The following bids, mergers, acquisitions and disposals were reported on Wednesday. The following bids, mergers, acquisitions and disposals were reported on Wednesday:Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion of stock if they join his campaign to stop the computer maker from going private.
Investors
Microsoft Discusses to Buy Nokia Devices
A online WSJ report on Wednesday said that the early discussions between Microsoft and Nokia to purchase the latter's device unit have faltered with no chance of getting renewed.
Forest Laboratories Considers Bid for Elan Corp
According to sources, Icahn-backed Forest Laboratories is among mid-sized drug makers to eye for Elan.
Britain Ready to Start Lloyds Sale Soon
Britain is ready to sell off its 39% stake in Lloyds and is evaluating whether to break up RBS according to Finance Minister George Osborne.
Icahn Repeats Pledge for Dell Buyback
Carl Icahn reiterated his interests in owning Dell and said that the US$5.2 billion refinancing from the investment bank is expected in the next couple of weeks.
Latest News
A new CEO and new funding greets the future of STAT-Diagnostica. (Photo : Reuters)This is an image of a commonly used procedure in medical diagnostics, electrodes on skin to measure movement and activity.
Kudu, the Saudi Arabian fast food chain, is set to sell off its majority shareholdings to private bidders.
Softchoice Corporation completes privatization deal through an arrangement set up by Birch Hill Equity Partners.
Sweden sells off the remaining shareholdings in Nordea Bank. Sweden has sold the remaining half of its stake in the biggest bank in the region, Nordea, The sale netted US$3.
Fairfax increases its shareholdings to 42% in Eurobank. Fairfax Financial Holdings would be raising its shareholdings in Eurobank Properties, the real estate firmn from Greece.
SoftBank is nearing the completion of the acquisition of the Sprint Nextel deal. SoftBank Corp of Japan had completed another step in its current bid to acquire Sprint Nextel Corp, the US wireless provider.
The Austrian construction group Alpine Bau claims insolvency, and stands to be the largest ever in Austrian history.
The Belgian regulatory authorities have imposed fines on former CEOs and insurer of Fortis because of delayed information or incorrect information dissemination.
Many hedge fund managers fear extension of Eurozone debt crisis as well as local bank issues hovering over the financial markets.
