Wells Fargo takes hit on Heinz purchase. According to Moody's Investors Service Inc, Wells Fargo's credit profile took a hit for itsparticipation in the financing of the HJ Heinz Co purchase.
Deals
CNOOC's Acquisition of Nexen Inc. Closes at $15.1 BIllion
CNOOC agrees to pay $15.1 billion to purchase Canadian gas and oil company Nexen Inc. Calgar, Alberta-based oil and gas company Nexen Inc. announced that it was acquired by China's CNOOC Ltd.
US Airways, American Airlines Name Executives to Lead Merger
The airline companies have appointed executives after concluding a merger which would become the biggest air carrier in the world.
Tower's Investment Arm Acquired by Fisher Funds
The investment arm of Tower Ltd. was purchased by fund manager Fisher Funds for NZ$79 million. New Zealand's insurance firm Tower Ltd. said its investment arm was sold to fund manager Fisher Funds in a NZ$79 million deal as it nails down its business focus, the company announced.
Deals of The Day — Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Tuesday. The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday: - Polish state-owned utilities PGE and Energa agreed to buy Iberdrola's 75 percent stake in Renewables Polska for 840 million zlotys ($268 million), PGE said on Tuesday.
Latest News
Carestream up for bids. Medical imaging and healthcare technology solutions provider Carestream Health Inc is now in the process of searching for a buyer for its assets.
US Airways and American Airlines name transition committee merger heads. The merger of US Airways Group Inc and American Airlines would create the world's biggest air carrier.
Vivendi's sale of GVT postponed due to lukewarm price offers. Vivendi is postponing the sale of GVT, its Brazilian telecommunications unit after the French consortium failed to receive purchase offers amenable to its price.
Richter partners with marketing arm to conquer Chinese market. Richter, the Hungarian drug maker has just entered into a joint venture partnership to be able to market its products better in the world's largest market, China.
Daimler is not to keen on the reported interest of CIC over shares of the company. German car giant Daimler is not expecting sovereign wealth fund China Investment Corp to continue with its purchase of the ten percent stake in the company.
The contentious $15.1 billion takeover of Canadian oil and gas company Nexen Inc by Chinese state-owned entity CNOOC Ltd closed on Monday
Private equity firm Carlyle Group LP is preparing to sell aerospace and defense company Arinc Inc Private equity firm Carlyle Group LP is preparing to sell aerospace and defense company Arinc Inc and HAD hired JPMorgan Chase and Evercore Partners Inc to advise on the process, people familiar with the matter said.
Whitworth's Relational Investors expands industrial stake portfolio. Relational Investors LLC, the flagship firm of Ralph Whitworth, recently disclosed its stake at SPX Corp.
LG Electronics will be using webOs operating system from Hewlett-Packard for its internet-connected TVs.
