Cipla Medpro shareholder criticizes low ball offer by Cipla for buyout. One of the top stockholders in Cipla Medpro has said it would require Cipla Ltd to increase its US$500 million offer to purchase the third largest generics drug firm in South Africa.
Deals
Ameren Sells Business to Dynegy
Ameren to sell merchant generation business to Dynegy. Ameren Corp, the American power company, will be selling off its merchant generation business to Dyegen Inc.
AT&T addrsseses rumors on sale of non-core assets
AT&T puts to rest speculations on the sale of its non-core assets. AT&T announced last Thursday that it would be selling off its non-core assets in order to gain additional financial flexibility.
Drake to be purchased by McKee Foods
Hostess brand Drake's to be bought by McKee Foods. Bankrupt snack cake icon Hostess Brands Inc announced that its Drake's snack cake subsidiary would be purchased by McKee Foods Corp.
DirecTV ends chase for Vivendi's GVT
DirecTV withdraws from race to buy Vivendi's GVT. The largest American satellite television provider, DirecTV, has ended its chase of Vivendi's GVT.
Latest News
AEG now off the market according to owner Phil Anschutz. Phil Anschutz, billionaire owner of AEG, has pulled out his sports, music and arena company from the market.
Apollo divesting shares in India's direct to tv market with sale of Dish TV India shares. Apollo Global Management LLC is on the verge of selling its 11% stake in Dish TV India Ltd.
IBM and EMC are partnering to discuss takeover of SoftLayer. EMC Corp and IBM are quietly discussing with web hosting company SoftLayer Technologies Inc to purchase the privately held database web hosting company.
Five Oaks to sell IPO stock worth US$85.5 million. The Five Oaks Investment Corp is an investor in mortgage backed securities. It is projecting that at its IPO, each of the 5.
National Financial Partners seeking new private equity funding. The wealth management company headed by Jessica Bibliowicz is exploring a potential sale according to three individuals who spoke on condition of anonymity.
Dean Metropoulus front runner to purchase the iconic Hostess brand. Dean Metropoulus is a giant in the food industry business but not a household name yet, though this may change upon his purchase of iconic snack cake brand Hostess.
Kroenke Sports acquires Outdoor Channel despite previous merger plans with Intermedia. After a heated discussion, Kroenke Sports and Entertainment LLC has acquired Outdoor Channel Holdings Inc.
RBS to sell off shares in business interests. The Royal Bank of Scotland has put into motion its plan to further reduce its exposure in Direct Line. The move is to take advantage in the 20% rise in the insurer's share price since its flotation last year.
Alfa's share in the TNK-BP takeover by Rosneft to be reinvested. Alfa Group, the group that brokered the deal from the sale of the joint venture giant TNK-BP, is now discussing with former BP CEOs John Browne and Tony Hayward as to international oil venture projects.
