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Rent-A-Center, Vintage Capital sign standstill deal amid buyout talks

Vintage Capital made a new, but lowered $693 million offer to buy Rent-A-Center in November after the rent-to-own furniture retailer said it was exploring strategic options. Besides preventing Vintage Capital from raising its stake in Rent-A-Center or seeking board representation, the standstill provision also prevents the buyout firm from joining any...

Source: Reuters

UPDATE 3-Lowe's nominates directors after 'constructive' talks with D.E. Shaw

Jan 19- Home improvement chain Lowe's Cos Inc said it has nominated two independent board members and plans to add a third following "constructive" talks with hedge fund D.E. Shaw Group, which has taken an activist stake, sending shares up 3 percent on Friday. Shaw has built a stake worth roughly $1 billion in the $84 billion company, according to a source familiar...

Source: Reuters

Mooreland Partners Advises Balabit on Sale to Quest Software

LONDON, Jan. 19, 2018-- Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Hungary- based Balabit in its sale to leading Texas- based security software vendor One Identity, a Quest Software...

Source: Globe Newswire

Lowe's names two directors after talks with activist investor DE Shaw

Lowe's said on Friday it added two board members, a week after reports that hedge fund D.E. Shaw had built an active stake in the home improvement chain.

Source: Reuters

As Einhorn and other big names struggle, these rising hedge fund stars were up 40% last year

The common thread among some of the best hedge fund performers is in-depth sector expertise.

Source: CNBC.com

UPDATE 4-Xerox-Fujifilm deal should have been changed long ago -Icahn

*Five-decade-old JV is 75 pct owned by Fujifilm. Jan 18- Hedge fund investor Carl Icahn has called for the termination or renegotiation of Xerox Corp's long-running photocopier joint venture with Fujifilm Holdings, reiterating demands for a change of leadership at Xerox. In an open letter addressed to shareholders on Thursday, Icahn added his voice to that of...

Source: Reuters

UPDATE 3-Xerox-Fujifilm deal should have been changed long ago -Icahn

Jan 18- Hedge fund investor Carl Icahn has called for the termination or renegotiation of Xerox Corp's long-running photocopier joint venture with Fujifilm Holdings, reiterating demands for a change of leadership at Xerox. The joint venture, called Fuji Xerox, reported operating profit of about $750 million on sales of $10 billion in the year ended last March.

Source: Reuters

Audax Recapitalizes Belmont Instrument Corporation

BOSTON, Jan. 18, 2018/ PRNewswire/-- Mirus Capital Advisors announced today that it acted as the exclusive financial advisor to Belmont Instrument Corporation, in its recapitalization with Audax Private Equity. Headquartered in Billerica, MA, it is a technology leader in rapid infusion systems used to treat critically injured patients experiencing material...

Source: PR Newswire

Market is getting it wrong on Fed rate hikes, warns private equity giant KKR

The market is pricing in only half the number of Fed rate hikes that will likely come by the end of 2019, private equity giant KKR said.

Source: CNBC.com

WeissLaw LLP Investigates Blackhawk Network Holdings Inc. Acquisition

NEW YORK, Jan. 18, 2018/ PRNewswire/-- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Blackhawk Network Holdings Inc. in connection with the proposed acquisition of the Company by private equity firms Silver Lake and P2 Capital Partners. Notably, at least one analyst set a target price of...

Source: PR Newswire