Private equity firm Carlyle Group is seeking to raise up to $290 million by selling a stake in Chinese home appliance maker Haier Electronics Group Ltd, IFR reported on Friday, citing a term sheet of the deal. Carlyle is offering 100 million shares in Haier Electronics in a range of HK$22.00-$22.50 each, reflecting an up to 10 percent discount to Friday's close, IFR, a Thomson Reuters publication said.The stock has doubled since July, and closed up 8.4 percent on Friday to its highest since 1999, the report added.Carlyle took a 9 percent stake in Haier Electronics in 2011 for $137 million, with an option to invest another $57 million through convertible bonds and warrants. Carlyle has a 90-day lock-up on the residual shares held under those agreements, according to the report.Goldman Sachs Group is sole bookrunner.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.37% or $0.14/share to $37.52. In the past year, the shares have traded as low as $29.33 and as high as $38.73. On average, 768808 shares of TRI exchange hands on a given day and today's volume is recorded at 435551.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.22% or $0.09/share to $41.00. In the past year, the shares have traded as low as $29.40 and as high as $41.13. On average, 938008 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 858201.
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