Apollo Tyres Ltd and Cooper Tire & Rubber Co could not seem to agree on the initial price of its buyout deal.
Deals
Sharp to offer stocks at a discount- filing
A regulatory filing showed Sharp would be selling stocks at a discount to raise JPY 137 billion. Japan-based company Sharp Corp would be selling stocks at a discounted price to gather JPY 137 billion or USD 1.
Al Habtoor Group plans USD 3 billion real estate investment in Dubai
The Al Habtoor Group would be investing USD 3 billion in a real estate development in Dubai. Al Habtoor Group said it would it would be launching a USD 3 billion real estate development in Dubai.
Intu Properties, Canada Pension Plan venture to buy Spanish mall
Intu Properties partnered with the Canada Pension Plan Investment Board to buy a Spanish mall for EUR 162 million or USD 220 million.
JSW Steel acquires cement grinding facility
JSW Steel's acquisition would be consummated 'only after obtaining all relevant approvals required under applicable laws' according to the filings done at the BSE.
Latest News
The Financial Times reported that US hedge funds had been aggressively investing in the struggling banking sector of Greece.
KKR & Co LP would soon reach a deal to acquire Crosby Group LLC in a transaction valued USD1 billion, said two sources familiar with the matter.
The recent remarks made by officials of both Bharti and Walmart indicate issues between the two. Walmart Stores Asia head Scott Price, contrary to previous reports, said a conversion of the current franchisee agreement with Bharti Retail into a joint venture is 'not tenable'.
With changes abound in LVMH, investors are now beginning to review the brand purchases done by management at its heyday.
The Transatlantic Trade and Investment Partnership had faced gale winds and now stands to undergo rough seas.
New Italian PM Enrico Letta seeks to block the intent of Air France-KLM to increase its shareholdings in Alitalia.
VTB would sell off its shareholdings in Rosbank to Societe Generale and Societe Generale would sell some Russian assets to VTB.
Bay Investment Group LLC, the venture firm of Hayah Holdings and Colony Capital, will head the master development in the city of Oakland.
According to the latest US Energy Information Administration report, the US would pass production levels of Russia and Saudi Arabia for oil and natural gas.
