Finnair, in a bid to raise cash, sells off Norwegian Air Shuttle shares. Finnair, the official air carrier of Finland, has sold off its 4. 7% shareholdings in Norwegian Air Shuttle in the amount of Eur53 million.
Regions
San Miguel Bond Issue Has Effects
The oversubscription of the San Miguel Corp bond issue brings with its dislocation according to institutional investors.
Weiss Moves from Morgan Stanley to Sailing Capital Management
Michael Weiss, who quit Morgan Stanley in early April, moves to the Chinese equity firm Sailing Capital Management.
Schaeffler AG Would Sell Bonds to Raise Funds
Schaeffler AG to sell off bonds to pay off debts. Schaeffler AG is undertaking plans to raise nearly Eur1 billion or US$1. 31 billion in a bond sale to pay off outstanding debts and refinance loans.
Qatar National Bank to sell off US dollar bonds
QNB in its growth plans, seeks to raise funds through bond issues to capitalize its acquisitions. Qatar National Bank SAQ is planning to sell US dollar denominated bonds as it continues to become the first Arabic financial institution to have an asset portfolio that exceeds US$100 billion.
Latest News
Elan rejects takeover bid of Royalty Pharma, saying it grossly undervalued the firm. The board of directors of Elan, the Irish pharmaceutical company has unanimously rejected the formal bid from Royalty Pharma.
ABB is acquiring Power-One amidst the growing solar power industry. ABB Ltd has entered into an agreement with Power-One Inc for the latter's acquisition for a sum price of US$1 billion.
CP All to acquire Siam Makro in largest Thai on Thai company takeover. The globe's third largest operator of 7-Eleven convenience stores, CP All, is now preparing to acquire Siam Makro Pcl.
TPG Capital is undertaking the sale of UniTrust Finance and Leasing Corp. TPG Capital, the US private equity firm is selling off UniTrust Finance and Leasing Corp of China for US$800 million.
China Galaxy Securities is gauging IPO demand for Hong Kong listing. A brokerage firm controlled by China's sovereign wealth fund, China Galaxy Securities Inc, has started to determine the demand for an initial share sale amounting to US$1.
JP Morgan advises investment cutbacks in light of Gazprom dividend and other factors. JP Morgan Chase & Co has advised its clients to reduce its shareholdings in Russian stocks as OAO Gazprom has proposed a dividend cut.
Silver Lake's bid for Dell would push through amidst the financial and legal consequences written into the offer.
Myrtah Energy has chosen Morgan Stanley and Standard Chartered for its IPO. Mytrah Energy Ltd has chosen the banks to lead its business trust offering.
Deutsche Bank faces one of the many trading day cases in court. Back in October 2008, Alexander Vik went to the London office of Deutsche Bank AG to meet with account managers regarding his Sebastian Holdings Inc investment fund.
