Sprint investors preferred to get cash rather than stock after the takeover bid by SoftBank won approval from the Federal Communications Communication last week.
Sectors
OGX To Sell Oil License Stakes
OGX in talks to sell its oil license stakes to avoid running out of cash OGX Petroleo & Gas Participacoes (OGXP3) in talks regarding sale of stakes in crude oil block licenses that owned by OGX.
Osram Price Drops by 4% on First Trading Day
Osram price dropped by 4% on first trading day. Osram Licht AG's opening price today fell by as much as 4% on its first day of trading. The company opened at Eur 25 but then dropped to as low as Eur23.
Mobius Looking at Africa for Private Equity Opportunities
Mark Mobius of Templeton Emerging Markets Group considered investing in Africa. In a statement Mark Mobius released, he said he was considering private equity investments as one of the ways to tap growth in Africa.
Cvent Files Initial Public Offering
Today, Cvent Inc announced filing with the US Securities and Exchange Commission of its initial public offering listing on the New York Stock Exchange.
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Jones Group, parent company of Nine West hired Citigroup to explore possible sale Jones Group, parent company of Nine West, is at the early stages of sending out feelers to private equity and industry player about intents on putting the company on sale.
NRG Energy Inc announced today the initial public offering for its wholly owned subsidiary, NRG Yield.
The NSW state government expressed their intent to sell heritage building in Sydney New South Wales state government expressed their intent to sell two of Sydney's most significant heritage buildings as it enters the second round of property sales.
Raytheon announced that they were awarded with the deal to make the new electronic jammer for the US Navy.
Mylan’s acquisition of a unit at Strides Arcolab Ltd announced July 8 was deferred by Indian regulators.
Moelis & Co decided to pay US$35 million to its investors and employees that held a stake in the firm.
Three bidders in a race to purchase Hulu Hulu attracted three bids worth over US$1 billion from interested companies. The bidders include the partnership of AT&T and Cherin Group.
Last Monday, LVMH announced an 80% acquisition deal of Loro Piana priced at Eur2 billion. On Monday, LVMH said that it has acquired 80% of Loro Piana, an Italian luxury cashmere clothing brand.
Starboard announced that they were able to acquire a 6.9% stake in Emulex Starboard Value LP announced that they acquired a 6. 9% stake in Emulex Corp.
