Nathan Tinkler agrees to a settle a US$12 million agreement with Blackwood Corp Ltd for a lawsuit filed against him for insolvent trading.
Sectors
Grupo Gigante Buys Out Office Depot in Venture
Grupo Gigante purchases Office Depot share in Latin American venture. The Mexican company that operates office supply stores, Grupo Gigante SAB, has agreed to purchase half of the venture of Office Depot Inc in the country worth 8.
Pirelli Chairman Seeks To Retain Control Through Investors
Pirelli chairman seeks to include new investors after falling out with major partner in the Pirelli investment.
Salesforce Acquires ExactTarget
Salesforce purchases ExactTarget for US$2.5 billion. The largest maker of online sales management tools, Salesforce. com Inc, has announced it would purchase ExactTarget, the marketing software maker.
Emaar MGF Accused of FEMA Violations in India
Emaar MGF, the joint venture between Emaar Properties PJSC and MGF Development Ltd is being accused of FEMA violations.
Latest News
Mid-America Apartment Communities Inc. announced to buy Colonial Properties Trust for US$2.17 billion.
Two separate courts issued temporary restraining orders, restricting Royalty Pharma to bid for Elan.
Generali agrees to sell its reinsurance business to Scor for EUR 579 million. Last Tuesday, Generali announced its agreement to sell its US life reinsurance business to Scor.
Asian stocks swing from gains and losses while the US manufacturing unexpectedly contracted. Asian benchmarked stocks swung between gains and losses regardless of the optism that the Federal Reserves will keep its record of monetary stimulus.
Continental Grain Co announced to finally end its long-term ownership with Smithfield to prevent further proxy battle.
Calpers is planning to sell its entire 4% stake in Carlyle that is valued at US$373.3 million. After 12 years of being managed by Carlyle Group LP, a private equity manager firm, the California Public Employees' Retirement System plans to sell its total 4% stake.
GM rejoins S&P 500 replacing H.J Heinz Co. H. J Heinz Co. will be replaced by General Motors Co. (GM) in the Standard & Poor's 500 Index. This is after the trade closing on June 6.
Australian surfwear company Billabong ended takeover talks and looks at its refinancing options instead.
President Xi Jinping offered a total of US$3 billion loans to 10 Caribbean nations however no direct confirmation was made by the Chinese government.
