A1 putting together consortium with two of the major stockholders of CEDC. A1, the venture capital unit of the Alfa Group has formally notified the committee of holders of CEDC notes that it is putting together a plan to restructure Central European Distribution Corp.
Deals
Arabtec to use new capital for expansion
Arabtec to have bond issue and share sale to raise capital for 2013. Arabtec, the Dubai based construction firm went through a major management shakeup last week.
BTS sets IPO for Thailand's First Infrastructure Fund
Biggest IPO and first infrastructure fund for Thailand set by BTS. The initial public offering of the infrastructure fund of the BTS Group has begun with pre-marketing conducted to raise US$1 billion.
Group Swaps holdings with stake in Vuclip
Owners of Vuclip and Jigsee swap shares. In a rather complicated deal, XinLab Inc. who operates Vuclip has acquired startup Jigsee through an all stock deal.
RBS Bailout Valued at Loss
UK government accepts loss for The UK government is keen on recovering the cost of bailing out the Royal Bank of Scotland Group Plc. The pegged price is 19% lower than what the government had shelled out to RBS back in 2008.
Latest News
Royalty Pharma offers US$11 per Elan share. While Elan is in the process of selling its fifty percent share in the successful multiple scelerosis drug Tysabri with its US partner Biogen Idec, here comes American investment firm Royalty Pharma offering US6.
Zain, a telecom firm in Kuwait, is in the process of selling its stake in its Iraqi unit. Kuwaiti telecom operator Zain is set to sell its stake in its business unit in Iraq through initial public offering as part of its $1.
Kodak gets flexible financing and reorganization plans as it prepares to come out of bankruptcy. The bankrupt photography icon Eastman Kodak Inc was allowed to amend its financing deal in order to become more financially flexible as it girds to exit Chapter 11 bankruptcy protection.
Wynn faces another suit for the cash donation to University. The Board of Directors of Wynn Resorts Ltd and its owner, billionaire hotelier Steve Wynn is now facing another shareholder lawsuit alleging that US$135 million donation to the University of Macau had wasted company assets and was in breach of its fiduciary duties.
Best Buy closes chapter on Schulze takeover bid. With the clock passing on the deadline for the Richard Schulze offer to be filed, Best Buy is now going with the turnaround plan proposed by current CEO Hubert Joly.
A report from newspaper Vedomosti disclosed that Peugeot and ZIL are planning to produce light commercial vehicles in the Russian market.
Sources said that Comark apparel chain is currently on the process to be sold, with an expected amount of up to $400 million based on multiples of other deals in the retail industry.
Hartford posted an amended filing with SEC to correct its results for third quarter in full-year 2012 on internal account error that led to loss instead of a gain.
Iconic Petronas Towers to be a REIT. A restructuring deal struck by KLCC Property Holdings Bhd would transform Malaysia's Petronas Towers into the country's largest real estate investment trust.
