CNOOC agrees to pay $15.1 billion to purchase Canadian gas and oil company Nexen Inc. Calgar, Alberta-based oil and gas company Nexen Inc. announced that it was acquired by China's CNOOC Ltd.
Investors
Carlyle Sets Sale of Arinc to Aerospace Industry Rivals
Carlyle expects interest from its larger rivals in the industry for its defense firm Arinc Inc. Private equity company Carlyle Group LP has been in preparation for the sale of aerospace and defense firm Arinc Inc.
TPG Acquires Assisted Living for About $278 Million
Assisted Living Concepts reached agreement to be sold to private investment firm TPG for about $278 million.
AB InBev Talks with US Justice Department on a Purchase Deal
AB InBev has been negotiating with the Department of Justice to settle lawsuit filed by the government to block its deal to acquire Mexican Group Modelo.
First Quantum to Extend C$5.1 Billion Bid for Rival Inmet Mining Corp.
First Quantum may slightly extend its offer for Inmet as it resolves regulatory barriers, its president, Clive Newall, disclosed.
Latest News
The investment arm of Tower Ltd. was purchased by fund manager Fisher Funds for NZ$79 million. New Zealand's insurance firm Tower Ltd. said its investment arm was sold to fund manager Fisher Funds in a NZ$79 million deal as it nails down its business focus, the company announced.
The following bids, mergers, acquisitions and disposals were reported on Tuesday. The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday: - Polish state-owned utilities PGE and Energa agreed to buy Iberdrola's 75 percent stake in Renewables Polska for 840 million zlotys ($268 million), PGE said on Tuesday.
Vodafone claims ability to expand in Europe under current circumstances. Vodafone in an announcement said that it need not sell its stake in its venture with Verizon Wireless in order to be competitive in Europe.
PPR sells off assets. In a report by French newspaper Les Echos, PPR, the French luxury and sports brand is in discussion with Nordic Capital for the sale of Ellos, the Scandanavian subsidiary of its Redcats line.
Wells Fargo takes hit on Heinz purchase. According to Moody's Investors Service Inc, Wells Fargo's credit profile took a hit for itsparticipation in the financing of the HJ Heinz Co purchase.
Carestream up for bids. Medical imaging and healthcare technology solutions provider Carestream Health Inc is now in the process of searching for a buyer for its assets.
Vivendi's sale of GVT postponed due to lukewarm price offers. Vivendi is postponing the sale of GVT, its Brazilian telecommunications unit after the French consortium failed to receive purchase offers amenable to its price.
Richter partners with marketing arm to conquer Chinese market. Richter, the Hungarian drug maker has just entered into a joint venture partnership to be able to market its products better in the world's largest market, China.
Apache Partners opens up to new markets with new Global Fund. The UK based investment advisors Apache Partners LLP, founded by Paul Forsyth has recently announced a new fund starting March 22, 2013.
