On a September 12 meeting at Dell Inc's headquarters in Round Rock, Texas, the company was expected to announce that CEO Michael Dell and Silver Lake Management LLC got shareholder approval to proceed with the USD24.90 billion leveraged buyout.
Deals
Chinese economy stable, reforms to push through- Premier Li Keqiang
Premier Li Keqiang said the Chinese economy was stable and that reforms would push through as planned.
US government is looking to exit GM, sells another USD811 million company stock
A released August report by the Treasury Department indicated that the US government would be looking to exit American multinational automaker General Motors (GM) as the state recently sold USD811 million of GM's common stock.
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.
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About 350,000 shares were sold by Best Buy CEO Joly to pay for divorce but this does not dilute his shareholdings in the company.
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.
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.
