The IPO market is growing again in North America and Europe. Globally, initial public offerings raised US$20 billion in the first quarter of 2013. The growth of this financial area was buoyed by rallies in different stock markets to sell businesses.
Deals
NEC Corp To Sell Mobile Phone Business To Lenovo
NEC is in discussion with Lenovo and other buyers as to the possibility of divesting its mobile phone business.
Wind Energy Project bought by First Nations
The Aamjiwnaang and Bkejwanong First Nations buy a fifty percent stake in Grand Bend Wind Farm. A fifty percent stake in a wind energy project in Ontario was sold to Native Indian groups.
Cole Shareholders File Suit against Christopher Cole
The shareholders of Cole Credit seeks injunction against planned merger. The shareholders of Cole Credit Property Trust III have filed a suit in a Maryland court to issue an injunction on the planned internal merger.
Santander Aims to Keep within Basel III Rules
The goal to boost capital base of Santander questions its ability to maintain its financial strength.
Latest News
With financial packages for as low as US$10 million, Cerberus is offering assistance to firms seeking to purchase low cost foreclosed homes.
Fisker Automotive has hired the law firm Kirkland and Ellis to review its bankruptcy options. The green car manufacturer that has undergone financial losses with losses at the NY/NJ Port area as well as funding issues Fisker Automotive is now mulling seeking bankruptcy protection.
Joh A Benkinser has offered to purchase DE Masters Blenders for Eur6.4 billion. A Eur6. 4 billion buyout bid was made by Joh A Benkiser, a German investor for D.
Keith Meister's Corvex Capital and Related Cos has withdrawn their original US$27.00 per share offer and lowered it to US$24.50 per share offer.
MTS and Vimpelcom joins the A1 versus VTB bidding war for Tele2 Russia. After the bid made by billionaire Mikhail Fridman's A1 Investment Group, new bidders have made offers to join Tele2 AB's Russian subsidiary.
Amazon purchases Goodreads for an undisclosed amount. Goodreads is a book recommendation website and is now the subject of acquisition plans by online retail giant Amazon.
Jean Claud Gandur planning to offer Oryx Petroleum for IPO in Toronto. Billionaire investor Jean Claude Gandur, through his company Addax & Oryx Group is now on its way to publicly list its oil exploration unit.
Sprint's offer of US$80 million per month would again be utilized by Clearwire. According to anonymous sources, Clearwire Corp is planning to notify Sprint Nextel Corp that it will be utilizing another US$80 million in financing as part of its deal agreed upon with Sprint.
Blackberry becomes ideal for a potential takeover as it reports good earnings. Blackberry has reported good earnings higher than what analysts expected, making an ideal candidate for a buyout by a larger technology company, said CNBC's Jim Cramer.
