Merlin to go private in $7.5 billion deal with Lego family and Blackstone

Merlin to go private in $7.5 billion deal with Lego family and Blackstone
LONDON/COPENHAGEN (Reuters) – Madame Tussauds owner Merlin (MERL.L) said on Friday it had agreed to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP (BX.N) in a $7.5 billion deal. FILE PHOTO: Tourists line up to buy tickets for Madame Tussauds beside a wax figure of soccer player C. Ronaldo in Hong... Read More

Defense contractor consolidation a security concern: U.S. Air Force acquisition head

Defense contractor consolidation a security concern: U.S. Air Force acquisition head
SINGAPORE (Reuters) – The number of major U.S. defense contractors has shrunk to the point of becoming a national security concern, according to the U.S. Air Force’s acquisition head, who said his service needed to have more frequent competitions to benefit smaller companies. FILE PHOTO: United Technologies logo is displayed on a screen at the post where it’s stock is... Read More

Ivory Coast and Ghana team up for greater share of chocolate wealth

Ivory Coast and Ghana team up for greater share of chocolate wealth
EDOUKOUKRO, Ivory Coast/JOHANNESBURG (Reuters) – Kouakou Kinimo is a pretty typical Ivory Coast cocoa farmer. He works a small holding. At 52, he’s roughly the mean age for a West African grower. And, like many farmers, he doesn’t want any of his six children to follow in his footsteps. Ivorian cocoa farmer, N’Da Kouakou Kinimo, attends an interview with Reuters... Read More

Madame Tussauds owner Merlin to be bought by Lego family and Blackstone

Madame Tussauds owner Merlin to be bought by Lego family and Blackstone
(Reuters) – Madame Tussauds owner Merlin (MERL.L) said on Friday it had agreed to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP (BX.N) in a deal valuing the company and its debt at nearly 6 billion pounds ($7.6 billion). FILE PHOTO: Tourists line up to buy tickets for Madame Tussauds beside... Read More

Saudi Arabia’s hometown ambitions could clip wealth fund’s wings

Saudi Arabia’s hometown ambitions could clip wealth fund’s wings
RIYADH (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) risks being pulled deeper into Crown Prince Mohammed bin Salman’s domestic projects, curbing its international ambitions and tying its fortunes closer to its home market, four sources familiar with its strategy said. FILE PHOTO: Participants look at a sign of the Future Investment Initiative during the investment conference in Riyadh, Saudi... Read More

Factbox: Saudi sovereign fund’s strategy in focus

Factbox: Saudi sovereign fund’s strategy in focus
DUBAI (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has pursued eye-catching investments abroad over the past several years, part of reform plans to diversify the economy beyond oil and transform the country into a high-tech investment powerhouse. FILE PHOTO: A man walks past a sign at the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Hamad... Read More

Nissan ex-chief Ghosn to hold press conference in Tokyo at 1200 GMT: source

Nissan ex-chief Ghosn to hold press conference in Tokyo at 1200 GMT: source
FILE PHOTO – Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato TOKYO (Reuters) – Nissan (7201.T) ex-Chairman Carlos Ghosn will hold a press conference in Tokyo at 9 p.m. (1200 GMT) (0800 EDT) on Friday, according to a person familiar with the matter. This would be Ghosn’s first press... Read More