Argentina's stock regulator CNV on Friday rejected Braskem's $1.35 per share bid to buy roughly 30% of the shares of plastics maker Solvay Indupa that are traded on the Buenos Aires bourse. CNV said that the offer was below Solvay Indupa's book value of $2.81 per share as of September.
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Settlement talks between US department store chains Macy's, Penney stalls
Sources said that no settlement talks are currently taking place between department store chains Macy's and J.C. Penney Co. on their dispute over Martha Stewart-branded home goods.
Tactus Technology Inc closes first part of Series B funding round
Tactus Technology, an on-demand tactile surfaces provider, said it closed the first part of its Series B funding round with existing investors led by Thomvest Ventures and the participation new investors from Asia.
US appeals court reinstates antitrust lawsuit against Dean Foods Co.
The US 6th Circuit Court of Appeals on Friday ruled against food and beverage company Dean Foods Co. in an antitrust case. The said lawsuit alleged that Dean Foods conspired to restrict competition for bottled milk in southeastern states in the US after its 2001 merger with Suiza Foods Corp.
RJ Lane sues Deutsche Bank, BDO Seidman for fraudulent tax shelter
RJ Lane filed a case against Deutsche Bank, BDO Seidman and a former partner of BDO Seidman over claims that they formed a fraudulent tax shelter that caused him losses, Bloomberg reported.
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Harbinger Capital Partners, controlled by American investor Philip Falcone, has asked the US Bankruptcy Court in Manhattan to reject Dish Network Corp.'s $2.2 billion takeover bid for bankrupt satellite firm LightSquared Inc.
A regulatory filing showed that Fortress Transportation and Infrastructure Investors intends to raise up to $100 million in its initial public offering in New York, Reuters reported.
Liberty Media Corp, the majority stakeholder of Sirium XM Holdings Inc, has offered to buy out the minority shareholders of the satellite radio provider, Reuters reported.
California, US-based genomics startup DNAnexus raised $15 million to develop its cloud-based platform for storage and analysis of large amounts of DNA data, bringing its total funding to date to $31.6 million.
Alternative asset manager Carlyle Group has introduced its first two publicly listed mutual funds, paving the way for Carlyle to offer its investment platform to retail investors, Reuters reported.
Canadian Solar Solutions Inc, a unit of Canadian Solar Inc (CSIQ), has concluded the sale of Mississippi Mills solar power plant in Ontario, Canada for over $57.4 million (C$61 million).
After a mistaken bet on US Treasuries, assets of Pimco Total Return Fund sank by $41.1 billion last year, making it fund's worst showing in nearly two decades, Reuters reported.
The biggest bank in Spain, Banco Santander SA, sold its real estate arm to US-based private equity group Apollo Global Management in a deal valued at €664 million ($903 million).
JPMorgan Chase & Co settled a lawsuit brought against it by the Federal Home Loan Bank of Pittsburgh involving the losses it sustained from mortgage securities it bought from the bank, Bloomberg reported.
