A Wall Street Journal cited sources who told the newspaper that Citigroup Inc. sold over USD6 billion in private equity and hedge fund assets to comply with new regulations on bank's holdings in investments.
Deals
Al Baraka plans Islamic bond issuance of over USD 200 million
Al Baraka Turk bared its plans to issue more than USD 200 million in Islamic bonds late this year or early next year.
Power Finance Corp offers private placement of bonds to raise INR 1.5 billion- termsheet
A termsheet of the Power Finance Corp showed that the Indian firm would conduct a private placement of tax-free bonds in order to raise INR 1.5 billion.
Jarden okays deal to acquire Yankee Candle for USD 1.75 billion- sources
Sources told the Wall Street Journal that consumer goods maker Jarden Corp would buy scented candle maker Yankee Candle for USD 1.75 billion.
McAdams was key to the finalization of Verizon-Vodafone buyout deal
Verizon CEO's demeanor and relationship with Vodafone was key to the deal being finalized. The stage for the USD130 billion buyout of erstwhile partner buyout of Vodafone Group Plc from the venture in Verizon Wireless was set two years ago.
Latest News
Private equity fund Mandarin Capital said it had sold its stake in IMA through accelerated book building.
Microsoft said it would be buying the handset business of Finnish company Nokia for EUR5.44 billion or USD7.2 billion, with Nokia CEO Elop and other senior executives transferring to the American multinational software firm.
TDF set its floor price for its sale at EUR4 billion but offers made were below the said price. Telediffusion de France, the broadcast tower operator, had received from Dering Capital a non-binding offer worth EUR3.
Former bankers returned home to Verizon to provide advisory assistance For bankers giving guidance and advice to Verizon Communications Inc, it had been a ten year long wait to be able to formalize the USD130 billion deal to take full control of Verizon Wireless.
OTP Bank had prepared to purchase the shares owned by the Hungarian Post Office and the Hungarian development bank.
The leading firms in the bidding consortiums for EVO Banco have been reported by the Financial Times.
Semiconductor IP supplier ARM announced today that it had signed a definitive agreement to acquire Cadence's PANTA from Cadence Design Systems.
Germany's steel maker ThyssenKrupp denied reports of having cancelled the sale of Steel Americas.
Lufthansa had decided to scrap the current pension plan to a plan that is tied to investment returns of the fund.
