Stilfel acquires Knight Capital's fixed income sales and trading team. Stifel Financial Corp announced it is acquiring Knight Capital Group. The St Louis based brokerage firm would be acquiring the fixed income sales and trading team of Knight, comprising one hundred individual employees.
Deals
Pinnacle Foods Eyeing US$2 billion in IPO
Pinnacle expecting IPO to net US$2 billion. Pinnacle Foods, the packaged food maker owned by the Blackstone Group LP is deep in preparations for its initial public offering.
Claris a Target for Takeover
Claris Pharmaceutical rumored to be subject of takeover bids. The next target in the takeover of Indian injectible drug makers is Claris Lifesciences Ltd.
Taylor Morrison to Start Marketing IPO
Taylor Morrison is now undertaking plans to market its IPO. Renowned homebuilder in the U. S. and Canada, Taylor Morrison Home Corporation (TMHC) will proceed with its initial public offering next week according to sources.
First Philippine Casino Opens
Solaire Manila Casino opens to fanfare and hoopla in Manila. Billionaire port magnate Enrique Razon' s Solaire Manila Casino will open tomorrow in the Philippines.
Latest News
Viko contemplates sale and hires Credit Suisse for assistance. Viko, the family owned electric appliances manufacturer from Turkey, has hired Credit Suisse to sell the company for a price tag between US$500 million to US$1 billion.
Avis-Zipcar acquisition gets regulatory approvals in US and UK. The purchase of Avis Budget Group Inc of Zipcar Inc was successfully concluded. Avis Budget has fruitfully completed the requirements needed to comply with the U.
Dropbox purchases app maker Mailbox for an undisclosed amount. Leading online file storage technology firm Dropbox Inc announced that it would purchase the start up firm behind Mailbox, the hottest email management application in the market today.
M&S again reported to be subject of takeover bid, this time from the Qatari Investment Authority. The famed British retailer Marks and Spencer became rife with bid speculation again after a year of weak trading and flat share prices.
Canada's largest pension fund eyes purchase of uranium enrichment firm. One of the world's biggest pension funds in the world, the Canada Pension Plan Investment Board, is interested in acquiring Urenco, the nuclear fuel production firm.
Chinese investments through IADB show Chinese interest in the regional market. China will be investing in the Interamerican Development Bank's projects in Latin America and the Caribbean.
Impregilo's shares would not be delisted, according to Salini CEO. Salini, the famed builder of Italy, is not planning to delist Impregilo should their takeover plans of the company be a success.
Ackman's investors seeking clarifications on investments in JC Penney and Herbalife. Two of the institutional investors comprising William Ackman's US$12 billion hedge fund are planning to ask more information on the investment made in beleaguered retailer JC Penney.
Italian bank UniCredit to sell off Kazakh bank ATF. Italy's largest bank by assets, UniCredit is on the verge of announcing the sale of ATF Bank. ATF Bank is its Kazakhstan unit and the sale was confirmed by three sources who spoke on condition of anonymity.
