Exxon taps Barclays to assist in auction of its stake in Castle Peak. In a bid to sell up to US$2 billion worth of stocks, Exxon Mobil Corp has opted to sell its interest at an auction for the Hong Kong power venture it had ended a year ago.
Investors
Wynn Retracts Allegations in Lawsuit
Wynn Hotels retracts allegations and modifies complaint. According to former Wynn director Kazuo Okada, some of the allegations made by Wynn Resorts Ltd were retracted in the lawsuit filed by the hotel chain against him.
Zamil Acquires Advantec Coils
Zamil purchases remaining stake in Advantec to be full owner. Zamil Industrial Investment Company has recently announced that it has completed the purchase of Advantec Coils Private Ltd.
Royalty Pharma Stands by Offer for Elan
Royalty Pharma offers US$6.6 billion for Elan purchase. In a standoff, Royalty Pharma has reiterated its offer to purchase Elan, the Irish pharmaceutical firm on the same terms despite being previously rejected.
Euronext Sells Stake in India Bourse
NYSE Euronext sells stake in MCX Mumbai. NYSE Euronext has offered to sell 4. 8% of its shareholdings in India's biggest commodity bourse, Multi-Commodity Exchange of India.
Latest News
Rosneft to start with oil for loan deal with Glencore and Vitol. Russian crude oil conglomerate Rosneft has entered into separate long term crude supply contracts with Glencore International and Vitol for supplies amounting to 67.
Johnsons Controls Inc to sell of all electronics related units and divisions. Johnson Controls is looking into the possible sale of its automotive electronics unit.
The U.S. largest auto supplier is rejecting speculations that it is planning to sell its automotive interiors business, saying it is actually looking forward for the sale of automotive electronics unit.
CME Group Inc.'s chief financial officer James Paris says that they are open to potential mergers and acquisitions if opportunities for shareholder value were to arise.
The Canadian Radio-television and Telecommunications Commission (CRTC)is set to open public hearings on May 6 on BCE Inc.'s C$3 billion proposal to buy Astral Media.
Kroenke Sports & Entertainment LLC has delivered a counter $8.75 per share proposal to buy Outdoor Channel Holdings, which had already received offer from rival Leo Hindrey's InterMedia.
Investor AB pays for 45 kronor per share of six million shares of Active Biotech. Active Biotech AB's share values rose to its highest levels after an 8% stake in the company was purchased by AB.
Regulators approves Glencore purchase of Xstrata Plc. The US$35 billion takeover of Xstrata Plc has been approved by the South African antitrust regulators.
South Korea's Samsung will be acquiring 3% Share in one of Apple Inc.'s Asian key display suppliers, Sharp Corp., as it dominates in overseas markets.
