Empire Co, Sobeys' operator, announced its planned acquisition for Safeway Canada for Can$5.8 billion that will close later this year after regulatory approvals.
Regions
US$1 Billion IPO Pricing Raised By Coty Shareholders
Fragrance maker Coty raises its initial public offering to US$1 billion on behalf of its shareholders making shares priced at midpoint of the proposed range.
Russian Billionaire to Sell Off Aeroflot
Russian billionaire Alexander Lebedev is in talks to sell 4.5% of his stake in the country's flagship carrier, Aeroflot.
RBS Board Decides for CEO Resignation Prior IPO
CEO for Royal Bank of Scotland was persuaded by the bank's board to step down to enable his successor to be in place prior the government's sale of its 81% stake.
Apollo Tyres fell by 18% After Cooper Deal
India-based Apollo Tyres Ltd shares were down by 18% after the announced US$2.4 million deal to acquire Cooper Tire & Rubber Co. due to worries of the company's debt.
Latest News
According to sources, Numericable hired Rothschild to work on a Eur5 billion Paris Stock Market debut within the year.
Five hedge fund rivals top the list of possible investment alternative firms after an estimated US$3 billion to US$4 billion outside money leaves SAC Capital Advisors by year end.
Vodafone confirmed that the company is pursuing its informal offer to Kabel Deutschland which was priced EUR81 per share.
The board of Clearwire Corp. recommends the proposed bid from Dish over Sprint Nextel even before the hostile bid was raised.
Royal Bank of Canada announced looking for C$5 billion wealth acquisitions according to its CFO, Janice Fukakusa.
Clearwire Corp's board has urged its shareholders to accept the offer proposed by Dish priced at US$4.40 over the US$3.40 offer from Sprint.
Coty Inc, the perfume maker to the elite, is undertaking an IPO that is below market value with many provisions.
Exxaro announced the completion of its investments in two wind farms located in the Eastern Cape Province of South Africa.
Legal and General Group announced its plans for investments hinged on the government's changes in its policies.
