TPG Said to Be in Talks to Invest in Chobani
The private equity giant TPG is in advanced talks to invest in Chobani, the fast-growing yogurt maker in upstate New York, two people briefed on the matter said on Thursday. Chobani was in discussions earlier this month with six potential investors, as it sought capital to help it grow internationally, a person with knowledge of the talks said at the time. Among other options, the company was considering selling a stake of 15 percent or less at a valuation of $5 billion.- Published in Latest
NEW YORK - An investment fund is taking issue with Coca-Cola's pay proposal for management, saying it represents a "raw deal" for shareholders in light of the beverage maker's slowing growth. In a letter to Coca-Cola board members, Wintergreen Advisers CEO David Winters noted that Coca-Cola's equity plan would transfer roughly $13 billion to management over the next four years. His calculation was based on the current stock price and the company's proposal to issue a split-adjusted 340 million shares to its employees.
NEW ORLEANS, La. -- A team of excited executives from two private companies, Sierra Nevada and Lockheed Martin, gathered at Michoud to watch work on the first pieces of the new Dream Chaser space plane. "It would be hard for me to believe growing up, that I would be part of a team that's building America's next space plane," said Sierra Nevada Corporation Board Chairman Mark Sirangelo.
Comodo, a leading Certificate Authority and Internet security organization, announced today the initial release of its free Comodo ModSecurity Rules for LiteSpeed Web Server. ModSecurity rules are used by the popular ModSecurity Apache™ web server plug-in to provide advanced network filtering, security and intrusion protection.
