UBS is facing calls from shareholders seeking to split the banking operations from wealth management operations.
Investors
High Road Capital Acquires Dowden Medical Communications Group
High Road Capital purchases Dowden Medical Communications Group. In an announcement, High Road Capital Partners said that its portfolio firm Dowden Medical Communications Group has finalized its second add-on acquisition through the purchase of Tricore.
AmSpec Acquired by Incline Equity
Amspec purchaes Incline Equity Partners. Incline Equity Partners announced today that it acquired AmSpec. Incline is a small and medium business focused equity firm with headquarters in Pittsburgh.
Carlyle Group Hires Energy Investment Team
The Carlyle Group forms its London based energy investment team. A six person energy investment team was hired by the Carlyle Group to take advantage of the forecasted increase in demand for energy and equivalents in the next few years.
Sinopec Kantons IPO Plan Submitted
Sinopec Kantons, a division of state owned Sinopec, is planning an IPO. The logistics and trading unit of Sinopec, Sinopec Kantons Holdings, is planning to raise US$353 million through a stock offer.
Latest News
Smith & Nephew to conduct share buyback programme for its shareholders. Smith & Nephew, the medical devices manufacturer, is now conducting a cash return program to its shareholders through a US$300 million repurchase program.
APTT seeking to raise funds to repurchase shares and pay off debts. Asian Pay Television Trust is planning to raise at least US$1. 1 billion in high yield securities to fund the purchase of the third largest cable television operator in Taiwan.
Berkshire Hathaway sells off around 1.75 million Moody's shares. Berkshire Hathaway Inc announced that it had sold off 6. 1% of its stake in Moody's Corp.
Cerberus Capital completes CIP V in the amount of US$2.61 billion. Cerberus Capital Management LP completed its fundraising activities for its latest private equity fund.
MNGV to build RM7 billion gas plant in Tanjung Langsat, Johor, Malaysia. Malaysian NGV Sdn Bhd will be building a RM7 billion or US$2. 30 billion regasification facility to be located in Johor, Malaysia.
Glass Lewis has advised Morgan Stanley shareholders that it should veto the executive pay plan proposed, as the compensation is not correlative to performance.
ING priced IPO below price range set but sold more shares at offer. The American subsidiary of Dutch Financial Services firm ING Group had priced its initial public offering at US$19.
Due to the lack of Egyptian regulatory approval, the EFG Hermes and QInvest deal was terminated. EFG Hermes is one of the largest investment financial institutions in the Gulf region.
In an all stock deal, Kinder Morgan Energy purchases Copano. The role shale oil production in the United States continues to drive the growth of the energy sector.
