In an interview with Bloomberg News, China's richest man Wang Jianlin has hired two investment banks to assist his company in planned acquisitions of hotel management companies in the US and London.
Deals
Norilsk says it is not interested in Uralkali
Nickel producer Norilsk denied reports that it would be acquiring a stake in potash firm Uralkali. Norilsk Nickel said it was not interested in acquiring a stake in Uralkali.
Royal Dutch Shell shelves GBP 8.3 billion eastern China refinery- paper
The Telegraph reported that Royal Dutch Shell had postponed its refinery project worth USD 1.3 billion in eastern China.
Australian distressed debt buyers favor loan purchases from smaller firms- survey
A survey showed that buyers of distressed debt in Australia favored soured loan acquisitions from smaller firms.
Voters say no to Hard Rock International casino proposal
Voters rejected the casino proposal of Hard Rock International for West Springfield, Massachusetts. The casino proposal of Hard International for West Springfield, Massachusetts was rejected by voters in West Springfield, Massachusetts.
Latest News
The financing aspect of the leveraged buyout of Dell Inc by CEO Michael Dell and Silver Lake Partners was discussed for finalization.
According to reports by the Wall Street Journal and Reuters, Norilsk Nickel could place a bid to acquire a 21.75% in billionaire Suleiman Kerimov- helmed potash company Uralkali.
After eight months, AT&T finally acquired the LTE spectrum from rival Verizon Wireless in a USD1.9 billion deal.
In seeking acquisitions for greater investment return, Danaher Corp is choosing between Spectris and Pall as its first purchase.
Synnex Corp. announced that it would acquire IBM's BPO services through a combination of cash and stock payment.
The Canadian government announced last Tuesday that it would sell 30 million General Motors common shares.
Tesco would lend Yucaipa investment firm GBP80 million to take Fresh & Easy stores off its hand. UK based Tesco would lend US billionaire Ron Burkle's Yucaipa investment firm GBP80 million.
Twitter announced on Monday through a blog post that it had acquired MoPub without disclosing the financial terms of the deal.
Eike Batista's MMX sold off its debt and partial stake to commodities trader Trafigura Beheer BV and sovereign wealth fund Mubadala Development Crop for the Sudeste port.
