Betfair is entertaining bids and according to its former CEO, has lost its way. Betfair, the online gambling company, is now the object of a takeover bid from CVC Capital Partners.
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Warburg Pincus Purchases Stake in Avtec
Actis owned stake in Avtec would be acquired by Warburg Pincus. Warburg Pincus, the American private equity firm, has purchased a minority share in Avtec, the engineering equipment manufacturer.
Liberty Global Receives Unconditional EU Approval For Merger
Liberty Global's acquisition of Virgin Media granted unconditional EU approval. Last Monday, John Malone's US cable giant Liberty Global has received unconditional European Union regulatory apprival for the takeover of Virgin Media.
Turkish budget aircarrier Pegasus Airlines offers IPO
IPO is the way for growth for Pegasus Airlines, the Turkish budget air carrier. Pegasus Airlines, the low cost air carrier of Turkey, is offering for sale 34.
Hexagon AB Acquires MANFRA
Manfra, whose partnership with Leica Geosystems, has been purchased by Hexagon AB. The leading services provider for design, measurement and visualization solutions, Hexagon AB has announced its acquisition of all the shares in MANFRA, the distributor of Leica Geosystems based in Brazil.
Latest News
Centrica-QPI joint venture purchases Suncor assets in Canada. Centrica of Britain and Qatar Petroleum International has purchased gas and oil assets previously owned by Suncor Energy.
ING NV would be launching its sale of its US$1.2 billion shareholdings in TMB Bank after the May 5 elections.
Mando's plan to invest in Halla Engineering beyond its means forces Midas to divest its shareholdings in Mando.
Clariant, in compliance with US regulators requirements, would be purchasing deep sea assets of the Gulf of Mexico owned by Ecolab.
Glencore to agree to concession requirements to achieve regulatory compliance for Xstrata merger. Glencore is now in the process of confirming concessions in order alleviate Chinese worries over its stranglehold on the existing copper supplies.
The merger of two of the largest automated trading firms would create savings as well as increase revenues for the new merged entity.
Woori Chairman resigns amidst declining share values. Lee Pal Seung, Chairman of Woori Finance Holdings Company, plans to resign prior to the South Korean government's fourth plan to sell its shares in the country's largest financial service group.
Cordiant Capital would be offering loans to emerging markets through its Cordiant Emerging Loan Fund IV.
Amidst its insider trading investigation, SAC Hong Kong has lost five staff members and moved three others to other SAC offices.
