General Motors Co said it would undertaking a share buyback of some of its preferred shares held by a United Auto Workers healthcare trust.
Deals
BV Investment sells off Butterfield Fulcrum to Mitsubishi UFJ Trust
One of the private equity firms focused on information and communication, BV Investment Partners, have exited its investment in Butterfield Fulcrum in favor of Mitsubishi UFJ.
CapMan Buyout agrees to purchase Nice Entertainment
In an agreement signed last Monday, CapMan Buyout purchases Nice Entertainment for an undisclosed amount.
AMR and US Airways set new deadlines
AMR and US Airways indicate new deadlines on their eventual decision on the merger as the lawsuit had affected the businesses.
Monte dei Paschi cancels coupon payments
Monte dei Paschi decided to cancel its coupon payments in order to meet EU bank requirements. A decision to cancel coupon payments was done by Monte dei Paschi di Siena on three hybrid loans set to fall due by the end of the month to comply with European conditions for the approval of a EUR4.
Latest News
UK softdrink maker AG Barr said that despite its failed merger deal with British softdrinks producer Britvic, it has managed to retain its strong position in the saturated softdrinks market.
Sources told PeHub that Stone Point Capital was already gearing up for its sixth buyout fund. Four sources told PeHub that Stone Point Capital was already in talks with investors about the formation of its sixth buyout fund.
Yongye International, Inc had announced today that they have entered in a merger agreement with Full Alliance International Limited at USD6.69 per share.
In an exclusive interview with news site the Financial Times, Chairman and creative director Remo Ruffini of the French-Italian clothing company Moncler said that they had plans for an IPO listing this year.
American Airlines and US Airways Group Inc. had came to an agreement that the USD14 billion merger should be completed before the new deadline, which is on January 18 next year.
The South Korean government said it received preliminary offers for two regional banks from Woori Finance Holdings.
Potbelly Corp was hoping that its USD75 million IPO would have market pricing its shares not lower than USD9.
In a prospectus made public on Monday, Australian foreign exchange services provider OzForex Group would be raising AUD440 million or USD413.03 million in its initial public offering October 11th.
Two firms were hired by Palmet Enerji to advise it on its IPO scheduled next year. Turkey-based Palmet Enerji said it had hired Garanti Yatirim Menkul Kiymetler and BGC Partners to be its advisers for the group's initial public offering.
