A Reuters report said that Japanese-based firm Toray Industries Inc would be purchasing US-based company Zoltek Companies Inc for USD584 million.
Deals
SABIC to issue five year bond worth over USD1 billion
In a bid to maximize benefit from high consumer demand, SABIC issues a five year dollar denominated bond projected to be worth USD1 billion.
Alibaba partnership structure gets support from Yahoo
The partnership structure proposal of Alibaba Group Holding Ltd got support from its shareholder Yahoo Inc.
Top shareholders of Alibaba support corporate body provision
Hong Kong's adherence to its rules may force the IPO of Alibaba to be done elsewhere. The largest shareholders of the Alibaba Group have backed the partnership structure proposed by the company that was the central issue of a debate as to the permission to list its shares in the bourse.
Archipelago approves GBP338 million Rajawali privatization proposal
On Friday, the board of directors of Singapore-based and London-listed Archipelago Resources agreed to the privatization proposal of its major investor PT Rajawali Corporation valued at GBP338 million or USD541 million.
Latest News
Avianca Holdings SA Chairman German Efremovich had offered shares of his company to back up loans made for the airline's expansion.
New product offers have been made by NASDAQ OMX such as USD10,000 contracts for its clients in the currency market.
Royal Park claims fraud in the marketing and sale of residential mortgage backed securities. A suit was filed against the Credit Suisse Group AG in New York for USD359 million worth of residential mortgage-backed securities.
OAO Gazprom Neft, the Russian state owned natural gas giant, has been shopping around for lower interest rate termed loans.
Fibrocell Science's market value fell after it offered 11 million shares of stock. Fibrocell Science shares fell in market value after the company had announced it would be selling 11 million shares of its stock.
Porvair purchases Thomas Cain and forges deal with Thermo Electron. Filtration and environmental technology group Porvair Plc have announced last Thursday the acquisition of Thomas Cain Inc.
The China Banking Regulatory Commission had sought opinions to allow companies to set up financing firms that offer loans for retail purchases under certain parameters.
Automattic, Inc, parent company of open source blogging and content management system service WordPress, announced in a blog post that it had acquired content sharing technology startup Cloudup with no financial details disclosed.
Sources revealed to Bloomberg that British private equity firm 3i Group Plc was seeking to add members who specialize in buyouts for its UK and Germany private equity teams.
