Asian REITs improved. REITs or real estate investment trusts in Asia are improving. In Hong Kong, the New Century REIT debut with a gain of 0. 6%. This REIT was backed by the Carlyle Group.
People
Smithfield CEO: No company changes after China deal
C. Larry Pope said that there would not be any change in management following the US$4.7 billion takeover deal of Smithfield Foods Inc by Shuanghui International.
Lawrence Ho invests US$630 million in Russian casinos
Lawrence Ho invested in two Russian gambling resorts valued at US$630 million as a means of overseas business expansion.
Analysts say Ackman hedge fund rumors are false
According to analysts, the Ackman hedge fund and FedEx rumors are false. Rumors of Bill Ackman, a hedge fund operator, supposedly raising money to buy shares in FedEx were false, say analysts.
Troy Resources to proceed with Azimuth compulsory acquisition
Troy Resources announced that it would proceed with Azimuth compulsory acquisition. Troy Resources Limited announced on a press release that its interest in Azimuth Resources Limited now amounted to 93.
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Warner Brothers' last minute bid for Thomas Tull failed to lure the producer; NBCUniversal succeeded.
Heidi Poon was hired as TorreyCove's new vice president. TorreyCove Capital Partners, a multinational private equity firm and real assets investment consultancy company, announced today that it hired Heidi Poon for the position of vice president.
Tech Finance extended its noteholder tender offer expiry date to July 11, 2013. Technicolor announced that the expiry date of Tech Finance's noteholder tender offer would be extended to July 11, 2013, which was originally set for July 9.
Tokyo Stock Exchange Inc. President Akira Kiyota wanted to revive the Japanese markets by targeting more initial public offerings.
Carl Icahn and Southeastern Asset Management planned buyout for Dell Inc. was backed by the company’s shareholder, Yacktman Asset Management.
William Lynch filed a surprise resignation last Monday that could result for Barnes & Noble to redirect its focus to retail selling of its books through outlets.
LVMH Moet Hennessy Louis Vuitton SA bought 80% of Loro Piana SpA making the brothers who led the company billionaires.
Yacktman Asset Management expressed its support for Carl Icahn's buyout offer for Dell. Yacktman Asset Management, Dell Inc's stockholder gave its support for Carl Icahn and Southeastern Asset Management's buyout offer for the PC manufacturer.
Jason Valdina was named as Movable Ink's new vice president. Electronic mail marketing technology provider Movable Ink announced today that Jason Valdina is its new Vice President of Product.
