Magazine publisher Time Inc. purchased the publishing arm of American Express Co as part of its plans to spin off from its parent Time Warner Inc.
North America
Verizon bond sale to generate USD49 billion to fund Vodafone buyout
Verizon Communications Inc. latest corporate bond sale was expected to fetch around USD49 billion. The financial market would be expecting Verizon Communications Inc.
ALung Technologies raises USD 15.8 million in Series B-1 round
ALung Technologies closed its Series B-1 financing with USD 15.8 million to commercialize its Hemolung Respiratory Assist System.
Corridor Capital acquires majority stake in Innovative Office Products
Corridor Capital purchased Innovative Office Products for an undisclosed amount. Private equity firm Corridor Capital closed its acquisition of Innovative Office Products (IOP).
Adventus Realty Trust inks deal to purchase Crossings office complex for USD 35.5 million- sources
Sources told ChicagoRealEstateDaily.com that Adventus Realty Trust would buy Crossings for a price tag of USD 35.5 million.
Latest News
Wynnchurch Capital announced its plans to exit its mineral firm and two of its automotive parts companies.
A released August report by the Treasury Department indicated that the US government would be looking to exit American multinational automaker General Motors (GM) as the state recently sold USD811 million of GM's common stock.
According to Motorola CEO Dennis Woodside, the factory is able to produce 'tens of millions' per year.
Voters rejected the casino proposal of Hard Rock International for West Springfield, Massachusetts. The casino proposal of Hard International for West Springfield, Massachusetts was rejected by voters in West Springfield, Massachusetts.
On a September 12 meeting at Dell Inc's headquarters in Round Rock, Texas, the company was expected to announce that CEO Michael Dell and Silver Lake Management LLC got shareholder approval to proceed with the USD24.90 billion leveraged buyout.
About 350,000 shares were sold by Best Buy CEO Joly to pay for divorce but this does not dilute his shareholdings in the company.
The settlement paid out to investors for the collusion between Gen Re and AIG was already approved by US District Judge Deborah Batts.
In an interview with Bloomberg News, China's richest man Wang Jianlin has hired two investment banks to assist his company in planned acquisitions of hotel management companies in the US and London.
The financing aspect of the leveraged buyout of Dell Inc by CEO Michael Dell and Silver Lake Partners was discussed for finalization.
