Dell Corp responds to the Icahn-Southeastern Asset Management offer. On Friday, Dell Inc. issued its reply on the suggested alternative presented by Southeastern Asset Management and Carl Icahn.
Deals
AREA Property Partners to Acquire Ares
Ares purchases AREA Property and undertakes management shakeup. Ares Management LLC disclosed through an announcement that it inked a final contract to purchase AREA Property Partners, LP.
Carlyle Interested in Australian Northparkes Mine Rights
Rio Tinto's Northparkes mining rights in Australia are in the cross hairs of the Carlyle Group.
US$300 Million for Scale Venture at the Closing of Fund IV
Scale Venture Partners raise US$300 million. Scale Venture Partners announced today that it was able to secure US$300 million in pledges at the conclusion of ScaleVP IV LP, going beyond the actual amount it was aiming to raise.
Lehman May Sell Off Claims to Raise Funds
Lehman may sell off US$14 billion in unsecured claims to raise funds to pay off debts and other claims.
Latest News
uParts signs a US$2 million financing deal from GRP and Fraser uParts, Inc disclosed the conclusion of its Series A investment round, headed by GRP Partners and Fraser McCombs Capital plus the participation of other prominent personalities in the automotive industry.
DNA seeks an estimated US$1.3 billion as an acceptable bid for its company. According to a report from Reuters, the Finland-based mobile phone operator, DNA, together with its financial consultants UBS opened the sale of the company that may value estimated above EUR1 billion or US$1.
Chang Hwa Bank to introduce three year bond worth at least one billion yuan. Chang Hwa Bank would raise 1 billion yuan or US$163. 11 million through a yuan denominated bond sale.
Kazakhstan to issue new Eurobond. Kazakhstan would be returning to global bond markets with a debt issuance expected to reach US$1 billion. The oil-rich Eastern European country has invited banks for management applications of the deal, according to Finance Minister Bolat Zhamishev.
Lloyds sells of bad property loans to Cerberus Global amounting to GBP325 million. The Lloyds Banking Group has sold off a portfolio of bad property loans to American private equity firm Cerberus Global Investments for the amount of GBP325 million or US$504 million.
TPG Capital sells off shares in Shiram Transport to Piramal Group. TPG Capital, the renowned private equity group from the US, has raised nearly US$300 million through the sale of 10% of its shareholdings in Shiram Transport Finance Co Ltd.
Piramal has the option to sell off its shareholdings in Vodafone India either through an IPO or a first offer to the telecommunications company.
Greece's Marfin Investment Group is set to raise funds through a convertible bond issue in two tranches.
Boot Barn purchases costumes and work wear. The favorite retailer of western and workwear has finalized an agreement to purchase the stores of Baskins.
