Vodafone confirmed that the company is pursuing its informal offer to Kabel Deutschland which was priced EUR81 per share.
Deals
Apollo Tyres fell by 18% After Cooper Deal
India-based Apollo Tyres Ltd shares were down by 18% after the announced US$2.4 million deal to acquire Cooper Tire & Rubber Co. due to worries of the company's debt.
Vanguard Announces Public Offering Price
Vanguard Natural Resources announces its public offering of 2,200,000 shares at US$25 per share. Vanguard Natural Resources LLC has announced today the pricing of its public offering.
Lululemon Chairman Sold Stock Before CEO Departure
Lululemon Athletica Inc. Chairman, Dennis Wilson sold his stock for US$49.5 million days before the announced surprise departure of the company's CEO Christine Day.
Empire Co to Acquire Safeway Canada for Can$5.8 Billion
Empire Co, Sobeys' operator, announced its planned acquisition for Safeway Canada for Can$5.8 billion that will close later this year after regulatory approvals.
Latest News
The board of Clearwire Corp. recommends the proposed bid from Dish over Sprint Nextel even before the hostile bid was raised.
Royal Bank of Canada announced looking for C$5 billion wealth acquisitions according to its CFO, Janice Fukakusa.
Clearwire Corp's board has urged its shareholders to accept the offer proposed by Dish priced at US$4.40 over the US$3.40 offer from Sprint.
Coty Inc, the perfume maker to the elite, is undertaking an IPO that is below market value with many provisions.
Exxaro announced the completion of its investments in two wind farms located in the Eastern Cape Province of South Africa.
Legal and General Group announced its plans for investments hinged on the government's changes in its policies.
Punch Tavern's bondholders rejected the latest proposal for debt restructuring. (Photo : Reuters)The image is a pub goer enjoying a pint. United Kingdom pub operator Punch Taverns Plc had earlier proposed a restructuring plan for its GBP2.
Virgin Money exploring IPO of Northern Rock. (Photo : Reuters)The image is the logo of Virgin Money. The bank that purchased Northern Rock Plc, Virgin Money Holdings UK, is in the process of searching for advisers to provide assistance for its initial public offer.
Apollo Tyres purchases the shares of Cooper Tire and Rubber to create the seventh largest tire company in the world.
