Sunstone Hotel purchases the iconic Boston Park Plaza for US$250 million. Sunstone Hotel Investors Inc has entered into an agreement to purchase the Boston Park Plaza Hotel and Towers.
Sectors
ECI to Plan IPO
PT Electronic City Indonesia or ECI is planning to raise US$150 million through an IPO. One of the largest electronics retailers in Indonesia, PT Electronic City Indonesia (ECI) is now planning to raise nearly US$150 million through an initial public offer on June 2013.
Softbank President to Meet with Sprint Shareholders
Masayoshi Son, Softbank's founder and president is set to travel to the US to meet with major Sprint-Nextel shareholders.
New Name for Alcorn for its IPO
Alcorn Gold would be known as Cosco Capital when its IPO pushes through. Cosco Capital is planning to make a share offer worth at least US$500 million in order to improve its liquidity and free float as it comes out of a recent conglomerate restructuring program.
DLF IPO Engages Eight Banks
DLF chooses eight banks to manage its IPO to comply with SEBI guidelines. DLF Ltd of India is in deep planning to sell off 81 million shares through institutional placement sales with eight banks.
Latest News
Three major companies have purchased spectrum from Australia's regulator. Australia's wireless spectrum has been sold off to the consortium of Telstra Corp, Singapore Telecommunications Ltd's Optus unit and TPG Telecom Ltd.
Hochtief AG is returning to its construction roots by the sale of its airport management division. Hochtief AG has entered into an agreement to sell its airport division to the Public Sector Pension Investment Board of Canada.
CMIA to invest in China agricultural businesses and industries through its US$150 million fund. Former bankers at Cargill Inc and HSBC Holdings are now running CMIA Capital Partners Pte.
Baidu acquires PPS online video operations to expand its market share. Baidu. com, the Beijing based Chinese language Internet web search portal announced that it was purchasing the online video operations of PPS for the price of US$370 million.
SeaWorld, after its recent IPO, is seeking a US$1.4 billion loan in order to refinance its debt. The Blackstone Group controlled SeaWorld Entertainment Inc is now seeking a US$1.
The New Zealand government is divesting its interests in private companies in order to curb costs and trim debt.
Hertz's private equity shareholders sell of interest. In an announcement, Hertz Global Holdings Inc said that private equity firms of Clayton, Dubilier & Rice, the Carlyle Group and the Bank of America Merrill Lynch have exited their ownership in the company.
For the third straight time, Buffet's Berkshire Hathaway has sold off Moody's shares. In another surprising move, Warren Buffett's Berkshire Hathaway has sold another 1.
Clustrix raised US$16.5 million from investors totalling US$46.5 million overall. On Monday, Clustrix announced the recently concluded funding round that was able to raise an estimated amount of US$16.
