Eurozones finance ministers will meet in Dublin on Friday to discuss a bailout for Cyprus, the cost of which has rise to 23 billion euros from 17.5 billion euros.
Sectors
Elan Shareholders Approve Buyback Plan
Elan shareholders approve buyback plan to avert takeover bid from Royalty Pharma. Shareholders of Irish drug maker, Elan, approved a US$1 billion or GBP651 million share buyback approval.
KKR Acquires Stake in Alliance Tire Group
KKR's Asia Fund purchases Warburg Pincus shareholdings in Alliance Tire Group. KKR & Co LP has entered into an agreement to acquire a controlling stake in Alliance Tire Group.
Twitter Acquires We Are Hunted
We Are Hunted, a music streaming service on Twitter, was recently bought out by the social media network.
Hyundai Rotem Files Preliminary IPO Application
Hyundai Rotem is seeking to be listed in the Korea Exchange for its IPO. Hyundai Rotem Company of South Korea has applied for the listing by initial public offering in the stock exchange according to bourse operator Korea Exchange.
Latest News
Investors continue to rush into U.S. stocks, pouring in more than $60 billion into mutual funds and ETFs.
Nasdaq OMX Group Inc's chief executive Robert Greifeld's 2012 annual bonus has been slashed over the mishandling of Facebook's Inc. initial public offering last year.
First Solar acquires TeraSun for an undisclosed amount. First Solar will be undertaking a new path in the silicon solar panel business with the acquisition of TetraSun, a start up based out of the Silicon Valley.
Hub International is being sold off by owners Apax Partners and Morgan Stanley. Apax Partners, the buyout firm and the private equity unit of Morgan Stanley is now in the process of exploring the sale of Hub International, the insurance brokerage firm based out of Chicago.
Ridgemont Equity Partners show growth at the time of scarce dollars for first time funds. Ridgemont Equity Partners, a private equity firm that came from Bank of America back in 2010, has recently announced that it has raised its first fund.
Kenneth Coleman joins Andreessen Horrowitz roster of advisers. Andreessen Horowitz, the venture capital firm has engaged the veteran expertise of Kenneth Coleman as one of its adviser on roster.
Scandlines owners Allianz Capital Partners is preparing for the sale of the ferry group. A number of banks are now consolidating debt packages amounting to Eur 1 billion or US $1.
Protective Life Corp (PLN) is set to acquire Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its life insurance policies portfolio.
Private equity firm Serent Capital has invested in Optimal Blue, a leading mortgage technology provider.
