Danone to put up joint venture with Mengniu Dairy. Owner of renowned Evian water and Activia yogurt, Danone, will be spending approximately EUR325 million or US$417 million to put up a joint venture with Mengniu of China.
Sectors
Actavis to Purchase Warner-Chilcott
Actavis is set to purchase Warner-Chilcott for specific purposes. Actavis Inc, the generics pharmaceutical company, has announced its intention to purchase Warner Cholcott Plc, the specialty pharma company.
China Controlled PICC to Prepare for IPO
PICC to offer IPO in both Shanghai and Hong Kong bourses. The state controlled insurance firm PICC Property and Casualty Co Ltd announced last Monday that is preparing for a planned right issue of shares in both Shanghai and Hong Kong bourses.
Pactera Receives Bid from Blackstone Led Consortium
Pactera Technology received a letter of intent from Blackstone and Pactera management officers to bid for the firm.
Finnish Mobile DNA to be Auctioned Off
Banking circles are aswirl with talk of the auction sale for DNA mobile of Finland. A group of bankers are putting together a fund worth just under Eur1 billion or US$1.
Latest News
Golden Equity Investments purchases boutique winery Goosecross Cellars. Golden Equity Investments, a private equity firm based in Golden, Colorado, has acquired the luxury winery that is situated at Yountville, California, Goosecross Cellars.
Clearwire's Class A shareholders to decide on the deal for Sprint. Clearwire Corp's share values hovered above the current bid price of US$2.
Dar Al Arkan prepares for benchmark sized sukuk issue. Dar Al Arkan Real Estate Development Company of Saudi Arabia is in the midst of preparations to sell a benchmark sized Islamic bond or sukuk.
Cohen receives subpoena to testify before grand jury. Steven A. Cohen, the embattled hedge fund manager, has received a subpoena requiring his testimony before a grand jury on the government's insider trading investigation into his private equity firm, SAC Capital Advisors.
Oakfiled Capital reaches record amount through capital investments. The private equity firm that focuses its investment in small and medium sized businesses in the United Kingdom, Oakfield Capital Partners, related the first close of the United Kingdom Special Situations Fund securing GBP6 million firm in commitments.
Elan purchases two new interests as well as plan for another buyback option to blunt the Royalty Pharma drug offer.
Chesapeake Energy Appoints New CEO In a stunning move, Chesapeake Energy Corp has hired Robert Douglas Lawler to become its new Chief Executive Officer.
GM is set to grow further as investor confidence increases. The optimism on General Motors is increasing by the day, as the Treasury Department is boosting investor confidence by preparing for the sale of its shareholdings in the Detroit automaker.
Yahoo has just announced the acquisition of Tumblr. The board of directors of Yahoo Inc has just recently approved a deal to purchase Tublr, the blogging and social networking site.
