Mexican real estate investment trust is set to have a total of 233 properties after it completes its acquisition of a Mexican property portfolio from U.S. Kimco Realty Corp. and its partner American industries for $600 million.
North America
CPG International Engages Banks for US$1.5B Sale
CPG International owners engages banks for its sale at a possible value of around US$1.5 billion. CPG International, the building materials maker, is being prepared by its ownership for a sale.
Apache Corp Shaken Up Activist Investor Style
Apache Corp is undertaking corporate moves to improve its bottom line. Houston based natural gas and oil producer, Apache Corp will be undertaking major changes with its balance sheet.
Fidelity National and Thomas H. Lee Discussing Possible Acquisition of Lender Processing
Fidelity National and Thomas H. Lee discuss acquisition of Lender Processing for US$133 per share. According to a report from Reuters, a source knowledgeable of the matter related that Fidelity National Financial Inc and Thomas H.
GE Co. May Spin Off Financial Arm Through IPO
General Electric Co. is planning to spin off parts of GE Capital through an initial public offering as it pursues its aim to cut the size of the business, Jeffrey Immelt, company's chief executive, said.
Latest News
Royalty Pharma lowered the acceptance threshold for its increased bid with $6.4 billion for Elan to 50 percent plus one share as it seeks enough support to acquire Elan, an Irish drug firm .
Hospitals team with medical research facilities to protect themselves against higher costs (Photo : Reuters)Hospitals with improved medical care for elderly patients, and reduced deadly errors are estimated to get millions of dollars under an incentive program that aims to cut overall Medicare costs.
Clearwire Corp. has agreed on the buyout offer from Sprint Nextel Corp. despite disappointed minority shareholders .
VL Automotive, a venture between Former General Motors Co. executive Bob Lutz, China's Wanxiang Group and industrialist Gilbert Villarreal, is bidding to acquire Fisker Automotive through a prepackaged bankruptcy deal.
Wanderful Media receives new US$9 million capital infusion. In an announcement by Wanderful Media today, it disclosed that it was able to secure an additional US$9 million capital from its current investors.
CIBC is gearing to expand its private wealth management business in Central Canada and Atlantic provinces.
Yahoo hedges on the audience base of Tumblr to push Yahoo out of the doldrums. Yahoo! Inc CEO Marissa Mayer is betting the future of the largest US web portal on the success of its acquisition of a six-year old start up firm with little revenue generation systems and a relaxed policy on content created by its users.
Softbank to issue second batch of bonds to fund Sprint bid. Softbank Corp, in its bid to takeover Sprint Nextel Corp, is now planning to sell off 400 billion yen or US$3.
Grifols acquires exclusive licensing agreement as well as future shares in Aradigm. In an announcement, Grifols SA said that it was signing an exclusive licensing agreement for Aradigm's Pulmaquin and othe proprietary drug concoctions on inhaled ciprofloxacin.
