ExxonMobil purchases Celtic Exploration (Photo : Reuters) In compliance with the Investment Canada Act, the Canadian Minister of Industry has recently announced the approval of the acquisition by ExxonMobil Canada Ltd of Celtic Exploration Ltd.
Deals
Deals of The Day — Mergers and Acquisitions
Bids, mergers, acquisitions and disposals were reported on Thursday The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:- Ferrovial is to buy British utility services company Enterprise Plc for 385 million pounds ($589 million) from 3i Group, the Spanish infrastructure group's first major purchase after a long debt-cutting drive.
Malaysia's AirASia Reveals up to $60-Million Investment in its Indian Airline Venture
The largest budget carrier in Asia plans to invest $30 million to $60 million into its new airline venture in India.
Ottawa Approves ExxonMobile's Acquisition of Celtic Exploration Ltd. in $3.1 Billion Deal
Celtic Exploration Ltd can now be acquired by giant energy firm ExxonMobile when Ottawa approved the merger under the Investment Canada Act.
Forstmann Little to sell talent agency IMG in possible over $2 million sale
Private equity company decides sale of its sports and modeling talent agency IMG and is looking for an investment bank to lead the auction.
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CSC divesting interest in ESI. An agreement was recently reached by CSC and Itochu Techno-Solutions Corporation (CTC) together with the ITOCHU Corporation for the sale of the Enterprise Systems Integration (ESI) unit at CSC.
Essex Property purchases Fox Plaza property Essex Property Trust, Inc. , one of the foremost property developers in the West Coast has expanded in its property interests in San Francisco, California with the recent purchase of the Fox Plaza.
Forstmann Little is now deep into preparation for the sale of IMG, the sports and modelling agency. IMG, one of the most prominent talent agencies in the world who represents such names as Serbian tennis superstar Novak Djokovic as well as Brazilian supermodel Giselle Bundchen-Brady has recently been put up for sale.
Pinterest wins US$200,000 funding to increase value to US$2.5 billion. (A screen grab of the home page of Pinterest. com) Pinterest, the most popular online image pinboard recently won US$200 million worth of new funding for its operations.
Aperam has teamed up with two steel makers to purchase the plant owned by Outokumpu, which has been aiming to get regulatory approval for purchasing a steel business in 2012.
Investors at Japan Tobacco has been selling their shares following the decision of Japan's government to sell its stake at the world's third-largest tobacco company.
Aeolus enters agreement with accredited investors on private placement financing worth of 3.2 million dollars
Leighton and Ontario Teachers' Pension Plan Reached Agreement on the sale of 70 percents of telecommunication assets.
Target has sold its credit card portfolio in the U.S. to TD Bank to pay debts. American retailing company Target Corp. announces its agreement on the sale of its existing credit card portfolio in the U.
