After approval of the Colombian government, the plan of Telefonica SA is to offer its Colombian unit for public listing in an IPO.
Sectors
Activist investors gets support from institutional investors
Activist investors are starting to earn the respect of U. S. institutional investors like mutual fund and state-run pension fund.
French Media group Lagardere earns $3 billion for EADS stake
French media group Lagardere has raised $3 billion from the sale of its 7.4 percent stake in Europe’s top aircraft maker EADS.
Techno Group Acquires Dogu Tip
Techno Group, a subsidiary of Gulf Capital, has acquired Dogu Tip. Gulf Capital, the private equity firm based out of Abu Dhabi announced last Wednesday that one of its portfolio companies has purchased a 75% stake in a diagnostic imaging services company.
Activist shareholder questions Dell’s buyout offer
An activist shareholder has questioned Dell Inc.’s evaluation of a $24.4 billion leveraged buyout deal with buyout firm Silver Lake.
Latest News
The European Financial Stability Facility was met with strong Asian demand for five year securities at interest of 0.875%.
Canadian fertilizer company Agrium Inc defended the election of its entire slate of directors to the 12-man board as hedge fund Jana, Agrium’s biggest single shareholder, called for an investigation of the vote.
Ackman's handpicked executive has been replaced by the board of JC Penney. William Ackman has bet the ranch that he would be able to overhaul the financial condition of retail giant JC Penney.
Colonie Mall, the second largest mall in Albany NY was recently acquired by a consortium led by KKR.
Vueling, the Spanish budget airline is the subject of takeover discussions by IAG. Spanish budget airline Vueling's board recently recommended to its shareholders to accept an improved takeover bid from International Airline Group.
As an alternative to the Sprint Nextel offer, Aurelius Capital Management has offered US$80 million in financing to Clearwire.
Thermo Fisher, the largest scientific equipment and laboratory instruments manufacturer has sent a binding offer for Life Technologies, the genetics sequence market leader.
Fiat claims ability to buy out other shareholders for Chrysler. The Italian carmaker who manages Chrysler Group LLC, Fiat SpA, said that their resources are already sufficient to be able to purchase the remaining shares from an employee group and there is no need to liquidate new shares to be able to finance the deal.
Southeastern Asset Management calls the evaluation of the Silver Lake-Dell leveraged buyout offer as "flawed".
