SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Today's Transactions:
Swatch Swipes Watch Maker Harry Winston

Swatch will buy Harry Winston’s jewelry and watch business but not its diamond-mining operations

The Swatch Group Ltd. is buying the jewelry and watch business of Harry Winston Inc. for $750 million.

The deal is for 100 percent of HW Holdings Inc., owner of New York-based Harry Winston. The transaction also includes up to $250 million in debt assumption. 

Bienne, Switzerland-based Swatch makes watches and sells watch batteries and straps. Harry Winston is known for its diamonds.

Swatch isn’t buying the company’s diamond mining operations, Harry Winston Diamond Corp. (NYSE: HWD, TSX: HW). Harry Winston owns a 40 percent stake in the Diavik diamond mine in Canada’s Northwest Territories, while Rio Tinto Ltd. owns the remaining interest. The target spent $500 million in November to acquire BHP Billiton Ltd. (BHP)’s Ekati mine in Canada and its marketing operations.

The transaction is subject to regulatory approval.

 

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