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.
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BTG Makes Two Acquisitions in Interventional Medicine
BTG is set to make two acquisitions to create interventional medicine business. (Photo : Reuters)Medical bills are culprit of more than 60 percent of U.
Hospitals Tap Medical Research Facilities to Boost Takeover Stance
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.
Arabtec to do Rights Issue Worth US$650 Million
Arabtec is preparing to do a rights issue worth around US$650 million. Arabtec, the contractor based out of Dubai and partly owned by Aabar Investments of Abu Dhabi, is now preparing for a US$650 million rights issue scheduled on June 9.
Sinopec Share IPO Makes Bland Debut
Sinopec shares open on weak investor demand in the market. Sinopec Engineering, amidst all the hoopla, opened to a weak demand in its market debut Thurday.
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SoftBank Corp. aims to name a security director to the board of Sprint Nextel once it becomes successful in its proposed takeover bid.
VTB, Russia's second largest bank, decides to sell its 10 percent stake in Soceite Generale's Russian unit Rosbank
FF&P returns funds and dividends to is investors, a rare occurrence in Russian corporate life. Garber Hannam & Partners together with Fleming Family & Partners disclosed the final distribution of dividends its the stockholders of FF&P Russia Real Estate Limited (RREL).
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.
Spain is planning to sell 15 year syndicated debt in light of the low yields of previous issues. Spain, in a bid to increase its liquidity, is planning to issue a 15 year bond sale through chosen banks this year.
According to a Reuters report, Alinta is drafting a plan for a US$1 billion debt issue for its TLB debt.
BEH sets meeting for possible investors for its Eur250 million bond issue. Reuters reported that the biggest energy holdings firm of Bulgaria, BEH, will be sitting down with possible investors in its EUR250 million or US$321.
As confirmed by Sony CEO Kazuo Hirai, the proposal put forth by Daniel Loeb of Third Point LLC would be reviewed on its merits.
Emirates NBD to do bond issue. Amidst healthy demand, the Emirates NBD had launched a bond issue worth US$1 billion to allow the Dubai lending institution a focused price guidance.
