MTS and Vimpelcom joins the A1 versus VTB bidding war for Tele2 Russia. After the bid made by billionaire Mikhail Fridman's A1 Investment Group, new bidders have made offers to join Tele2 AB's Russian subsidiary.
Regions
Japan to list LNG Futures in Tokyo Commodity Exchange
Japan, with its ever increasing demand for LNG, plans to create an LNG Futures listing with the Tokyo Commodities Exchange.
SAC Capital Settlement with SEC in Jeopardy
The judge over the settlement agreement between SAC Capital and US SEC is having second thoughts with a few provisions.
Cerberus Capital Offering Low Financing for Foreclosure Buyers
With financial packages for as low as US$10 million, Cerberus is offering assistance to firms seeking to purchase low cost foreclosed homes.
UPDATE - Fisker Mulls Bankruptcy
Fisker Automotive has hired the law firm Kirkland and Ellis to review its bankruptcy options. The green car manufacturer that has undergone financial losses with losses at the NY/NJ Port area as well as funding issues Fisker Automotive is now mulling seeking bankruptcy protection.
Latest News
Amazon purchases Goodreads for an undisclosed amount. Goodreads is a book recommendation website and is now the subject of acquisition plans by online retail giant Amazon.
Jean Claud Gandur planning to offer Oryx Petroleum for IPO in Toronto. Billionaire investor Jean Claude Gandur, through his company Addax & Oryx Group is now on its way to publicly list its oil exploration unit.
Sprint's offer of US$80 million per month would again be utilized by Clearwire. According to anonymous sources, Clearwire Corp is planning to notify Sprint Nextel Corp that it will be utilizing another US$80 million in financing as part of its deal agreed upon with Sprint.
Blackberry becomes ideal for a potential takeover as it reports good earnings. Blackberry has reported good earnings higher than what analysts expected, making an ideal candidate for a buyout by a larger technology company, said CNBC's Jim Cramer.
Fiat to secure credit line to prepare for options in the next move for Chrysler shares. Fiat SpA has reached out to banks for the refinancing of its Eur1.
TNT Express has decided to sell its its Hoau domestic road operations in China to private equity funds following UPS back-out.
Credit Suisse, the second-largest banker in Switzerland, has signed an deal to sell British wealth manager JO Hambro Investment Mangement Ltd. to investment company Bermuda National,
Banker VTB has successfully acquired the Russian operations of Swedish telecoms operator Tele2 as it hopes for potential investors.
MidOcean through a letter offered to purchase all of the shares of EDAC at a premium higher than Greenbriar.
