Chevron announced the signing of an investment agreement with Argentina's YPF. Chevron announced that they have signed an agreement with Argentina's YPF (Yacimientos Petrolíferos Fiscales).
Deals
Apollo to exit Realogy
Apollo Global Management announced that it is exiting its real estate unit, Realogy. Apollo Global Management announced that is exiting Realogy. The private-equity firm revealed an offering to offer its remaining 25 million shares in Realogy, a real-estate company.
Royal Appliance Mfg. Co. acquires Oreck Corporation
The Royal Appliance Mfg. Co. acquired assets of Oreck Corporation after US Bankruptcy Court ruling.
Cuba Beverage Company signs distribution agreement with White Rose
The Cuba Beverage Company signs distribution agreement with New York and New Jersey's largest independent wholesale distributor, White Rose.
Private equity companies introduce open ended mutual funds
KKR and Blackstone started open ended mutual funds to attract individual investors. Kohlberg Kravis Roberts had introduced to individual investors an open-end mutual fund and now, one of the United States' biggest private equity firm, Blackstone is doing it too.
Latest News
The Stephens Group revealed that it has acquired Silicon Valley's Bay Area Internet Services. The Stephens Group, a private equity firm, acquired Bay Area Internet Services.
Canada's Brookfield Asset Management has placed a price tag for its Parramatta property in Sydney.
CBS Corp. entered into discussions with a private equity firm hoping to sell its outdoor business for around US$225 million.
Water Street Healthcare Partners announced that they have invested US$50 million in RTI Biologics to help it acquire Pioneer Surgical Technology.
The acquisition of Alexion Pharmaceuticals Inc. could possibly break records as the most expensive purchase in biotechnology.
The German government is contemplating on selling its stake in the loss-making bank after the conduct of the national elections on September.
Dell Inc, third-largest personal-computer maker, may postpone shareholder’s vote regarding the buyout by its founder.
Oi SA would sell its undersea cables and towers worth US$1 billion so that it could reinforce the funding for the company.
Capital One Financial Corp. was negotiating with UBS regarding 250,000 square feet of offices on Park Avenue, Manhattan.
