CVC is seeking 44% for Mahatari after Aeon terminated its offer for the retailer. CVC Capital Partners is expected to ask equity investors to invest more for PT Matahari Department Store than a tentative bid for the retailer by Aeon Co.
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Villar Mir Reviews Offer for Colonial
Villar Mir to make an offer for real estate firm Colonial. Spanish business mogul Juan Miguel Villar Mir is reviewing its position as to the debt saddled real estate company Colonial.
GM to Use AT&T Wireless Service for 2015 Car Models
General Motors has agreed to use AT&T wireless service for its 2015 auto models, ending service from Verizon.
Siemens to Cut Stake at NSN
Siemens has been aiming to reduce its stake at Nokia Siemens Networks when its 6-year shareholder agreement with Nokia in April
Co-Head Jim Woolery Leaves JPMorgan for Cadwalader
Jim Woolery steps down at JPMorgan to start as chairman for law firm Cadwalader, Wickersham & Taft. (Corrects title of new deputy chairman and Chris Ventresca remaining at JP Morgan in second paragraph) Jim Woolery, co-head of North American mergers and acquisitions business at JP Morgan, is leaving the company to work for law firm Cadwalader, Wickersham & Taft, the investment bank's spokeswoman said.
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The top market marker in the U.S. is expected to sell its credit-brokerage business unit to Stifel Financial Corp.
French media group Vivendi SA is likely to close a deal in the coming weeks to sell a stake in Brazilian telecoms unit GVT
Wolfberg and Landry to join forces in new hedge fund firm. Adam Wolfberg, a veteran of SAC Capital Advisors, Diamondback Capital Management and the Galleon Group is teaming up with Steven Landry of East Bay Asset Management would launch a new hedge fund.
Former Soros CIO Anderson now raising funds for own financial firm. Learning from the best now he is striking it out on his own. Keith Anderson, former Chief Investment Officer at Soros Fund Management is now raising funds for his own hedge fund named Anderson Global Macro according to recent report from Reuters.
Private equity defined in simple terms. Private equity is simply a class of assets that include equity securities in operating companies that are not bought and sold in the stock exchange.
Italian oil major Eni and Russia's Rosneft have both agreed to develop trading and logistics opportunities.
RBS is expected make sale of a portion of stake in Citizens Financial Group The Royal Bank of Scotland is set to announce its plan to sell a stake portion in Citizens Financial Group Inc.
Sharp Corp., the electronics giant, is set to terminate its planned capital merger with Taiwanese business partner Hon Hai to focus on a new deal with another company.
HP has said that it has smooth innovations even though it saw decline it is profits. PC computer giant Hewlett-Packard Co. said that it is set to make innovation steps without disruption despite plummeting profit in the past quarter.
