Cerberus Capital Management LP plans to reduce its stake in Japanese mid-sized lender Aozora Bank Ltd bringing down its stake in the bank from 58 percent to 7.7 percent.
Deals
Ocean Spray Acquires Cran Chile Processing Business
Ocean Spray, a U.S.-based grower-owned agricultural cooperative has made its first international acquisition with Chilean firm Agrícola Cran Chile Limitada today.
American Airlines and U.S. Airways Hold Merger Negotiations
The much talked about merger in the airline industry between American Airlines and US Airways is all set to happen after both sides came together for discussions in Dallas, last week.
Houlihan Lokey Acquires Milestone Advisors
Houlihan Lokey, an international investment bank, has acquired a Washington, D.C.-based small independent advisory firm - Milestone Advisors, LLC.
Google Invests $200 Million in Renewable Energy Project
Google Inc. has invested around $200 million in a Spinning Spur Wind Project, a 161 megawatt facility located in Oldham County, Texas.
Latest News
France will not take over insolvent Swiss refiner Petroplus' oil refinery in Normandy, but could help the plant financially once a suitable buyer is found, President Francois Hollande said on Saturday.
The Hutchinson 3G Austrai-Orange Austria deal, valued at $1.7 billion (1.3-billion-euro), received European and Austrian regulatory approval, giving H3G the opportunity to push ahead with its plan to build a nationwide LTE network in the country.
With rise in demand for car-sharing services in the U.S., Avis Budget Group Inc. has decided to buy out car-sharing company Zipcar Inc. for estimated $500 million.
Qatar-based cable news channel Al Jazeera has reportedly taken over U.S.-based news and opinion channel Current TV for estimated at $500 million.
Car rental company Avis Budget Group Inc will buy Zipcar Inc for about $500 million, surpassing larger rivals Hertz Global Holdings Inc and Enterprise Holdings Inc to become the No.1 player in the fast-growing U.S. car-sharing market.
A consortium of private equity (PE) firms comprising the Carlyle Group, Stone Point Capital, Pictet & Cie and Edmond de Rothschild Group have struck a deal to buy financial advisory and investment banking firm Duff & Phelps Corp for about $665.5 million.
Media giant Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, emerged from bankruptcy on Monday, ending four years of Chapter 11 reorganization.
News Corp said on Friday it bought SportsTime Ohio, a Cleveland-based regional sports network that broadcasts Cleveland Indians baseball games.
PSA Peugeot Citroen has ruled out a merger with General Motors' Opel division as part of their alliance, Autogazette reported on Monday, citing a Peugeot manager.
