Mercator had appointed BMO Capital Markets to lead a potential sale of the company after sales slumped, said a Bloomberg report.
Deals
Private investments by US foundations reaches USD50.9 billion in 2012 - report
An estimated USD50.9 billion in investments by private and community foundations was made, according to a Foundation Center report on 2011 financial data.
Power Group EDG in talks with Dalkia to acquire Citelum
On Tuesday, Power group EDF confirmed an early press report that it has started talking to Dalkia France to acquire public lighting and urban electrical equipment company Citelum.
Softbank founder acquires Tiffany property in Tokyo for USD326 million - sources
Telecoms group SoftBank Corp founder Masayoshi Son was said to have purchased Tiffany Building for USD326 million, according to people who were familiar with the transaction.
Cooper Tire shareholders accepts Apollo Tyres merger
Cooper Tire & Rubber Co shareholders voted in favor of the proposed merger with Apollo Tyres Ltd yesterday, according to a Bloomberg report.
Latest News
According to a Bloomberg report, Brookfield Property intends to acquire the stake it doesn't own in Brookfield Office to consolidate both firms as one.
Macquarie Group Ltd. offered a bid for the Australian assets of Lloyds Banking Group Plc, according to a Bloomberg report.
Compal Electronics announced a deal to buy its wireless device production division to reduce the company's spending cost.
America Movil's plan to acquire Royal KPN encountered price disagreements as KPN's management wanted a higher price for the offer, said sources.
According to a Bloomberg report, BlackBerry became so desperate to find a possible buyer for the struggling smartphone maker which resulted to an agreement to pay its biggest shareholder a rare breakup fee.
Berkshire Hathaway Inc's founder and CEO Warren Buffet would get more than USD2 billion stock in Goldman Sachs Group, said a Bloomberg report.
Google was advised by the Federal Trade Commission that it would not object to the search engine's acquisition of mapping app firm Waze.
Qunar, Baidu's online travel app, would be offering American Depositary Shares for its IPO in the New York Stock Exchange.
On Monday, TCW acquired private equity company Craton Equity Partners, according to statement from TCW's alternative products division chief.
