Seth Klarman's Baupost Group, for only the second time, would return money to its clients. One of the largest hedge funds in the world, Seth Klarman's Baupost Group has nearly USD28 billion in its portfolio, had laid out plans to return money to its clients by the end of 2013.
Deals
Cevian's ThyssenKrupp stake is now at 5.2%, may acquire more - spokesperson
A spokeswoman for activist hedge fund Cevian said the fund had increased its holdings from less than 3% to 5.2% in German multinational conglomerate corporation ThyssenKrupp.
Lufthansa is open to partnerships with Gulf carriers- CEO
Lufthansa Chief Executive Officer Christoph Franz said the European airline had left its door open for the possibility of forging a future alliance with Gulf airline companies.
Noble Corp to push through with spin off
The fleet of Noble Corp would be separated between shallow water and deep water drill rigging equipment.
Danske Bank to reissue new bond
After the loss of equity due to S&P edict, Danske Bank issues a new bond to replace its 2037 issued bond.
Latest News
Subject to board approval, all preparations are being done for the IPO of the Moroccan unit of the Abu Dhabi Energy Corp.
After making its IPO intentions public, the choice of the bourse to register takes centerstage for microblogging service Twitter.
Hersha Hospitality agreed to sell 16 of its properties to a Blackstone Group affiliate. An affiliate of the Blackstone Group LP had agreed to purchase 16 hotels from the Hersha Hospitality Trust for the amount of USD217 million.
In what is called a 'tax efficient spin off', National Oilwell would be letting its distribution business stand alone.
Novamax had share prices advance 66% of pre-IPO prices after close of trading. Novamax, the vaccine manufacturer, announced Tuesday that it is projecting to raise around USD82.
Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.
The sale of Illinois Tool Works' industrial packaging business would affect its overall revenues.
British specialist financial services group Close Brothers Group Plc experienced a 5% increase in its adjusted operating profit to GBP25.7 or USD41.2 million this year ended July 31.
Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.
