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.
Deals
Shares of First Solar Jump to 45 Percent
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.
Foundation Capital Announces its Seventh Fund
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 Sells Brooklyn Nets Interest
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 Mulling Intra Corp Merger
SM Investments Corp would merge SM Prime Holdings, SM Development Corp, Highlands Prime Inc and Belle Corp.
Latest News
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.
Vueling, the Spanish budget airline is the subject of takeover discussions by IAG. Spanish budget airline Vueling's board recently recommended to its shareholders to accept an improved takeover bid from International Airline Group.
As an alternative to the Sprint Nextel offer, Aurelius Capital Management has offered US$80 million in financing to Clearwire.
Thermo Fisher, the largest scientific equipment and laboratory instruments manufacturer has sent a binding offer for Life Technologies, the genetics sequence market leader.
Fiat claims ability to buy out other shareholders for Chrysler. The Italian carmaker who manages Chrysler Group LLC, Fiat SpA, said that their resources are already sufficient to be able to purchase the remaining shares from an employee group and there is no need to liquidate new shares to be able to finance the deal.
Southeastern Asset Management calls the evaluation of the Silver Lake-Dell leveraged buyout offer as "flawed".
Tata Steel is planning to sell off UK assets and its Australian business to pay off debts and loans.
