Gibson Guitar, a producer of electric guitars, says it was purchasing majority share in Japan's TEAC Corp. for 4.88 billion yen.
Deals
Qatari National Bank Buys Staker in National Societe Generale Bank
In line with its acquisition spree, Qatar National Bank purchases stake in Egypt's National Societe Generale Bank.
UPDATE - Qataris To Purchase Printemps
Qatari investors set to purchase Printemps in full. Official documents seen by Reuters indicate that a Qatari consortium is set to do a full purchase of the French retailer Printemps.
UPDATE - Dell Fires Back on Risk of Remaining Public
Through a proxy statement, Silver Lake and Michael Dell extolled the virtues of their bid as against the offers of Icahn and Blackstone.
Toys R Us Withdraws IPO Proposal
Due to internal issues and weak market conditions, Toys R Us withdrew its IPO proposal. Toys R Us Inc formally withdrew its initial public offering proposal last Friday.
Latest News
Turkish airline Pegasus Airlines will be launching an IPO of a third of its shares, with most of its stake to be allocated to foreign investors.
Amazon.com Inc., world's biggest online retailer, is making a deal to buy Goodreads, a book recommendations site, as it starts into bookselling.
Glass Lewis follows ISS recommendation that MetroPCS Shareholders should vote against merger with Deutche Telekom AG's U.S. business unit T-Mobile USA.
Russia's A1, billionaire Mikhail Fridman's investment group, wants to file case against the planned merger of Tele2's Russian unit and state-run bank VTB, saying that it has the right to purchase Tele2 unit.
Portfolio manager Michael Steinberg at Steven A. Cohen's hedge fund SAC Capital Advisors was arrested on as part of a long-running investigation on insider trading.
Clark Hill PLC and Thorp Reed & Armstrong LLP announced that they will merge to create a combined firm that would help them provide more value to clients.
NeoPhotonics said that it had closed its acquisition of the LAPIS Semiconductor's semiconductor optional components business unit, which operates as the former's Japanese subsidiary.
Hoping to maximize the wave of increased health care demand in Asia, Sanofi is building a new factory in Vietnam.
ISS has advised its shareholders to reject the proposed merger as it is biased against T-Mobile allowing more options for MetroPCS in the long run.
