From Omaha, Nebraska, Warren Buffett said he won't sell IBM shares despite missed earnings expectations for the quarter.
Sectors
CTPartners Purchases Augmentum
CTPartners acquires Augmentum for an undisclosed amount. CTPartners Executive Search Inc, a publicly listed company in the NYSE, has announced that it has purchased Augmentum Consulting Ltd, the premier executive search firm in London.
Plexus Capital Raised US$150 Million
Plexus Capital raises US$150 million with an equal counterpart from the Small Business Association to create Plexus Fund III worth US$300 million.
Klockner Pentaplast Issues Bond Notes
Klockner Pentaplast to issue notes worth Eur225 million. The largest producer of rigid plastic film for packaging purposes, Klockner Pentaplast, has set the price of Eur225 million in Senior PIK notes due on 2017 with an interst rate of 10.
Netchemia Receives investment from Mainsail
Netchemia receives investment from Mainsail in the amount of US$6.5 million. In an announcement made today by Netchemia LLC, it disclosed that Mainsail Partners gave its company an equity investment amounting to US$6.
Latest News
According to the Il Messagero, Telecom Italia would be selling off its fixed line network to Casa Depositi e Prestiti.
30% of Kelda Group is to be sold off by its owners, Infracapital and Citi infrastructure. The sale of a 30% stake in Kelda Group jointly owned by Infracapital and Citi Infrastructure would get a windfall of nearly GBP2.
Li Ka-shing invests in a center for medical data analaysis and processing in Oxford University. The richest man in Asia, Li Ka-shing is investing in a new research center located at Oxford University.
Ista to sell bonds to cover sale by CVC Capital. Ista International would be selling bonds to help CVC Capital Partners' Eur3. 1 billion or US$4. 1 billion buyout of the German metering company.
Berkshire lowers interest in Tesco from 5.08% to 4.98%. Berkshire Hathaway, the firm of billionaire investor Warren Buffet, has reduced its shareholdings in Tesco Plc to 4.
ISS endorses the directors nominated by Elliot Management. The shareholders of Hess Corp should elect all five directors nominated by Elliot Management Corp for its May 16 annual meeting.
Newell is selling two of its business units in a bid to lower costs and boost profits. Newell Rubbermaid Inc will be putting up its Hardware and Teach Platform businesses.
After a two year wait, the Rwandan bourse is preparing an IPO of I&M Bank. The Rwandan Stock Exchange is now in the midst of planning its first listing since June of 2011.
Temasek Holdings Ltd purchases US$500 million stake in Markit Group. The sovereign wealth investment fund of Singapore, Temasek Holdings Ltd is now in discussion with Markit Group for the purchase of shareholdings estimated to be around US$500 million.
