Harry Winston is now a Swatch unit to be headed by Nayla Hayek, daughter of Swatch group founder Nicolas Hayek.
Investors
Actavis and Warner Chilcott in Discussions
Actavis and Warner Chilcott are exploring options for a merger after Actavis failed to merge with Valeant.
Proxy Advisory Firms at Odds over Sprint Bid for Clearwire
ISS and Glass Lewis provide opposing advisories to Clearwire shareholders regarding the takeover bid of Sprint-Nextel.
Icahn Offers Own Money in Dell Bid
Icahn, in a bid of bravado, offers a couple of billion of own money for Dell bid. Billionaire investor Carl Icahn, who has just informed the Dell board of an intention to bid for the company with Southeastern Asset Management, told Reuters that he is willing to contribute a couple of billion of dollars in order to finance a bridge loan worth US$5.
Bill for Venture Capital Money Passed
Wisconsin bill for state backed venture capital fund proposed. A bill whose main provision would place US$25 million in state money to fund start up companies in Wisconsin has passed the first reading in its state legislature.
Latest News
JAB files for regulatory approval of the offer sheet for DE Master Blenders. Joh A Benckiser, the German food conglomerate, together with other co-investors are preparing to apply for regulatory approval of their offer sheet to purchase Douwe Egberts Coffee.
True Religion Apparel sold to TowerBrook Capital. In an announcement today, True Religion Apparel, Inc disclosed that it has entered into a merger agreement with TowerBrook Capital Partners LP for US$835 million.
Sprouts Farmers supported by Apollo through IPO According to a Reuters news report, organic grocer Sprouts Farmers Markets LLC is financially supported by Apollo Global Management LLC, a private equity firm.
Lloyds pay back Eur3.5 billion of LTRO received from ECB. Lloyds Banking Group had announced that by next week, it would be paying the remaining Eur3. 5 billion or US$4.
In a watershed moment, Warburg Pincus raises US$11.2 billion. One of the largest private equity funds raised since the 2007 crisis has been put together by Warburg Pincus LLC.
Greece is again selling a three month treasury bill to pay off a previous issue. Greece will commence the auction of Eur1. 0 billion or US$1. 29 billion treasury bills with a term of three months from issue.
Nigeria is preparing to sell nearly US$1 billion of Eurobonds. According to Nigerian Finance Minister Ngozi Okonjo-Iweala, Nigeria is planning to sell US$1 billion worth of Eurobonds.
Vitol, in a move to boost profits, purchases the Immingham power plant. The world's biggest oil trader, Vitol, has entered into an agreement to purchase the largest and most modern power plants in Britain.
Taobao.com and Tmail.com are seeking partners as it dominates markets in China among others. The world's largest online retailer, Alibaba Group Holding Ltd is now seeking to find partners for its processing and logistics units as it tries to entice more shoppers from overseas unit right before the conduct of its IPO.
