According to an Italian daily, market regulator Consob is investigating Camfin's offer for Pirelli shares if the same is properly valued.
Deals
Panasonic announces withdrawal from the Japanese smartphone market
Panasonic President announced the firm's withdrawal from the Japanese smartphone market as well as the reduction of its smartphone operations.
CoreDial gets USD 1.5 million loan from Silicon Valley Bank
CoreDial announced that it had received a USD 1.5 million senior debt facility from Silicon Valley Bank.
Resource Capital Partners scores USD 85 million for mining fund
Resource Capital Partners announced the initial close of its mining fund with USD 85 million in capital commitments.
CR Bard to acquire Rochester Medical for USD262 million
CR Bard announced acquisition of Rochester Medical valued USD262 million to boost its presence in the urology homecare market.
Latest News
Turkey said it intended to create an industrial zone in Addis Ababa on land assigned to Turkey by the Ethiopian government.
BioFire is bought out by BioMerieux for USD450 million, funded through debt. In an announcement, BioFire Diagnostics would be bought out by BioMerieux for USD450 million.
News Corp. sold 33 local newspapers of its newspaper portfolio to Fortress Investment Group LLC. An Associated Press report said that News Corp. sold 33 smaller publications of its newspaper portfolio to Fortress Investment Group LLC for an undisclosed amount.
South Korean budget carrier Jeju Air Inc said it would consider conducting an IPO to increase the number of its airplanes and meet the growing demand for air travel in the Asia-Pacific.
Chinese media said that Apple invited local journalists in its September 11 event in Beijing, a day later from the tech giant's newest iPhone model launch in its Cupertino, California headquarters.
China urged its Asian neighbors to forge stronger financial ties in the wake of the Federal Reserve's plan to taper its stimulus package.
Fiat union leaders said the carmaker would invest nearly EUR 1 billion to make the Maserati SUV in its Turin factory.
Almarai Co would be issuing the first sukuk bond issue with four banks to be arranging the investor meetings.
REIT British Land said it would buy 50% of Southgate, a shopping center in Bath, for GBP 101 million.
