First Solar's shares jumped 45 percent with its announcement that it will acquire a new solar technology and that revenue in the next three years will be above Wall Street estimates.
Deals
SunTech Seeking Investors or Buyers of Assets
SunTech exploring options with investors and buyers of assets. Beleaguered Chinese solar panel manufacturer Suntech Power Holdings Co Ltd is now seeking to sell off some of its assets.
Intelstat To Go on IPO
Intelstat would undertake an IPO worth about US $500 million. A proposed IPO worth US $500 million would test the resolve of investors for financial leverage in Intelsat Global Holdings SA.
Qatar Acquires Printemps
Qatar has finalized payment and transfer terms for Printemps. Qatar has finalized its agreement to acquire French retailer Printemps for Eur 1. 6 billion or US $2.
Taylor Morrison’s IPO raises $628.3 million
The initial public offering of Taylor Morrison Home Corp, which is the latest for companies tied to the housing sector, has raised $628.3 million.
Latest News
Foundation Capital has raised US $282 million in its seventh round of capital fundraising. The venture capital firm, Foundation Capital, disclosed today its seventh fund amounting to $282 million in reserve money.
Jay-Z is divesting ownership with NBA team Brooklyn Nets to become a sports agent. Rap icon and producer Jay-Z has now offered his shareholdings in the National Basketball Association's Brooklyn Nets for sale in order to focus on the growth and development of his sports representation business.
SM Investments Corp would merge SM Prime Holdings, SM Development Corp, Highlands Prime Inc and Belle Corp.
French media group Lagardere has raised $3 billion from the sale of its 7.4 percent stake in Europe’s top aircraft maker EADS.
Techno Group, a subsidiary of Gulf Capital, has acquired Dogu Tip. Gulf Capital, the private equity firm based out of Abu Dhabi announced last Wednesday that one of its portfolio companies has purchased a 75% stake in a diagnostic imaging services company.
PhosAgro has offered a share offering to the public worth about US$500 million. PhosAgro, the largest fertilizer company of Russia had raised about US$500 million in a share offer made last Wednesday.
Two global insurers are in the running to purchase HSBC Plc's life insurance unit in India. Manulife Financial Corp of Canada and its Indian afflilate Standard Life Plc are among the bidders for the HSBC Plc's Indian life insurance unit.
After approval of the Colombian government, the plan of Telefonica SA is to offer its Colombian unit for public listing in an IPO.
Colonie Mall, the second largest mall in Albany NY was recently acquired by a consortium led by KKR.
