Infrastructure group Invepar SA has won the rights to operate a 937-kilometer stretch of Brazil's BR-040 highway, connecting Brasilia to Rio de Janeiro. Invepar is expected to invest $3.2 billion in BR-040 over the next three decades.
Deals
Apple shareholders to vote on Carl Icahn's $50 B stock buyback proposal early next year
Apple Inc. has filed a proxy statement with the US Securities and Exchange Commission on Friday. Apple investors are set to vote on activist investor Carl Icahn's $50 billion stock repurchase proposal on February 28.
Chinese developer Oceanwide to buy Los Angeles property for $200M
China's Oceanwide Real Estate Group will acquire a sprawling parking lot in downtown Los Angeles for $200 million to develop a five-star hotel, apartments and retail spaces.
KKR & Co. leads Dealogic's list of most active private equity firms in M&A
Private equity firm KKR & Co. takes the top spot in Dealogic's list of most acquisitive investment firms, spending about $174 billion in 34 companies this year.
66-year old investor exits entire holding in Twitter as shares drop by $5.91
Reuben Kressel, a 66-year old investor, completely sold his entire holding in Twitter Inc. after its shares dropped as much as $5.91 or 8% on Friday's market close. Kressel owns 500 shares in the micro-blogging site.
Latest News
Shares of debt-laden construction firm FCC SA leaped by as much as 8.8% on Friday following news that American hedge fund Soros Fund Management, controlled by billionaire George Soros, had acquired a 3% stake in the company.
US law firms Nixon Peabody and Blank Rome is reportedly in merger talks to create the 33rd largest law firm in the country. Nixon Peabody is a Boston-based law firm, while Blank Rome hails from Philadelphia.
Canada-based lead-acid battery-powered electric car seller Zenn Motor Co entered in an agreement to acquire a controlling stake in US-based energy storage company EEStor in a deal valued at $1 million.
US-based digital content storage company Seagate announced that it is acquiring UK-based network and storage equipment maker Xyratex in an all-cash transaction valued at $374 million.
Detroit pension funds, the General Retirement System and Police and Fire Retirement System, submitted an expedited appeal with the US 6th Circuit Court of Appeals on a judge's ruling about Detroit's bankruptcy.
California, US-based business applications vendor Tidemark has raised more than $1 million in a new funding round, according to a filing submitted to the US regulators.
Massachusetts, US-based private equity firm Brookwood Financial Partners has acquired The Embassy, a 10-storey office property located in the Las Colinas complex in Irving, Texas, for an undisclosed amount.
Australian construction firm Leighton, is buyout out Welspun Group's 40% stake in the company in a $100-million deal (INR62 crore), according to a person directly familiar with the matter.
Illinois, Chicago-based multimedia corporation Tribune Co has completed its $2.73-billion acquisition of television broadcasting firm Local TV after emerging from a four-year Chapter 11 bankruptcy in December.
