Fiat announced today that it will increase its stake on RCS Mediagroup. Fiat's chief executive officer Sergio Marchionne announced today that the carmaker from Italy will increase its stake in depreciating publisher firm, RCS Mediagroup.
Investors
RPT-Olympus reflects share offering of JPY100 billion
Japanese manufacturer is considering 100 billion yen share offering, the first in 32 years. Japanese manufacturer Olympus Corp is reflecting on releasing up to US$991 million (JPY100 billion) of new shares to finance the study of its endoscope business as well as further its medical business into developing nations.
ISS recommends Dell's CEO offer
Michael Dell's offer was backed by the Institutional Shareholders Services. Dell Inc announced today that proxy investment advisory firm ISS recommended the US$24.
Foreign investments in the Philippines to be laxed
The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.
French investors fear local economy
Investors from France are cutting back on investments due to fears of high interest and foreign competition.
Latest News
A group of Alere shareholders expressed their desire to exit its non-core businesses and wants support at its annual board meeting.
Synagro Technologies and its main stockholders agreed to sell the company to EQT Infrastructure II through a plan of reorganization.
Renault and Donfeng Motor Group hoped to close a deal worth US$1.6 billion this month. On Monday, Renault, a French carmaker, and Dongfeng Motor Group hoped to end up with a deal later this month.
TPG was about to purchase TSL Education for GBP400 million because it was attracted by TSL's network of 52 million teachers.
Nairobi Securities Exchange offered exchange-traded funds for individual investors. The Capital Markets Authority said in an emailed statement that the Nairobi Securities Exchange would be offering exchange-traded funds.
CFR Pharmaceuticals has embarked on a South African road show starting June 08. Chilean generic drug producer CFR Pharmaceuticals has embarked on a South African road show starting June 08.
Oil prices and dividend yields causes rise in Russia stocks, says Citigroup analyst. Russian stocks were driven by dividend yields and oil prices, according to analysts in Citigroup.
Retail Holdings wanted an IPO up to US$200 million for Singer Asia. Retail Holdings NV was reported to seek up to US$200 million in an upcoming initial public offering of Singer Asia Ltd, said three anonymous sources.
Greece was expected to receive Eur8.1 billion from Euro-area finance ministers. Euro-area finance ministers were expected to approve Greece's newest disbursement of bailout assistance.
