SNI selling off interests to foreign firms. The Moroccan royal family's investment firm, SNI recently announced the sale of its 37. 7 percent stake in dairy firm Central Laitiere.
Sectors
Swiss to Aid in Inside Dealer Investigation
Insider trading on Heinz shares prior to sale investigated by SEC and FBI. In an unprecedented move, Swiss authorities have committed to assist in the ongoing US investigation on insider trading of H.
LBO Protection Demand by US Bond Investors
Bond investors seek new options during leveraged buyouts. The increasing number of large leveraged buyouts or LBOs is making many investment-grade debt investors nervous, calling out the US government to institute more protection be given them in light of current developments.
Gardner Denver Shareholders to Discuss KKR's $3.7 billion Offer
KKR has offered $3.7 billion for industrial machinery maker. Top shareholders of Gardner Denver Inc. are scheduled to meet discusses $3. 7 billion offer from private equity firm KKR & Co.
Gigante Makes Offer on Office Depot Mexico
Grupo Gigante offers to purchase other half of Office Depot Mexico. Grupo Gigante, the Mexican retail giant had formally sent an offer of 8. 78 billion pesos or US$687.
Latest News
Funeral home purchase expands StoneMor Partners leverage. In an announcement made today, StoneMor Partners LP acquired Seawinds Funeral Homes of Central Florida.
Office Depot reschedules nominations for new Board of Directors. In a statement, Office Depot Inc, after discussions with its largest investor Starboard Value LP, is extending its deadline in the nomination of candidates to fill the seats of its Board of Directors during its next annual meeting.
HP stock price rises in light of better returns. In a rally, HP share values increased by as much as eleven percent for the fourth quarter of 2012. This prompted at least eight brokerage houses to raise price forecasts over the stock but market analysts say that the worst is still to come for the company.
Okada quits ahead of ouster move. Kazuo Okada resigned from Wynn Resorts Ltd not waiting for the results of the board of directors' vote. The Japanese billionaire is actually facing ouster by the board.
Ross Smith Asset Management Inc. acquires control over common shares of C.A. Bancorp Inc. Ross Smith Asset Management Inc. announces that the investment funds it manages have acquired 3,000 common shares of C.
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: - Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc.
Itochu today paid Dole a non-refundable cash deposit of $200 million to be applied toward the purchase price
Renesas is restructuring and will sell shares of stock to improve its overall position. Shareholders of Renesas Electronics Corp had passed a resolution to approve a sale plan amounting to 150 billion yen.
ING Bank Australia to sell record high mortgage backed bonds. ING's Australia unit, ING Groep NV is projecting to sell up to Aus$2 billion or US$2.
