Shares in PT Visi Media Asia Tbk have increased dramatically following a buyout offer from Chairul Tanjung, the fifth richest man in Indonesia.
Sectors
Tinkler Sells Horse Farm to Pay Debts
Patinack Farm, the renowned racehorse breeding farm owned by Nathan Tinkler, is now on the auction block to help pay off debts.
Icahn Takes Passive Position with Nuance Stake
Carl Icahn, a man known for change in acquired companies, has taken a back seat in his latest shareholdings purchase, Nuance Communications.
Nasdaq Acquires eSpeed Platform
Nasdaq OMX purchases the eSpeed platform from BGC Partners. In recent announcement, Nasdaq OMX Group Inc. has acquired from BGC Partners Inc its eSpeed platform.
Danoff's Fidelity Contrafund Cuts Apple Shareholdings
Fidelity Contrafund is slowly selling off its Apple shareholdings due to price decline. Fidelity Contrafund, the US$92 billion fund built by portfolio manager Will Danoff, has undertaken a process of cutting the fund's shareholdings in Apple.
Latest News
Deliv, after a successful financing round, would provide same day services for consumers and retailers in major cities in the US.
On a one to one share swap, Lynnwood Capital would purchase Tantalex Corp. In an announcement, Lynnwood Capital Inc of Canada had entered into an agreement to purchase Tantalex Corp.
MetroPCS is urging its shareholders to approve its merger with Deutsche Telekom AG's unit T-Mobile USA Inc. amid criticisms.
The bond issue offered by Oregon amounting to US$204 million is backed by lottery revenue. The Department of Administrative Services of the State of Oregon is now offering US$204 million worth of bonds to the market.
Horsburgh & Scott, the renowned gear manufacturer, has been acquired by private equity firm GenNx360.
Taylor Morrison to offer 23.8 million shares in its IPO and is expecting a return of nearly US$524 million.
Taiwan and China enter into new regulations on investment in financial institutions and holdings companies.
Lear Corp has avoided a proxy fight with major private equity investor firms through an agreement increasing the rate of its share buyback program.
Toronto-based Dominion Diamond Corp. said regulators have approved its plan to buy BHP Billiton's Ekati diamond operations in Northwest Territories, Canada.
