Rexford Industrial Realty Inc announced today its public offering of common stock listed on the New York Stock Exchange.
Deals
Tata to make export hub out of Indonesia
Tata Motors reported that its investments in Indonesia is aimed to make the country its export hub. Tata Motors Ltd. has made it clear that they will make Indonesia an export hub for their vehicles to the rest of Southeast Asia.
UAE proposes US$3 billion support for Egypt
Saudi Arabia funded US$5 billion while UAE offered US$3 billion worth of aid to help Egypt’s struggling economy.
Summit II REIT to acquire three light industrial properties
Summit Industrial Income REIT announced that they are to acquire three light industrial portfolios Summit Industrial Income REIT (Summit II REIT) announced that they have waived conditions and would acquire the portfolio of three light industrial properties located in Laval, Quebec and in Brampton and Barrie, Ontario.
Kayne Anderson MLP Investment Company announces public offering
Kayne Anderson MLP Investment Company announced public offering of its 5,750,000 shares with net proceeds to be used for additional portfolio investments.
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Kroger Co. agreed to purchase Teeter Supermarkets Inc. for around US$2.5 billion. The largest US grocery chain, Kroger Co. , agreed to buy Harris Teeter Supermarkets Inc.
Swordfish Financial merger with iPoint expected to generate huge profits Swordfish Financial Inc announced that their merger with iPoint are expected generate huge profits for both companies.
Maxim magazine was said to be fetching bids of only US$20 million, less than a 10th of the cost its investors paid about six years ago.
LVMH Moet Hennessy Louis Vuitton SA bought 80% of Loro Piana SpA making the brothers who led the company billionaires.
Vivus Inc signed an impotence drug deal with Italy's Menarini Group for Eur95 million. Vivus Inc announced that it signed a contract with Italy's Menarini Group worth Eur95 million or US$121.
Yacktman Asset Management expressed its support for Carl Icahn's buyout offer for Dell. Yacktman Asset Management, Dell Inc's stockholder gave its support for Carl Icahn and Southeastern Asset Management's buyout offer for the PC manufacturer.
LBO France sought to sell Groupe Poult by sending marketing materials to potential buyers and waiting for bids until the end of the month.
US government's Fannie Mae considered selling about US$1 billion of home-loan bonds. The mortgage financier regulated by the US government, Fannie Mae, planned to sell around US$1 billion of home-loan bonds.
The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.
