Gibson Guitar, a producer of electric guitars, says it was purchasing majority share in Japan's TEAC Corp. for 4.88 billion yen.
Investors
Bond Safety Sought by Investors
At the height of the Cyprus bailout drama, investors sought safety in bonds for the meantime. According to monthly poll conducted by Reuters of asset managers, global investors grew ever more cautious this month.
UPDATE - Dell Fires Back on Risk of Remaining Public
Through a proxy statement, Silver Lake and Michael Dell extolled the virtues of their bid as against the offers of Icahn and Blackstone.
Toys R Us Withdraws IPO Proposal
Due to internal issues and weak market conditions, Toys R Us withdrew its IPO proposal. Toys R Us Inc formally withdrew its initial public offering proposal last Friday.
UPDATE - More Pressure against MetroPCS-TMobile Deal
Glass Lewis, the second largest proxy firm in T-Mobile, has voiced its opposition to the standing merger with MetroPCS.
Latest News
Turkish airline Pegasus Airlines will be launching an IPO of a third of its shares, with most of its stake to be allocated to foreign investors.
Amazon.com Inc., world's biggest online retailer, is making a deal to buy Goodreads, a book recommendations site, as it starts into bookselling.
Russia's A1, billionaire Mikhail Fridman's investment group, wants to file case against the planned merger of Tele2's Russian unit and state-run bank VTB, saying that it has the right to purchase Tele2 unit.
Clark Hill PLC and Thorp Reed & Armstrong LLP announced that they will merge to create a combined firm that would help them provide more value to clients.
NeoPhotonics said that it had closed its acquisition of the LAPIS Semiconductor's semiconductor optional components business unit, which operates as the former's Japanese subsidiary.
Hoping to maximize the wave of increased health care demand in Asia, Sanofi is building a new factory in Vietnam.
Despite the criticisms, the Hong Kong government is now making company director information private.
ISS has advised its shareholders to reject the proposed merger as it is biased against T-Mobile allowing more options for MetroPCS in the long run.
NEC is in discussion with Lenovo and other buyers as to the possibility of divesting its mobile phone business.
