Sanlam unit in discussions with Nico Holdings over buyout offer - report

An African news outlet said in its report that Sanlam Emerging Markets (SEM) had started its negotiations with Nico Holdings over buying a 49% in its short-term insurance business unit Nico Life Insurance.


Flurry of retail buyouts, mergers seen amid hedge fund closures

Retail buyouts and mergers lead by foreign exchange market broker FXCM Inc had been seen proliferating in the midst of closures of some of the biggest hedge funds in the US and European Union.

Itochu and Oman enter their 41st year of partnership

Leading Japanese trading firm Itochu formalizes latest contract with the Sultanate of Oman for oil imports.

Islamic Development Bank planning sukuk programme at Dubai

In choosing Dubai, the Jeddah based Islamic Development Bank is ensuring the success of its first ever sukuk issue in the Middle East.


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China-based property developer Greenland Holding Group would be co-developing the Atlantic Yards Apartment Project in New York with Forest City Ratners Cos.
Press release provider Cision AB said it had been investigating why it released an incorrect report about Samsung's purchase of Fingerprint Cards.
New York City Opera Kenneth Rosen had indicated in a court hearing that the American opera company would be open to a merger.
Billionaire investor John Malone had said he would not consider Cablevision Systems Corp as a potential company that he would include in his planned merger of US cable companies.
Bluefield Solar Income Fund Limited recently purchased a 6.87 megawatt peak plant for GBP9.35 million from Parabel AG.
Twitter Inc would reportedly pay 3.25% from its upcoming public listing as fee to its bankers, sources told Bloomberg.
Shares of Royal Mail Group Ltd experienced a 38% increase after its debut on the London Stock Exchange.
A team-up of The Canada Pension Plan Investment Board (CPPIB) and Dexus Property had placed a AUD2.7 billion buyout bid for Commonwealth Property Office Fund (CPA), the office trust of the Commonwealth Bank of Australia
According to a securities filing, BlackBerry Ltd co-founders Mike Lazaridis and Douglas Fregin were said to have an interest in putting up an alternative bid for the smartphone maker.
Trevena, whose pharmaceutical products are on the clinical study stage, would conduct an IPO through prospectus dissemination.