Sprint investors preferred to get cash rather than stock after the takeover bid by SoftBank won approval from the Federal Communications Communication last week.
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Bumi to Buyout Bakrie Family from Company
Bumi reported they are close to a US$508 million Bakrie exit deal. Bumi, a large Indonesian coal company at the heart of an ownership row, is nearing a US$508 million agreement that will have the Bakrie family exit from their investment in the company, sources who have knowledge of the deal have said.
Osram Price Drops by 4% on First Trading Day
Osram price dropped by 4% on first trading day. Osram Licht AG's opening price today fell by as much as 4% on its first day of trading. The company opened at Eur 25 but then dropped to as low as Eur23.
Mobius Looking at Africa for Private Equity Opportunities
Mark Mobius of Templeton Emerging Markets Group considered investing in Africa. In a statement Mark Mobius released, he said he was considering private equity investments as one of the ways to tap growth in Africa.
Cvent Files Initial Public Offering
Today, Cvent Inc announced filing with the US Securities and Exchange Commission of its initial public offering listing on the New York Stock Exchange.
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Jones Group, parent company of Nine West hired Citigroup to explore possible sale Jones Group, parent company of Nine West, is at the early stages of sending out feelers to private equity and industry player about intents on putting the company on sale.
NRG Energy Inc announced today the initial public offering for its wholly owned subsidiary, NRG Yield.
The NSW state government expressed their intent to sell heritage building in Sydney New South Wales state government expressed their intent to sell two of Sydney's most significant heritage buildings as it enters the second round of property sales.
US stocks rose for a third consecutive day yesterday. US stocks have risen for a third consecutive day as investors eagerly await the start of second-quarter earnings season amid news of euro-area finance ministers approving the aid for Greece.
Raytheon announced that they were awarded with the deal to make the new electronic jammer for the US Navy.
Mylan’s acquisition of a unit at Strides Arcolab Ltd announced July 8 was deferred by Indian regulators.
Moelis & Co decided to pay US$35 million to its investors and employees that held a stake in the firm.
Tesla Motors is set to transfer from the NYSE to the NASDAQ while Oracle Corp. does the opposite. The best-performing car manufacturing stock this year, Tesla Motors Inc.
Eli Lilly Chairman, John Lechleiter has returned to work after heart surgery. Chairman and Chief Executive Officer of Eli Lilly & Co. , John Lechleiter returned to his positions full-time after undergoing a heart surgery to fix a heart defect in May.
