DLF chooses eight banks to manage its IPO to comply with SEBI guidelines. DLF Ltd of India is in deep planning to sell off 81 million shares through institutional placement sales with eight banks.
Regions
Betfair Increases Profit Forecast to Avoid Acquisition
Betfair puffs up to block CVC Capital's takeover bid. On Tuesday, the online gambling company Betfair increased its profit forecast which included the company's target on cost savings.
Euroling Acquired by EPiServer
Euroling has been purchased by EPiServer for the enhancement of its search engine SiteSeeker. EPiServer disclosed its purchase of Euroling, the Sweden based search provider.
Kopetz Recapitalized by LMW2
Kopetz recapitalized through LMW2 capital infusion. Sikich Investment Banking disclosed its recently concluded deal, the recapitalization of Kopetz Manufacturing, Inc by LMW2 Partners, a private equity firm.
ECI to Plan IPO
PT Electronic City Indonesia or ECI is planning to raise US$150 million through an IPO. One of the largest electronics retailers in Indonesia, PT Electronic City Indonesia (ECI) is now planning to raise nearly US$150 million through an initial public offer on June 2013.
Latest News
Web video start ups prepare for IPOs as market continues rapid growth. The skyrocketing demand for web commercials that play alongside video clips that fuel growth in marketing startups.
BlackRock, Vanguard and Fidelity remain on the fence as to the approval of the recommendation to separate CEO and Chairmanship duties.
Sunstone Hotel purchases the iconic Boston Park Plaza for US$250 million. Sunstone Hotel Investors Inc has entered into an agreement to purchase the Boston Park Plaza Hotel and Towers.
Three major companies have purchased spectrum from Australia's regulator. Australia's wireless spectrum has been sold off to the consortium of Telstra Corp, Singapore Telecommunications Ltd's Optus unit and TPG Telecom Ltd.
Hochtief AG is returning to its construction roots by the sale of its airport management division. Hochtief AG has entered into an agreement to sell its airport division to the Public Sector Pension Investment Board of Canada.
CMIA to invest in China agricultural businesses and industries through its US$150 million fund. Former bankers at Cargill Inc and HSBC Holdings are now running CMIA Capital Partners Pte.
Baidu acquires PPS online video operations to expand its market share. Baidu. com, the Beijing based Chinese language Internet web search portal announced that it was purchasing the online video operations of PPS for the price of US$370 million.
SeaWorld, after its recent IPO, is seeking a US$1.4 billion loan in order to refinance its debt. The Blackstone Group controlled SeaWorld Entertainment Inc is now seeking a US$1.
The New Zealand government is divesting its interests in private companies in order to curb costs and trim debt.
