Royalty Pharma offers US$6.6 billion for Elan purchase. In a standoff, Royalty Pharma has reiterated its offer to purchase Elan, the Irish pharmaceutical firm on the same terms despite being previously rejected.
Deals
CDW Plans IPO after Buyout
CDW to offer IPO after its takeover by private equity firms. (Correction in first paragraph to US$750 million. ) In a complicated move, CDW, the technology products maker taken over by Madison Dearborn Partners LLC and Providence Equity LLC for the amount of US$7.
Tiger Airways to Join Indian Airline Race
Tiger Airways seeking partner for intra city flights and cargo operations in India. Tiger Airways, the low cost Singapore based air carrier is exploring possibilities to tie up with an India based airline to offer intra-city air travel in India.
Beijing Automotive to Go Public
Beijing Automotive to sell shares at IPO by end of the year. One of the makers of Daimler AG and Hyundai Motor Co vehicles in Asia is Beijing Automotive Group Co.
Damac Reaches Out to Hollywood
Damac Properties enters into a branding partnership with Paramount Hotel & Resorts. (Correction: Paramount Hotels & Resorts in the first paragraph) Damac Properties, the renowned Dubai property developer has entered into a partnership with Paramount Hotels & Resorts to develop and operate a US$1 billion or 3.
Latest News
NYSE Euronext sells stake in MCX Mumbai. NYSE Euronext has offered to sell 4. 8% of its shareholdings in India's biggest commodity bourse, Multi-Commodity Exchange of India.
LSE Group increases shares in LCH Clearnet. The London Stock Exchange Group has forwarded a revised offer amounting to Eur328 million cash to purchase the majority stake in LCH Clearnet.
Adidas removes for sale sign for hockey business and recommits to Reebok. Amidst lukewarm offers for its hockey business, Adidas AG has chosen to remove this subsidiary from the market.
Exxon taps Barclays to assist in auction of its stake in Castle Peak. In a bid to sell up to US$2 billion worth of stocks, Exxon Mobil Corp has opted to sell its interest at an auction for the Hong Kong power venture it had ended a year ago.
Johnsons Controls Inc to sell of all electronics related units and divisions. Johnson Controls is looking into the possible sale of its automotive electronics unit.
The U.S. largest auto supplier is rejecting speculations that it is planning to sell its automotive interiors business, saying it is actually looking forward for the sale of automotive electronics unit.
CME Group Inc.'s chief financial officer James Paris says that they are open to potential mergers and acquisitions if opportunities for shareholder value were to arise.
The Canadian Radio-television and Telecommunications Commission (CRTC)is set to open public hearings on May 6 on BCE Inc.'s C$3 billion proposal to buy Astral Media.
Kroenke Sports & Entertainment LLC has delivered a counter $8.75 per share proposal to buy Outdoor Channel Holdings, which had already received offer from rival Leo Hindrey's InterMedia.
