With a US$1.1 billion offer for the Cermaq's fish feed unit, Bain Capital and Altor complicated Marine Harvest's plans of acquiring the entire firm with a US$1.7 billion deal.
Deals
Four Banks Start Work on China Cinda IPO
China Cinda Asset Management Corp. planned its initial public offering with Bank of America Merrill Lynch, Goldman Sachs, UBS and Credit Suisse formally set to work.
UK’s Co-op Bank Agrees to US$2.4 Billion Rescue Plan
Britain's Co-operative Group agreed on a plan to plug US$2.4 billion capital hole to avoid a repeat of the taxpayer funded bailouts at the time of the financial crisis.
Elan Shareholders Favor Share Buyback
On Monday, Elan shareholders approved a share buyback and put itself up for sale on Friday. (Photo : Reuters)The image is the logo of Elan Pharmaceuticals.
UPDATE: Lowe’s Steps In after Orchard Supply Files Chapter 11
Orchard Supply Hardware Stores Corp filed Chapter 11 bankruptcy protection to proceed with the sale of the company's major assets to Lowe's Companies priced at US$205 billion.
Latest News
SiteWit raised over $1.5 million in Series A funding. (Photo : Reuters)This is a clear image of how online merchants have taken center stage in the consumer industry.
Weyerhaeuser added about 6.6 million acres of timberland to its ownership after buying Longview Timber.
Contradicting statements from a Spanish newspaper, Telefonica said that it has not received any expressed interest from US based AT&T.
UK-based NVM Private Equity backed Cleveland Biotech buyout. (Photo : Reuters)The image is a biotechnology lab that is the subject of investments by Tullis Health Investors.
Lowe's announced that it has entered into an agreement of purchasing Orchard Supply Hardware for US$205 million plus assumption of debt.
Cheung Kong Holdings Ltd will undergo joint venture to acquire RAV Water Treatment. (Photo : Reuters)The image shows a boy drinking treated water from a faucet.
After GenCorp Inc. acquired Pratt & Whitney Rocketdyne, Aerojet Rocketdyne was formed with a prediction of US$1.2 billion savings over the next decade.
Brookfield Asset Management will sell its Longview Timber Holdings and its paper packaging business in separate transactions for US$3.68 billion.
Amazon took over Webvan, an online grocery firm, twelve years after being shut down. (Photo : Reuters)The image is the logo of Amazon. com Webvan, an online grocery start up, may have been the single and most expensive flame out of the online era.
