Investment banks

Taiwan urges Mega Financial to consider merger with rival Chang Hwa Bank

The government of Taiwan has encouraged state-run Mega Financial to consider the possibility of merging with Chang Hwa Bank amidst difficulties in the banking sector.

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Malaysian consortium secures GBP790 million syndicated financing for Battersea acquisition and development

The Malaysian consortium made up of Sime Darby Property, SP Setia Bhd and the Employees Provident Fund, have secured GBP790 million in syndicated funding to acquire the Battersea Power Station in the United Kingdom.

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China set to overtake Japan in this year's outbound M&A deals

China is set to become Asia's leader in outbound corporate acquisitions this year, ending Japan's two-year reign, as the country's appetite for overseas targets expands beyond natural resources and into areas such as food and banking.

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Tomkins explores potential $7 billion sale -sources

Tomkins Plc is exploring a sale that could value the private-equity owned global manufacturer of auto parts and building products at as much as $7 billion, several people familiar with the matter said on Friday.

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Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.

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Poll reveals 31% of investors say fines against banks not enough to change bad behavior

Thirty-one percent of investors said the settlements with regulators and fines issued by regulators against banks for selling shoddy mortgages were not enough to cause a change in the behavior of the lenders, the Bloomberg Global Poll revealed.

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Spotify Valuation Tops USD 4 Billion

Spotify AB has successfully secured about USD 250 million in new financing that values the music-streaming company much higher than USD 4 billion, according to sources. With this in mind, Spotify is now almost shoulder to shoulder with Pandora, which went public in 2011 and is currently valued at USD 5.7 billion.

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Charter nears multi-billion dollar debt financing agreement for Time Warner bid

Charter Communications was reportedly nearing an agreement with investment banks to borrow money for its bid for Time Warner Cable Inc. Charter has held talks with Bank of America Corp., Barclays Plc and Deutsche Bank AG.

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Federal judge approves Jefferson County plan to end bankruptcy

Judge Thomas Bennett of the US Bankruptcy Court in Birmingham, Alabama approved Jefferson County's debt restructuring plan to exit bankruptcy after a 14-hour hearing on Thursday, November 21.

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Jefferson County, Wall Street creditors agree on revised terms to end bankruptcy

Officials of Jefferson County in Alabama said it had arrived at a new agreement with its Wall Street creditors that would pave the way for its exit from its USD 4.2 billion bankruptcy.

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Music service Spotify raises $250 million

Online music-streaming service Spotify has raised $250 million in a new funding round, making it one of the world's most richly capitalized start-ups.

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iSTAR Medical Raises EUR 4 million in Series A Financing

iSTAR Medical SA, a privately held ophthalmic device company and first spinout of Healionics Corporation, today announced it has raised EUR 4.0 million from institutional investors in a Series A financing.

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Weaker currency weighs on Investec's profits

A weakened South African rand led to a drop in the profits of specialist bank and asset management group Investec. Profits declined 1.6% due to the diminished performance of the South African currency.

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Shuaa Capital mulls joint venture partner, loan to bolster growth

Chairman Sheikh Maktoum Hasher Al Maktoum said Shuaa Capital is exploring a joint venture, partial sale or bond as possible avenues to grow the company.

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China's iKang Goubin Healthcare Group eyes US listing

China's iKang Goubin Healthcare is looking to launch an initial public offering, possibly in NASDAQ, next year. Before the proposed exit, iKang secured a USD100 million joint investment by Goldman Sachs & Co. and sovereign wealth fund Government of Singapore Investment Corporation.

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