Z Energy Ltd open for IPO in New Zealand. Z Energy Ltd's owners, a gas station conglomerate that provides one third of all of New Zealand's fuel needs, has appointed a number of banking institutions for the possible sale of as much as 60% of the company on the public bourse.
Investors
Coda Holdings Seeks Chapter 11 Protection
Coda Holdings sought bankruptcy protection in Wilmington, DE, with the Coda Electric Car manufacturing unit as among the assets to be sold off.
QIB CEO Bassel Gamal Says No More Need for Sukuk Issues
QIB CEO Bassel Gamal said that the bank would no longer issue any more sukuk bonds until 2014. The Gulf region's largest sharia compliant banking institution in terms of assets, the Qatar Islamic Bank, has said that it is not expecting to issue more Islamic bonds before 2014.
Emma Delta Increases Bid for OPAP
Emma Delta, as required by the Athens government, increases its bid for OPAP, the Greek gambling monopoly.
Melrose Sells Tyman for US$200 Million in Cash
Melrose Industries sells off Tyman Hardware for US$200 million. Melrose Industries Plc, the engineering turnaround specialist, has announced that it would be selling off its North American hardware company.
Latest News
Glass Lewis changes tune on Occidental Petroleum Chairman Ray Irani. Investor advisory firm Glass Lewis has made an about face on its recommendation for voting preferences for Occidental Petroleum Executive Chairman Ray Irani.
Uber is said to be in venture financing discussions despite CEO pronouncements. Uber, the fast growing alternative taxi transportation service is now in discussion with a venture capital firm about a new funding round that is forecasted to value the company at about US$1 billion.
Carl Icahn increases stake from 9.27% to 10.72% in Nuance Communications. Activist billionaire investor Carl Icahn has increaseed his shareholdings in software manufacturer Nuance Communications.
Merck and Pfizer announce deal for the inclusion of ertugliflozin into current diabetes drug portfolios of the companies.
Apple, in the largest bond deal for the year, offers US$17 billion to assuage shareholder fears over falling profits and declining growth.
Yahoo, because of objections from the French government, has withdrawn its bid to acquire DailyMotion.
Two private equity consortiums are bidding for BMC Software. A private equity consortium consisting of Bain Capital LLC and Golden Gate Capital Corp has become the leading bidder to purchase BMC Software for over US$6.
Veeva System to list IPO with the help of Morgan Stanley and Deutsche Bank AG. Software company, Veeva Systems, is planning to undertake an initial public offer of its shares.
Despite calls for his resignation, Vivendi Chairman Fortou remains steadfast in his plans for the company.
