Pirelli chairman seeks to include new investors after falling out with major partner in the Pirelli investment.
Deals
The Gores Group Acquires Etrali Trading
The Gores Group purchases Etrali Trading Services from France Telecom-Orange. The global investment firm, the Gores Group together with France Telecom-Orange, the worldwide telecommunications service provider, had announced the acquisition of Etrali Orange Business Services - Trading Solutions.
International Business Machines Corp to Acquire SoftLayer Technologies
IBM announced acquisition of SoftLayer Technologies and the creation of a new division in the company for cloud-based services to its clients.
Zain to Put Up Company in Iraq
Zain would establish an Iraqi company to comply with IPO regulations in the country. The largest mobile company in Kuwait, Mobile Telecommunications Co, popularly known as Zain, is now in the process of creating an Iraqi company so that Zain Iraq would be able to comply with the regulations on public share sales.
China's Forced Sale of Glencore Peru Mine to Bring Rich Dividends
Two companies that are link to Chinese State-backed groups are pursuing the US$5 billion Glencore Xstrata mines in Peru.
Latest News
Salesforce purchases ExactTarget for US$2.5 billion. The largest maker of online sales management tools, Salesforce. com Inc, has announced it would purchase ExactTarget, the marketing software maker.
Cardio3 BioSciences is planning an IPO after a previous unsuccessful run. (Photo : Reuters)The image is the microscopic view of a stem cell sample. Cardio3 BioSciences, the heart drug specialist pharmaceutical firm from Belgium, is now in the midst of planning the stock market offer of its shares in the Brussels and Paris bourses.
BlackRock, in a bid to lower trading costs as well as attract more investors, is setting up the first European ETF.
Nathan Tinkler agrees to a settle a US$12 million agreement with Blackwood Corp Ltd for a lawsuit filed against him for insolvent trading.
Mid-America Apartment Communities Inc. announced to buy Colonial Properties Trust for US$2.17 billion.
Two separate courts issued temporary restraining orders, restricting Royalty Pharma to bid for Elan.
Generali agrees to sell its reinsurance business to Scor for EUR 579 million. Last Tuesday, Generali announced its agreement to sell its US life reinsurance business to Scor.
Continental Grain Co announced to finally end its long-term ownership with Smithfield to prevent further proxy battle.
Calpers is planning to sell its entire 4% stake in Carlyle that is valued at US$373.3 million. After 12 years of being managed by Carlyle Group LP, a private equity manager firm, the California Public Employees' Retirement System plans to sell its total 4% stake.
