Pershing Square Capital Management LP's CEO Bill Ackman had agreed with JC Penny Co. on the sale of his entire stake in the company.
Deals
Barnes & Noble retail head sells more than half of shares
Mitchell Klipper, head of the retail group at Barnes & Noble, sells 400,996 shares, giving up more than half of his stake in the company.
Fission Uranium plans hostile takeover of Alpha Minerals
Fission Uranium considers taking offer to shareholders of Alpha Minerals after company refuses buyout discussions.
Third Point increases stake in Sotheby’s
Daniel Loeb's New York-based hedge fund increases its stake in Sotheby's to 5.7%. A regulatory filing showed Monday that Third Point LLC, investor Daniel Loeb's New York-based hedge fund, had increased its stake in Sotheby's to 5.
Stockholm Exchange nears high, IPO improves
The number of initial public offering in Sweden had increased while Stockholm's OMX All-Share Index had reached a record high, erasing market volatility in the country.
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BATS Global Markets Inc. and Direct Edge Holdings LLC said that it would commence the merger last Monday.
Titagarh Wagons Ltd. had decided to no longer push its demerger plans amid the sluggish order flows for wagons in the market.
Globecomm Systems Inc. said that it had agreed acquisition from Wasserstein & Co for USD340 million.
The Reserve Bank of India had allowed non-resident Indians to purchase shares from Tai Industries and Madras Aluminum Company.
BBA and DAE discuss merger possibilities. The world's largest producer of bases for business jets, BBA Aviation Plc was in discussion with Dubai Aerospace Enterprise Ltd, an aircraft leasing company, as to the combination of their business enterprises.
ING Groep NV had sold its South Korean insurance unit for USD1.7 billion to MBK Partners Ltd. MBK Partners Ltd. is an Asian buyout company which was formed by ex-Carlyle Group executives.
Gold prices, after a previous period of decline, is now on the rise, recently topping the USD1,400 level.
India's ONGC Videsh said it would increase its overseas debt to fund a USD2.64 acquisition. ONGC Videsh Ltd. is a state-backed energy explorer in India.
America Movil had announced today its support for the purchase of E-Plus, Telefonica's German unit.
