HSBC Plc's Life Insurance Unit For Sale

Two global insurers are in the running to purchase HSBC Plc's life insurance unit in India. Manulife Financial Corp of Canada and its Indian afflilate Standard Life Plc are among the bidders for the HSBC Plc's Indian life insurance unit.


Telefonica Colombia to Offer IPO

After approval of the Colombian government, the plan of Telefonica SA is to offer its Colombian unit for public listing in an IPO.

EFSF Gets Windfall on Asian Demand for Bonds

The European Financial Stability Facility was met with strong Asian demand for five year securities at interest of 0.875%.

Agrium sweeps board seats as Jana calls for investigation

Canadian fertilizer company Agrium Inc defended the election of its entire slate of directors to the 12-man board as hedge fund Jana, Agrium’s biggest single shareholder, called for an investigation of the vote.


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As an alternative to the Sprint Nextel offer, Aurelius Capital Management has offered US$80 million in financing to Clearwire.
Thermo Fisher, the largest scientific equipment and laboratory instruments manufacturer has sent a binding offer for Life Technologies, the genetics sequence market leader.
Fiat claims ability to buy out other shareholders for Chrysler. The Italian carmaker who manages Chrysler Group LLC, Fiat SpA, said that their resources are already sufficient to be able to purchase the remaining shares from an employee group and there is no need to liquidate new shares to be able to finance the deal.
Southeastern Asset Management calls the evaluation of the Silver Lake-Dell leveraged buyout offer as "flawed".
Tata Steel is planning to sell off UK assets and its Australian business to pay off debts and loans.
Using bailout funds, Russian state owned banks create new business for its benefit. State controlled Russian investment banks of President Vladimir Putin are bullying foreign competitors out of the market, as they are buoyed by a bailout from its Russian tycoon cartel.
VTB purchases minority stake in Tricolor. VTB Capital announced today the purchase of minority shares in the largest Russian satellite TV operator, National Satellite Company, operating under the brand Tricolor TV.
CORWIL acquired by Tonka Bay Equity partners for an undisclosed amount. Tonka Bay Equity Partners announced their acquisition of CORWIL Technology Corporation.
Cleave Biosciences raised US$10 million for its Series A financing. In an announcement, Cleave Biosciences said that it was able to raise for its Series A extension financing from new investor New Enterprise Associates.
Sea World would be offered to the public via an IPO scheduled within the year. Sea World Parks and Entertainment, now owned by Blackstone Group LP, would be offering its shares at initial public offering at a price range between US$24 and US$27 per share.