Fairfax Holdings formalized a bid for BlackBerry at USD9 per share. In a surprise announcement, smartphone manufacturer BlackBerry had entered into an agreement to go private through a USD4.
Deals
News of Gazprom divesting shares leads to rise of Amber Grid
Investors welcomed the news that Gazprom would be divesting itself of the 37% stake it holds in Lithuania's Amber Grid.
Applied Materials Inc to merge with Tokyo Electron
Applied Materials and Tokyo Electron signed a definitive agreement to merge and create a new firm valued at USD 29 billion.
Coates Hire agrees on "amend and extend" deal with current lenders
Coates Hire undertook a revised loan agreement with its existing lenders. Coates Hire Ltd, owned by Carlyle Group and Seven Group Holdings, would be undertaking an "amend and extend" loan with its existing lenders.
Xinyi Glass to spin off solar glass business
Xinyi Glass announced plans to spin off Xinyi Solar Holdings and list it in the Hong Kong market. China-based Xinyi Glass Holdings Ltd announced its intention to spin off Xinyi Solar Holdings Ltd and list the business in the Hong Kong bourse.
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A unit of China Investment Co, Chengdong Investment Corp, converted its Uralkali bond purchase to stock.
Boeing may well be the winner of the KRW 8.3 trillion or USD 7.7 billion South Korea fighter jet tender, a source told Reuters.
Today, Dealertrack announced signing an agreement to acquire VINtek in a deal valued approximately USD53.4 million.
B2Gold Corp said the company had seen good deals for possible acquisitions in the next 12 months, according to a Bloomberg report.
AXA Private Equity said it had been considering the sale of its natural ingredient maker Diana for a deal valued around EUR1 billion.
The proposed settlement for healthcare benefits claim of Peabody Energy Corp was rejected by the United Mine Workers of America.
Entergy Corp officials said on Monday that the company had resubmitted its grid plan sale to Texas regulators.
Real estate brokerage Marcus & Millichap Inc. filed an IPO to raise USD103.5 million. Marcus & Millichap Inc. had filed an initial public offering of common stock with US regulators to raise up to USD103.
Mobincube closes its latest financing round where investors such as Inveready contributed to put up a total of EUR700,000.
