MBC Properties, the real estate arm of Miller Brothers Co, has bought the Bradford Mall in Pennsylvania and is planning to renovate the place and bring in new tenants.
Regions
Saputo extends takeover bid for Warrnambool by another week
Saputo Inc., Canada's biggest dairy company, has extended its bid for Warrnambool Cheese and Butter Factory Co. by a week to next Friday. Saputo is up against Murray Goulburn Co-operative Co. Ltd. and Bega Cheese Ltd. for the Australian dairy firm, according to a Reuters report.
Australian insurance broker Steadfast makes first acquisition post-IPO
In its first acquisition after going public, Australia-based insurance brokering network Steadfast Group Limited has bought a 60% stake in underwriting agency Protecsure Pty Limited.
Monte Paschi poised for showdown with top investor over cash call delay
Monte dei Paschi di Siena's board has opposed a proposal by its top investor to push back a €3 billion cash call to May next year. Monte Paschi's largest shareholder earlier threatened to vote against the impeding capital increase.
Golden Tree ups stake in Canada's Postmedia
US-based hedge fund Golden Tree Asset Management LP increased its stake in English-language daily newspaper publisher Postmedia Network Canada to 39% in a deal valued at $1.6 million.
Latest News
Private equity firm Round Hill Capital is reportedly nearing a deal to exit fromproperty group Vitus Immobilien to Germany's Deutsche Annington Immobilien. The deal is expected to be worth €1.3 billion.
After a disagreement on the valuation of the home retailer they founded, the Klein family was able to find an exit on Via Varejo after its $1.2 billion stock sale, Bloomberg reported.
Irvine, California-based firm Oculus VR has raised $75 million in a funding round led by venture capital firm Andreessen Horowitz to launch a consumer version of the tech firm's virtual reality goggles.
The government of Ireland has chosen a consortium led by British energy supplier Centrica PLC to acquire the retail unit of its gas utility Bord Gais Energy. Centrica's group will buy the asset for €1.12 billion.
Car pricing information website TrueCar.com has received a $30 million investment from Vulcan Capital. Vulcan Capital is controlled by Microsoft Corp. co-founder Paul Allen and has been investing in Internet and technology firms.
Search giant Google is said to be thinking about designing its own server processor, a move seen as a likely threat to the market dominance of Intel Corp, Bloomberg reported.
Hong Kong-based private equity fund RRJ Capital Ltd bought a 7.85% stake in renewable power developer China Everbright International Ltd in a deal valued at $350 million.
An investor group led by Canadian private equity firm TorQuest Partners has bought a majority stake in Edmonton-based A&B Rail Services Ltd in a deal with undisclosed financial terms.
Bitcoins suffered a blow in Norway as the government declared that it was not real money. It will be treated as an asset and be subject to a capital gains tax, Bloomberg reported.
