Iconic five star hotel The Savoy would be in danger of defaulting on its loan obligations should its business revenues do not improve.
Deals
KIK Custom Products to acquire Chemtura Corp's BioLab business for USD 315 million
Private equity-backed KIK Custom Products would be purchasing the consumer products business of Chemtura Corp in cash.
Congo government intends to increase free stake of new mining projects to 15%
The government of Congo had plans to implement changes to its equity agreements with mining firms, which includes increasing its free stake in all new mining projects from 5% to 15%.
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.
Latest News
Shunfeng Photovoltaic International planned to raise USD 144 million in a share sale, a regulatory filing revealed.
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
