MetroPCS is urging its shareholders to approve its merger with Deutsche Telekom AG's unit T-Mobile USA Inc. amid criticisms.
Investors
Nasdaq Acquires eSpeed Platform
Nasdaq OMX purchases the eSpeed platform from BGC Partners. In recent announcement, Nasdaq OMX Group Inc. has acquired from BGC Partners Inc its eSpeed platform.
Danoff's Fidelity Contrafund Cuts Apple Shareholdings
Fidelity Contrafund is slowly selling off its Apple shareholdings due to price decline. Fidelity Contrafund, the US$92 billion fund built by portfolio manager Will Danoff, has undertaken a process of cutting the fund's shareholdings in Apple.
Hess Corp. Makes Sale of Russian Unit to LUKOIL
Hess Corp. has announced that it is selling its Russian unit, Samara-Nafta, to LUKOIL in a $2.05 billion deal as activist investors besiege the company for a business change
Visi Media Sees Shares Increase After Buyout Proposal
Shares in PT Visi Media Asia Tbk have increased dramatically following a buyout offer from Chairul Tanjung, the fifth richest man in Indonesia.
Latest News
The bond issue offered by Oregon amounting to US$204 million is backed by lottery revenue. The Department of Administrative Services of the State of Oregon is now offering US$204 million worth of bonds to the market.
Horsburgh & Scott, the renowned gear manufacturer, has been acquired by private equity firm GenNx360.
Taylor Morrison to offer 23.8 million shares in its IPO and is expecting a return of nearly US$524 million.
Lear Corp has avoided a proxy fight with major private equity investor firms through an agreement increasing the rate of its share buyback program.
Toronto-based Dominion Diamond Corp. said regulators have approved its plan to buy BHP Billiton's Ekati diamond operations in Northwest Territories, Canada.
American Greetings is privatized by the Weiss family. The founders of American Greetings Corp have reached an agreement to purchase the gift card and party goods firm.
The auto parts maker has dodged a proxy war with investors Oskie Capital Management LLC and Marcato Capital Management LLC by deciding to increase its share buyback program.
With the lack of interested buyers, the financial future of Pan Ocean and the STX Group is in jeopardy.
Suncor, with its plan to ship to refineries directly instead of building an upgrading plant assures better returns for shareholders.
