Empire State Building to become REIT. The company controlling the Empire State Building has announced that a majority of its investors has approved a proposal to make the iconic building into a real estate investment trust or REIT.
Regions
Chesapeake Fails to Buy Back Bonds
Chesapeake Energy issues redemption notice despite failing to get injunction issued. Last Friday, Chesapeake Energy Corp issued an announcement that it would commence its plan of buying back US$1.
Oktogo.ru receives $11million from New Venture Capital Funding
Oktogo.ru receives capital infusion from consortium headed by Victor Sazhin. Oktogo. ru, receives an $11million funding infusion from a new group of venture capitalists.
Rosetta Resources Purchases Acreage
Rosetta purchases oil shale acreage from Comstock. Rosetta Resources Inc, the oil and natural gas producer, would be investing in Comstock Resources Inc's acreage located in West Texas Permian Basin.
Silver Lake Raises US$10 Billion
Silver Lake raises funds to support Michael Dell's plans. The technology focused private equity firm Silver Lake Partners has raised US$10 billion in an effort to add on to its US$24.
Latest News
Three more executives expand Carlyle Group Management Committee. The Carlyle Group, one of the world's top Global Alternative Asset Managers, has announced the addition of three Carlyle executives to the company's Management Committee.
Restructuring plan for Berlian Laju received from creditors. PT Berlian Laju Tanker, Indonesia's foremost oil and gas shipper, was able to reach an agreement with its lenders to restructure their loan of $1.
Pinnacle expecting IPO to net US$2 billion. Pinnacle Foods, the packaged food maker owned by the Blackstone Group LP is deep in preparations for its initial public offering.
Claris Pharmaceutical rumored to be subject of takeover bids. The next target in the takeover of Indian injectible drug makers is Claris Lifesciences Ltd.
Taylor Morrison is now undertaking plans to market its IPO. Renowned homebuilder in the U. S. and Canada, Taylor Morrison Home Corporation (TMHC) will proceed with its initial public offering next week according to sources.
Solaire Manila Casino opens to fanfare and hoopla in Manila. Billionaire port magnate Enrique Razon' s Solaire Manila Casino will open tomorrow in the Philippines.
AB InBev and DOJ continue discussions on sale to Constellation of Grupo Modelo brands and brewery. Anheuser-Busch InBev NV and the Justice Department will seek court permission to extend talks on a settlement proposal of a lawsuit blocking the beermakers acquisition of Grupo Modelo SAB.
Time Inc will split from Warner Inc. The creation of the largest publicly traded magazine publishing company may just be the portent of deals that would also include ownership stakes in People Magazine and Sports Illustrated.
Stilfel acquires Knight Capital's fixed income sales and trading team. Stifel Financial Corp announced it is acquiring Knight Capital Group. The St Louis based brokerage firm would be acquiring the fixed income sales and trading team of Knight, comprising one hundred individual employees.
