Spanish lender Ibercaja reached deal to buy smaller bank Caja 3. (Photo : Reuters)Spain's central bank made green signal to the private capitalisation plans of banks Popular (POP.
Sectors
Bob Lutz and Wanxiang Tenders US$20M for Fisker Fielded
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 Nearing Completion of one of many projects
OneWind Australia is nearing the completion of the Glen Innes Plant in New South Wales which can generate 100 megawatts by 2015.
Belgian Grocer Delhaize Set to Sell Two American Business
Belgium's Delhaize plans to make sale of its businesses in the U.S. as it aims at minimizing costs in the region.
Terrafina Agrees to Acquire Mexican Property Portfolio for $600 Million
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.
Latest News
Royalty Pharma lowered the acceptance threshold for its increased bid with $6.4 billion for Elan to 50 percent plus one share as it seeks enough support to acquire Elan, an Irish drug firm .
BTG is set to make two acquisitions to create interventional medicine business. (Photo : Reuters)Medical bills are culprit of more than 60 percent of U.
Hospitals team with medical research facilities to protect themselves against higher costs (Photo : Reuters)Hospitals with improved medical care for elderly patients, and reduced deadly errors are estimated to get millions of dollars under an incentive program that aims to cut overall Medicare costs.
Arabtec is preparing to do a rights issue worth around US$650 million. Arabtec, the contractor based out of Dubai and partly owned by Aabar Investments of Abu Dhabi, is now preparing for a US$650 million rights issue scheduled on June 9.
Sinopec shares open on weak investor demand in the market. Sinopec Engineering, amidst all the hoopla, opened to a weak demand in its market debut Thurday.
Bank of Ayudhya Pcl saw its shares increased after a local newspaper reported that a financial market source said that Japan's Mitsubishi UFJ Financial Group (MUFG) proposed to buy General Electric's stake in the Thai bank for 40 baht per share.
Clearwire Corp. has agreed on the buyout offer from Sprint Nextel Corp. despite disappointed minority shareholders .
VL Automotive, a venture between Former General Motors Co. executive Bob Lutz, China's Wanxiang Group and industrialist Gilbert Villarreal, is bidding to acquire Fisker Automotive through a prepackaged bankruptcy deal.
SoftBank Corp. aims to name a security director to the board of Sprint Nextel once it becomes successful in its proposed takeover bid.
