CPG International owners engages banks for its sale at a possible value of around US$1.5 billion. CPG International, the building materials maker, is being prepared by its ownership for a sale.
Sectors
Four Bidders Interested in the Auction of Hulu.com
Hulu.com auction attracts more bidders. The private equity fund, Guggenheim Digital Media and former President of News Corp, Peter Chernin, have already tendered their bids for the online video service, Hulu Video, as related by sources who are knowledgeable of the matter to Reuters.
Computacenter Announces Return of Investments to Shareholders
Computacenter is offering options to its shareholders for the return of investments, either through a class B share or a dividend amount.
Dai-ichi Life Insurance Buys Stake in Panin Life
Dai-ichi Life Ins. Co.,Ltd purchased 40% shareholdings in Panin Life of Indonesia worth 30 billion yen.
Mando China Holdings Halts IPO Trading
Mando China Holdings Halts IPO trading in the Hong Kong Stock Exchange citing 'adverse market conditions' and 'significant market volatility'.
Latest News
Apache Corp is undertaking corporate moves to improve its bottom line. Houston based natural gas and oil producer, Apache Corp will be undertaking major changes with its balance sheet.
Ibercaja has finalized an agreement to purchase Caja 3. Ibercaja, the mid sized Spanish financial institution, said on Thursday that it has settled an agreement to buy out Caja 3, a smaller Spanish bank.
Fidelity National and Thomas H. Lee discuss acquisition of Lender Processing for US$133 per share. According to a report from Reuters, a source knowledgeable of the matter related that Fidelity National Financial Inc and Thomas H.
General Electric Co. is planning to spin off parts of GE Capital through an initial public offering as it pursues its aim to cut the size of the business, Jeffrey Immelt, company's chief executive, said.
Just Dial, a local search service provider, sells off US$170 million for 17.5 million shares. Just Dial, the Indian local search service firm had offered shares in the public bourse at a volume of US$170 million, The IPO was subscribed 11.
Consortium bids for Fisker at the fraction of the price. A group participated by Bob Lutz, a former Executive of General Motors Co together with the biggest parts maker in China is eyeing to acquire Fisker Automotive for US$20 million which is a percentage of the "green" car company's projected value in the last quarter of 2011, according to a report from Reuters.
OneWind Australia is nearing the completion of the Glen Innes Plant in New South Wales which can generate 100 megawatts by 2015.
Belgium's Delhaize plans to make sale of its businesses in the U.S. as it aims at minimizing costs in the region.
Mexican real estate investment trust is set to have a total of 233 properties after it completes its acquisition of a Mexican property portfolio from U.S. Kimco Realty Corp. and its partner American industries for $600 million.
