Through a proxy statement, Silver Lake and Michael Dell extolled the virtues of their bid as against the offers of Icahn and Blackstone.
Sectors
Hedge Funds Bounce Commodities to One Month High
Reuters, using data from the Commodity Futures Trading Commision, showed funds holding positions for the long term on commodities.
Gold Values Decreasing
Reuters has reported that gold backed exchange traded products have declined in the past few months.
CalPERS Decreased Commodities Investments
CalPERS changed its portfolio from Dec 2012 to Jan 2013, focusing on bonds instead of commodities. CalPERS or the California Public Employees' Retirement System has decreased its investments in commodities futures at the start of 2013.
Japan Based Managers Increase Allocations
A poll of Japan based managers indicated that allocations have increased in both shares and bonds but decreased in cash.
Latest News
Due to internal issues and weak market conditions, Toys R Us withdrew its IPO proposal. Toys R Us Inc formally withdrew its initial public offering proposal last Friday.
Glass Lewis, the second largest proxy firm in T-Mobile, has voiced its opposition to the standing merger with MetroPCS.
For failing to account for minority stockholder's interests, A1 is filing a suit against the Tele2 board for accepting a lower offer than what they tabled for the company.
NEC Corp. says it is planning to sell its its troubled mobile phone unit to personal computer venture partner Lenovo Group Ltd.as it continues to faces challenge from larger firms Samsung Electronics Co. Ltd. and Apple Inc.
Gibson Guitar, a producer of electric guitars, says it was purchasing majority share in Japan's TEAC Corp. for 4.88 billion yen.
Turkish airline Pegasus Airlines will be launching an IPO of a third of its shares, with most of its stake to be allocated to foreign investors.
Amazon.com Inc., world's biggest online retailer, is making a deal to buy Goodreads, a book recommendations site, as it starts into bookselling.
Glass Lewis follows ISS recommendation that MetroPCS Shareholders should vote against merger with Deutche Telekom AG's U.S. business unit T-Mobile USA.
Russia's A1, billionaire Mikhail Fridman's investment group, wants to file case against the planned merger of Tele2's Russian unit and state-run bank VTB, saying that it has the right to purchase Tele2 unit.
