Construction firm Arabtec has hired Shohidul Ahad-Choudhury, former executive of Deutsche Bank as the new mergers and acquisitions head.
Investors
Schroders Purchases 200 year old Cazenove Capital
Schroders pays GBP 424 million for 200 year old Cazenove Capital. Schroders, the UK based fund manager announced that it would pay GBP 424 million or US$646 million to purchase Cazenove Capital.
CSM Sells Off Business to Private Equity Firm
CSM sells off bakery supplies business to Rhone Capital for Eur850 million. CSM, the Dutch food ingredients conglomerate had announced that it sold its bakery supplies business for Eur850 million or US$1.
Otelco Seeks Bankruptcy Protection
Otelco attributes loss of Time Warner contract and FCC order as causes for the need to seek bankruptcy protection.
Dell Founder to Increase Offer
Dell is now hunkering down to make a better and higher offer than others have made for the company he had founded.
Latest News
CMS is selling its bakery supplies business to Rhone Capital to focus on other profitable ingredients.
Argentina has recently instituted new regulation for investments to curb capital flight and retain dollars.
CVC Capital and RBS has sold off its shareholdings over the Luxembourg based luggage maker Samsonite.
Apple Inc. has purchased WifiSlam, a developer of mapping applications for smart phones. Apple Inc. has acquired WifiSlam, a startup in Silicon Valley that creates mapping applications for smart phones.
A total of 528 million shares in Samsonite International were sold by Royal Bank of Scotland and private equity firm CVC Capital Partners as they exit in the Luxembourg-based company.
The planned merger of Hapag-Lloyd and Hamburg-Sued has been cancelled when the two container shipping companies disagree on some terms.
Gold, corn and natural gas were among the top commodities traded according to figures obtained by Reuters from the Commodity Futures Trading Commission.
Technology giant Apple has recently purchased WiFiSlam for its mapping purposes. Apple is seeking to improve its mapping applications for its smart phones by purchasing Silicon Valley start up WiFiSlam.
Sinopec has concluded a deal to purchase oil and gas assets from its parent company. Sinopec Corp. has reached an agreement with its parent company China Petrochemical Corp.
