On Wednesday, QVT Financial LP said that it would support the slate of activist investor First Manhattan Co as it proposed to change the board of directors at Vivus Inc.
Investors
Troy Resources to proceed with Azimuth compulsory acquisition
Troy Resources announced that it would proceed with Azimuth compulsory acquisition. Troy Resources Limited announced on a press release that its interest in Azimuth Resources Limited now amounted to 93.
SK to review bids for US$7.31 billion fighter jet contract
South Korea will decide next week whether to proceed with the auction for the supplying of 60 next generation fighter jets worth US$7.31 billion.
Kenya to introduce derivatives.
Kenya stated plans to introduce derivatives into its market. Following Kenya's equity trading volume decline in its stock exchange, which is also the region's largest, Kenya announced plans to introduce real estate investment trusts and derivatives, Kenya's financial-markets regulator said.
Lenovo: No plans to issue bonds
Lenovo announced that they have no plans to issue bonds Lenovo Group Ltd, announced that they have no plans to issue bonds in the near term. The decision of Lenovo is based on the global market volatility Lenovo CFO Wong Wai Ming said in a telephone intervier, "The debt market was actually in a turmoil probably a couple of weeks ago.
Latest News
Four state owned banks in China aggressively extended Yuan loans that were unusually large causing alarm among regulators who were trying to strangle distorted credit growth.
Wilson Perumal & Company announced their partnership with The Key To Way. Wilson Perumal & Company (WP&C) announced their newly formed strategic partnership with The Key To Way (TKTW).
UK proposed giving 150,000 free shares to its workers who have been strongly opposing privatization of the company.
Merlin Entertainments chose London over New York for its upcoming IPO. After deciding against a market debut in New York, Blackstone Group LP, CVC Capital Partners Ltd.
Melco International Development Ltd. stated it would buy its way into the Russian entertainment industry.
Macau's Lawrence Ho to invest in a Russian casino resort Lawrence Ho, the Macau gambling magnate, is set on extending his global reach after two of his companies entered into an agreement to build a new casino resort.
On Wednesday, US Senators questioned the head of Smithfield Foods Inc as they looked for answers over the proposed sale of the company to China’s Shuanghui International.
Today, Security One Federal Union and Texas Trust Credit Union announced that it has filed intended merger subjected to regulatory and member approval.
A shareholder of OGX asked a Rio court to freeze transactions of firms related to Eike Batista A shareholder of OGX Petroleo & Gas Participacoes requested a Rio de Janeiro court to freeze asset sales and payments to firms linked with billionaire controller Eike Batista.
