GE will sell its U.S. hotel franchise for $1.4 billion and its other business that finances Canadian hospitality and restaurant industries, separately. The completion of the transaction is expected to close by the second quarter of this year.
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GE Sells U.S. Hotel Franchise Portfolio Along With Canadian Hospitality And Restaurant Industries Financier
Apple Inc. offers second largest bond sale this year for its capital return plan. The Company has released its fifth multibillion dollar offering since 2013.
Palo Alto, US-based video discovery startup Boxfish bagged $7 million in a Series B funding round led by Atlantic Bridge to beef up its workforce and expand into new markets.
The OUE Commercial Trust, a spinoff from Singapore-based OUE Ltd, plans to give a yield of 6.8% for its $315 million IPO, according to sources interviewed by Bloomberg.
Perth, Australia-based mining firm Mirabela Nickel Ltd secured a $45-million (A$50.7-million) loan from its note holders in an interim financing deal as the Rothschild Capital Funds looks for investors for the troubled miner.
Tribune to meet California's Rep. Henry Waxman to discuss concerns over spinoff's impact on Los Angeles Times
Tribune Co., which planned to split its newspaper division from its TV-broadcasting division in July, said that it intends to meet with Rep. Henry Waxman to dicuss his concern about the spinoff's impact on the Los Angeles Times.
Facebook chief executive Mark Zuckerberg to sell $2.3 B worth of shares as part of $3.9 B follow-on offering
Facebook chief executive Mark Zuckerberg will be selling 41.4 million shares worth $2.3 billion as part of Facebook's follow-on offering of 70 million shares. The said stock offering is worth a total of $3.9 billion.
According to sources interviewed by Bloomberg, Cairn India is planning to buy back USD 1 billion worth of shares in order to give Anil Agarwal more control of the company.
Johnson Controls Inc. on Wednesday announced that it would increase its share repurchase program by USD3 billion. The company also said that it would increase its quarterly dividend to USD22 per common share.
After its July buyback of shares held by Third Point, Yahoo! Inc has increased its share buyback authorization by USD 5 billion. The company also aims to offer convertible notes worth USD 1 billion.
Bank of America Merrill Lynch or BofAML has topped Citibank and Morgan Stanley in executing deals in India for the past 11 months, completing transactions worth USD 7.96 billion.
OneWest Bank is planning a dividend payout of USD 1 billion to its investors before it holds an initial public offering next year, according to sources who have knowledge of the matter.
Barton Equity Partners and Tuckerman Capital extend financial assistance to Pacific Northern and its management in its dividend recapitalization undertaking for its expansion in the luxury market.
NMI Holdings raised USD 27.3 million in a share sale after selling the shares at the top end of its price range.
BP Plc's recent quarterly report showed a bright investor future amid an overall glum oil and gas industry.