HD Supply is planning to hold an IPO to raise funds for the housing market. HD Supply Holdings Inc, the industrial and construction supplies distributor has filed for a US$1 billion initial public offering.
Investors
Delay in Hudson City-M&T Deal Ruling Expected
Concerns about money laundering and violations of the Bank Secrecy Act hold back M&T Bank's purchase of Hudson City Bancorp Inc.
Wind Uses Sirti and Huawei in New Project
Wind of Italy is investing on a 4G network powered by Sirti and Huawei. Wind, the Italian mobile phone operator, is now investing US$1. 3 billion to build a fourth generation mobile broadband network to become more competitive against rivals Vodafone and Telecom Italia.
US$4.7 Million in Series B for PrePlay Sealed
Preplay raises US$4.7 million in Series B funding. At the relaunch of PrePlay Inc's MLB PrePlay v2. 0 for Android and iOS, the company announced the closure of their Series B Financing at US$4.
Slim Now Can Enter Television Industry
The world's richest man can now get a license to operate a pay for TV service. Carlos Slim, the Mexican billionaire, is now undertaking an aggressive incursion into the Mexican television market to take advantage of the benefits provided by new legislations passed on telecommunications.
Latest News
Heineken is reviewing its options, including selling its shares to Hartwall. Dutch brewer, Heineken, is planning to sell its Finnish subsidiary Hartwall to Hartwall Capital.
Japan's railway and real estate group Seibu Holdings has opposed the renewed attempt of Cerberus Capital Management LP to increase its stake in the company to 44.7 percent.
Lippo Group would undertake three separate IPOs for its units. One of the leading Indonesian conglomerates, Lippo Group, is aiming to make US$300 million for IPOs of its banking, healthcare and information technology units.
Beleaguered company J. C. Penney Co Inc has engaged the services of Blackstone Group LP's financial advisory arm for their expertise on how to best position the firm financially, according to sources.
In a push for diversification, DreamWorks Animation purchases the worldwide rights for Troll Doll Toys.
JAB purchases DE Master Blenders for Eur7.5 billion. The Reimann family investment arm Joh. A Benckiser has entered into an agreement to purchase DE Master Blenders 1753 NV for the price of Eur7.
Elan shareholders approve buyback plan to avert takeover bid from Royalty Pharma. Shareholders of Irish drug maker, Elan, approved a US$1 billion or GBP651 million share buyback approval.
KKR's Asia Fund purchases Warburg Pincus shareholdings in Alliance Tire Group. KKR & Co LP has entered into an agreement to acquire a controlling stake in Alliance Tire Group.
We Are Hunted, a music streaming service on Twitter, was recently bought out by the social media network.
