Deals

Barclays to issue convertible bonds for more capital. Barclays, in a move to address possible concerns, is formulating a plan to seek shareholder approval to sell bonds that are convertible to shares should the bank hit troubled waters.

Greenbriar has been negotiation to buy solar product properties as it focuses on expanding real estate business.

The auto maker is not expecting China Investment Corp. to buy 10% in the company (Photo : Reuters) Bodo Uebber, chief financial officer of Germany's car manufacturer Daimler, said that they are not expecting sovereign wealth fund China Investment Corp.

Richter has said that it has formed a new joint venture with its marketing partner to improve direct presence in the Chinese pharmaceutical market.

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Barilla, world's largest pasta manufacturer, will be selling its German unit to focus on high-margin food products.

Pearson denies plans to sell Financial Times. (Photo : Reuters) Pearson, the British education and media group, through its new CEO reiterated that the Financial Times is not for sale.

Barclays increases stake in Absa. Absa Group's minority shareholders openly supported a plan to purchase the African operations of Barclays Plc. The purchase would amount to US$2.

ICL purchases Thermphos. Israel Chemicals, the fertilizer and specialty chemicals maker has entered into an agreement to acquire Thermphos International BV.

Villar Mir to make an offer for real estate firm Colonial. Spanish business mogul Juan Miguel Villar Mir is reviewing its position as to the debt saddled real estate company Colonial.

Siemens has been aiming to reduce its stake at Nokia Siemens Networks when its 6-year shareholder agreement with Nokia in April

The chairman of Barnes & Noble, Leonard Riggio, it set to offer bid for the bookstore business of the firm.

CVC is seeking 44% for Mahatari after Aeon terminated its offer for the retailer. CVC Capital Partners is expected to ask equity investors to invest more for PT Matahari Department Store than a tentative bid for the retailer by Aeon Co.

The top market marker in the U.S. is expected to sell its credit-brokerage business unit to Stifel Financial Corp.

French media group Vivendi SA is likely to close a deal in the coming weeks to sell a stake in Brazilian telecoms unit GVT