Private-equity firms bidding for Forstmann Little & Co.’s talent agency IMG Worldwide Inc. are disagreeing with the earnings projection Forstmann has provided for this year, a week before final bids are due, three people with knowledge of the matter said.
T. Rowe Price Group Inc. and more than 100 other Dell Inc. shareholders who control a combined 47.5 million shares spurned the company’s buyout offer to seek a potentially higher payout through the Delaware court system.
Carlyle Group LP, the world’s second-biggest manager of alternatives to stocks and bonds, raised $13 billion for its sixth fund dedicated to U.S. leveraged buyouts, according to a person with direct knowledge of the matter.
Asian stocks rose, with the regional benchmark index rebounding from last week’s drop, as the yen weakened, Iran agreed to limit its nuclear program and investors bet improving U.S. economic data will boost earnings.
Lytro Inc., the maker of a camera that lets pictures be refocused after they are taken, pulled in an additional $40 million in funding to release a redesigned device and get its technology into smartphones.