Herbalife expands board to eleven directors for Icahn investment. Herbalife has agreed to increase its board membership by two seats to be chosen by Carl Icahn.
Sectors
Best Buy Rejects Plan
Best Buy closes door on takeover bid of its founder. The latest offer from its minority ownership was considered 'poor' by Best Buy Co. , prompting it to reject the bid by Richard Shulze's private equity sponsors.
Danfoss Signs Definitive Merger Agreement with Sauer-Danfoss
Under the definitive merger agreement, Danfoss will acquire 24.4% of Sauer-Danfoss common shares that it does not already own.
William Hill to Acquire Online Business for 424 Million Pounds
William Hill is set to buy out its online business in a 424 million pound deal. William Hill Online said it plans to acquire its online business for 424 million pounds, indicating a speedup of the expansion of the biggest bookmaker in the UK.
Harris Teeter on Track for Record Takeover Valuation
Harris Teeter valued well above market rate, set to be record takeover in its industry. The US grocery store chain Harris Teeter Supermarkets have boasted that it has increased its sales every year in the past decade.
Latest News
Sandridge Oil posts a 'happy' fourth quarter loss. Oil and gas company Sandridge Energy announced a fourth quarter loss while at the same time bucking criticism from its line of activist investors.
Consortium led by Carlyle Group purchases China's 7 Days Hotel chain. Chinese budget hotel chain 7 Days Group Holdings Ltd has reached a deal with a consortium of investors led by the Carlyle Group.
Morgan Stanley, Main Street and Zions provide financing for OneRoof Energy. A group consisting of Morgan Stanley, Main Street Power Co and Zions Bancorporation has provided OneRoof Energy Inc with a US$100 million facility to enhance its current operations in providing financing for residential solar energy systems.
Nomura divests property interests for more liquidity. Nomura Holdings Inc has announced that it would lessen its exposure in Nomura Real Estate Holdings through a deal that will amount to US$577 million.
Bertelsmann would completely own BMG when it buys out KKR. The largest media company in Europe, Bertelsmann is buying out the stake of private equity firm KKR from their joint venture music rights management company BMG.
Nomura is now in search for new candidates to fill in vacant slots after several executives left the company as a result of cost control.
ING Groep is looking forward to set sale of its stake in the Brazilian insurance company as it faces pressure to shed assets in exchange for the state bailout it received during 2008 financial recession.
A Larragoiti representative, Patrick Larragoiti reports that SulAmerica has no plan of listing its stock in the Novo Mercado Chapter.
Lloyds Bank to pay for past misdeeds. Britain's largest retail bank, Lloyds is set to announce an increase in money for compensation to pay customers and clients for losses sustained on mis-sold loan insurance.
