Cerberus has grandiose plans for Seibu, such as relisting after three years and expanding its shareholdings in the company.
Sectors
KKR Divests Interest in Intelligence Holdings
KKR has agreed to sell to Temp Holdings its interest over Intelligence Holdings. KKR & Co has entered into an agreement to sell Intelligence Holdings for 68 billion yen or US$721 million.
Armada Hoffler Eyes Becoming REIT
Armada Hoffler Properties Inc. is planning to raise $201.3 million from IPO as it hopes to become an REIT.
The Armada Hoffler Properties turns to REIT structure
Armada Hoffler Properties has filed documentation to lead the way to an IPO. Armada Hoffler Properties Inc, the US real estate company, has filed with regulators to raise nearly US$201.
China Nods Shell's Shale Gas Block Contract
Shell says China approves a product-sharing contract for the share gas block in Sichuan. Royal Dutch Shell has received approval from China for a production-sharing contract for the Fushun shale gas block in the southwestern province of Sichuan as it steps up drilling activities in the Asian country.
Latest News
A year ago, Sharp announced Foxconn would purchase shares but a year later, no agreement has been forged.
Icahn and Blackstone open discussion to team up on Dell buyout. Two of the most renowned equity investors in the United States may very well put a damper on the US$24.
The board at Hulu has sought to discuss with potential buyers according to anonymous sources close to the deal.
For a reported US$30 million, Yahoo purchases the Summly app from its high school aged owner. Yahoo Inc has purchased mobile news aggregator Summly. This is the latest move in a string of acquisitions made by the company to enhance its portal's web services.
FCP purchases bioethanol plant for machinery to outfit the construction of another plant in the UK. UK investment company Future Capital Partners Ltd has agreed to purchase Appomattox Bio Energy LLC.
The sanitary wares giant recently sold its glassware subsidiary for an undisclosed amount. HSIL Ltd recently sold off its entire shareholdings over AGI Glasspack Ltd.
Shire pay US$160 million for SARcode Bioscience. Shire recently announced its purchase of privately owned US biotech firm SARcode Bioscience. The acquisition was worth US$160 million and central to the deal is the rights over a new drug in the late stages of development that helps cure dry eye disease.
The Taiwanese financial regulator had granted permission for Fuh Hwa Securities Investment Trust to form the yuan denominated mutual fund.
Sherpa was able to raise from investors and venture capitalist US$1.6 million for its project ventures.
