After two tries, ProMOS Tech was able to sell of its twelve inch fabricating facility to GlobalFoundries.
North America
Clearwire To Tap Sprint Financing Offer Again
Sprint's offer of US$80 million per month would again be utilized by Clearwire. According to anonymous sources, Clearwire Corp is planning to notify Sprint Nextel Corp that it will be utilizing another US$80 million in financing as part of its deal agreed upon with Sprint.
Blackberry Reports Higher-Than-Expected Profit
Blackberry becomes ideal for a potential takeover as it reports good earnings. Blackberry has reported good earnings higher than what analysts expected, making an ideal candidate for a buyout by a larger technology company, said CNBC's Jim Cramer.
Fiat Seeks Credit Line Prior to Chrysler Deal
Fiat to secure credit line to prepare for options in the next move for Chrysler shares. Fiat SpA has reached out to banks for the refinancing of its Eur1.
MidOcean Offers to Purchase EDAC at a Premium
MidOcean through a letter offered to purchase all of the shares of EDAC at a premium higher than Greenbriar.
Latest News
Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.
The merger to become the world's largest airline succeeded its first step after being approved by bankruptcy court.
Fisker Automotive has opted to put workers on furlough in the face of a debt due with the US Department of Energy.
American Realty increases offer to US$6.7 billion for Cole Credit. A week after its inital offer was rejected, real estate investment trust American Realty Capital Properties Inc had increased its bid for Cole Credit Property Trust III.
KKR is seeking to build a US$1.5 billion fund for oil and gas development project investments. In a report from Bloomberg, KKR & Co LP is now raising US$1.
Lehman Brothers, once Wall Street's larger banks, has announced its payout to creditors after its emergence from bankruptcy protection.
Jana Partners is seeking to replace board members and undertake improvements in the Agrium board of directors.
Credit Suisse has purchased the wealth management arm of Morgan Stanley. Morgan Stanley's wealth management subsidiary is being bought out by Credit Suisse.
H.J. Heinz says that it is planning to host a shareholder meeting to allow investors the time to think about your house and expenses.
