence a share for Biffa on Dec. 7.
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Shares of waste-management firm Biffa jumped 6.5% in London after it agreed to grant Montagu Private Equity and Hg Pooled Management access to company information to allow them to complete confirmatory due diligence.
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"We are all feeling devastated for Biffa because we have got some big games coming up and he's been working really hard," said Rhinos coach Brian McClennan.
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Other companies involved were software firm Misys, industrial materials group Morgan Crucible, travel group Laidlaw International, waste manager Biffa, drilling operator Abbot Group, oil and gas group Premier Oil, professional services company Vega Group, radio group GCap Media, fabric group Fiberweb, food services group Enodis and telecoms firm Thus Group.
Yahoo! News: Latest news headlines News Headlines | Top Stories 2010
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Officials at GCap, Biffa, Firstgroup, which now owns Laidlaw, Cable and Wireless, which now owns Thus, and Fiberweb were not immediately available for comment.
Yahoo! News: Latest news headlines News Headlines | Top Stories 2010
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