Philips announced plans to return EUR 1.5 billion back to its shareholders. Netherlands-based electronics firm Philips said it had plans of returning EUR 1.
Deals
Clean Harbors acquires Evergreen Oil for USD60 million
Clean Harbors, a Massachusetts-based environmental services company, acquired Evergreen Oil in a USD60 million deal.
Anheuser-Busch InBev sells bonds as borrowing costs fell
Belgium brewer Anheuser-Busch InBev would be selling bonds as yields fell in Europe. Anheuser-Busch InBev would be selling bonds as yields plunge to an all-time low in three weeks in the Europe.
Element Partners invests in Hayward Gordon
An investment was recently completed by Element Partners, an industrial technology focused equity fund, in Hayward Gordon, an industrial manufacturer of fluid handling systems.
Boise's sale to PCA casts shadow over employees, corporate hub, brand name
In a joint statement on Monday, Packaging Corp. of America (PCA) agreed to purchase Boise Inc. for an aggregate transaction value of USD1.995 billion.
Latest News
French investor Perceva would take over Monceau Fleurs Group through recapitalization. Independent turnaround investor based in France Perceva had announced it would be taking over the Monceau Fleurs Group.
The publisher of Penthouse magazine, FriendFinder Networks, filed for Chapter 11 bankruptcy. FriendFinder Networks filed for bankruptcy under Chapter 11.
Morgan Creek Capital Management opened a new class of fund called Morgan Creek Tactical Allocation to allow retail investors access to exclusive investment portfolios.
In an interview with Reuters, Maurel & Prom CEO Jean-Francois Henin said his company was mulling a secondary listing in London.
Sharp planned to issue 450 million new shares in a USD 1.7 billion fundraising plan. Sources told Reuters that Sharp Corp would be issuing 450 million new shares to raise funds.
The British goverment said in a statement today that through UK Financial Investments Ltd, it has sold its 6% of its issuing stock in Lloyds Banking Group Plc for GBP3.2 billion.
Schaeffler AG said in a statement that the sale of its combined 4% stake in Continental AG with holding company Schaeffler Verwaltungs GmbH would be used to repay borrowings made to takeover Continental.
Soros and Golmand Sachs-backed Essent Group Ltd. filed for an initial public offering yesterday valued USD287.5 million.
Yesterday, Post Holdings Inc. said that it had agreed to acquire Dakota Growers Pasta Co in a deal priced at USD370 million.
