The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.
Sectors
Maxim Magazine Fetches Bids of About US$20 Million
Maxim magazine was said to be fetching bids of only US$20 million, less than a 10th of the cost its investors paid about six years ago.
Loro Piana Brothers Emerge as Billionaires After Selling Italian Cashmere
LVMH Moet Hennessy Louis Vuitton SA bought 80% of Loro Piana SpA making the brothers who led the company billionaires.
Vivus Inc signs erectile dysfunction drug deal worth Eur95 million
Vivus Inc signed an impotence drug deal with Italy's Menarini Group for Eur95 million. Vivus Inc announced that it signed a contract with Italy's Menarini Group worth Eur95 million or US$121.
Dell shareholder Yacktman supports Icahn buyout offer
Yacktman Asset Management expressed its support for Carl Icahn's buyout offer for Dell. Yacktman Asset Management, Dell Inc's stockholder gave its support for Carl Icahn and Southeastern Asset Management's buyout offer for the PC manufacturer.
Latest News
The Florida based firm executes a Letter of Intent to relay its aim of purchasing the North Carolina based company.
Telecommunications company Tech Valley obtains new debt facility from GE Capital along with Webster Bank.
Enstar Group pays US $692 million in order to control the reins Torus Insurance Holdings Ltd. Enstar Group, a management and consultancy firm specializing in insurance, announced the completion of the agreement that allows it to control management of Torus Insurance Holdings Ltd.
European governments agreed to release aid for Greece worth Eur3 billion as they continued to seek for enough financial calm.
Boathouse Capital and Tamarix Capital each shelled out US $5 million to und Convene. Convene, New York City's largest conference center, completed the fourth funding round by raising additional US$10 million which will be used to fund its expansion plans.
Scanbio Marine Group buys Biokraft; a deal that will allows them to boost their operational efficiency and enhance their service to the largest aquaculture companies in the world.
MTN Group Ltd. stalled its talks with Reliance Communications Ltd. due to India's current revision of rules on mergers and acquisitions.
US based Go Green Global Technologies Corp acquired patent portfolio from Water Treatment Systems over their Sonical product line
Carlyle Group planned to put Applus+ in a stock market listing to take advantage of the stock market's improvement.
