Ackman, who runs $18 billion Pershing Square Capital Management, told investors on Thursday he planned to make his biggest ever commitment to an outside hedge fund. ** Hedge fund mogul Bill Ackman is ready to make a new bet, not on a stock this time but a startup hedge fund, Clearfield Capital Management. ** A consortium comprising private equity firms Bain Capital and Advent International has entered the race to buy Italian bank services provider ICBPI, filing a bid just short of 2 billion euros ($2.27 billion), two sources close to the matter said. approval to buy Ranbaxy Laboratories Ltd on condition that it sells its interest in a generic anti-bacterial medicine, the Federal Trade Commission said on Friday. ** Sun Pharmaceutical Industries Ltd has won U.S. (Adds Bain Capital, Continental AG, Sun Pharmaceutical, Elliott, AT&T Updates Coal India, Qatar Airways) Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: ** India has raised about $3.6 billion by selling a 10 percent stake in state-run Coal India Ltd in the largest ever equity deal in the local market, giving a welcome boost to the government's faltering divestment drive.
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