KKR & Co LP, a US private equity fund, had acquired a substantial minority stake in Weststar Aviation valued USD200 billion, said a Reuters report.
Investors
Citigroup hires Attolico, Di Stefano to run Italy investment bank
Citigroup Inc. had hired Leopoldo Attolico and Pierpaolo di Stefano to run its investment banking operations in Italy, said a Bloomberg report.
BlackBerry more open to company breakup
BlackBerry, a Canada based struggling smartphone manufacturer, had been more open to a company breakup amid concerns that its biggest shareholder Fairfax Financial Holdings Ltd would not be able to find funds or partners for a proposed USD4.7 billion buyout deal.
IOC's sole bid for Haldia Petrochemicals to be opened today
Indian Oil Corporation remained to be the sole bidder for the 31% stake of Haldia Petrochemicals, said The Economic Times report.
Obama seeks immediate solution for stalled military death benefits
US President Barack Obama directed government lawyers to find an immediate way to resume payments for the families of killed soldiers in Afghanistan, said a Reuters report.
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Men's Wearhouse had rejected the takeover offer of Jos. A. Bank valued at USD2.3 billion in cash as the company deemed the bid to be inadequate, said a Reuters report.
After a Moody's advisory, Winsway was able to leverage a buyback of its bonds at a third of its original value.
For the price of USD1.6 million, Lionbridge Technologies gains a foothold in the Chinese market as well as expand its revenue clientele through the acquisition of E5 Systems.
After receipt of shares in Seagate Technology as payment, Samsung is now reselling the shares back to the Dublin based firm for USD1.51 billion.
Rhiag had entered into definitive agreements for its acquisition by Apax Partners through its Apax Fund.
In its latest Series A funding round, TempoDB would be expanding and developing its sensor and measurement data storage systems.
Spinal medical device company LDR Holding would hold an IPO over five million shares of common stock this week.
Warburg Pincus' Antero Resources had priced above its planned IPO range that valued the company at USD11 billion, said a Reuters report.
Mossi Ghisolfi's Chairman said last Wednesday that the company had been looking to expand globally through a Hong Kong listing of about a third of its M&G Chemicals unit by end of the year.
