Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Report: Thomas Cook's Indian Unit Gets Buyout Bids

3/19/2012 1:52 AM ET

Thomas Cook Group Plc (TCG.L) is getting interest from buyout firms including Carlyle Group LP and KKR & Co. (KKR: Quote) for its Indian currency-exchange business, the Sunday Times reported.

As many as 10 bidders are vying for the unit, which has a market value of 167 million pounds, according to the newspaper.

Click here to receive FREE breaking news email alerts for Thomas Cook Group plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session. After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March. The popular e-mail management app Mailbox, developed by Orchestra Inc., has been updated to be compatible with Apple's iPad. Orchestra disclosed the news of the update through its official blog. "You asked, we listened. Mailbox is now available for iPad, so you can swipe your way to inbox zero on all your iOS devices," Orchestra's brief blog read.
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.