Brazil sold dollar bonds amounting to USD 3.2 billion set to mature in 2025 and established a new benchmark in international markets.
Deals
HAECO acquires Timco for USD388.8 million
Aircraft maintenance services provider HAECO expands services portfolio with the acquisition of Timco Aviation Services,Inc.
E*Trade Financial divests market-making unit to Susquehanna International Group
E*Trade Financial would be selling G1 Execution Services unit for USD 75 million. E*Trade Financial Corp would be selling market-making arm G1 Execution Services to Susquehanna International Group in a deal worth USD 75 million.
Former Apple CEO explores joint bid for BlackBerry- report
A report from Canadian newspaper Globe and Mail said that John Sculley, a former Apple CEO, was mulling a possible bid for BlackBerry.
ING US Inc sale raises USD 974 million for parent ING Groep
ING Groep raised USD 974 million from selling its New York-based US insurance business. Amsterdam-based financial services firm ING Groep was able to gather USD 974 million or EUR 706 million from the sale of its US business.
Latest News
The US Navy sold the USS Forrestal to All Star Metals for one cent. Texas-based shipbreaker All Star Metals purchased the decommissioned USS Forrestal for one cent.
Royal Bank of Scotland US subsidiary Citizens Financial Group is bidding out nearly 105 branches with USD6 billion in deposits and USD2.4 billion in loans.
The amount of USD3.3 billion is the price tag for the JPMorgan commodities business unit required from the bidding firms, such as Grupo BTG Pactual.
Shares of Safeway Inc increased by almost 9% after buyout reports started to circulate. Shares of supermarket chain Safeway Inc increased after reports that a private equity firm-led buyout was in the works.
Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.
Fund managers BlackRock Inc and Neuberger Berman Group LLC seek settlement in the amount of USD5.75 billion for mortgage backed securities fraud.
As it bought out properties post recession at 35% below market value, Blackstone had accumulated assets for rent to grow into a mature industry.
The machine to machine sector is where Sierra Wireless would be seeking investments and acquisitions as it grows in the next five years.
Mckesson's planned bid of Celesio would signal a takeover of the German drug distributor. According to two sources who were familiar with the negotiations, US drugs distributor McKesson was close to offering a deal to German company Celesio.
