Industry insider prediction spot-on as Hertz-Dollar Thrifty deal fails

A Bloomberg recounted how the Federal Trade Commission's decision to approve the USD2.3 billion buyout deal by Hertz Global Holdings Inc of Dollar Thrifty Automotive Group Inc was a mistake.

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Bumi shareholders to decide on spin-off from Bakrie family

Shareholders will be casting their votes on December 4 on the two-step deal that would see Bakrie family of Indonesia exiting from coal producer Bumi Plc.

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Sources say USD1.2 billion Power Grid float to be held likely on December 3

India's Department of Disinvestment, which oversees the divestment of ownership stakes of the state of India in several companies, were pushing for a float to happen to capitalize on the rally of stocks on the financial bourse.

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Wilton Re looking into possible sale or IPO next year

Bermuda-based life insurer Wilton Re Holdings is scouting for investment banks to advise it on its possible sale or initial public offering next year. Wilton Re has received a total fund of USD1.5 billion from private equity firms.

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Fusion Group divests Meter Provida Ltd to Total Capital Partners

Fusion Group has sold UK-based gas meters supplier Meter Provida Ltd to Total Capital Partners. The transaction was facilitated by Avondale but no financial terms were disclosed.

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Icahn overrules son on Netflix share sale

Despite the protestations of son Brett, Carl Icahn still pushed on with the sale of shares in Netflix.

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ICVL showed interest in Riversdale Mining coal mines

The International Coal Ventures Ltd consortium is interested in purchasing Rio Tinto.

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GAIL India to partially divest shares in China Gas

GAIL India agrees to sell off shares through block sales in China Gas Holdings.

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RWE divesting assets and cutting back on labor force

In a bid to cut overall costs, RWE had laid out plans to sell off assets to financial investors as well as cut down on its employee headcount.

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KKR divests shares in TDC

KKR, the buyout firm, sold off its 11% shareholdings in Danish telecommunications firm TDC to institutional investors.

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Societe Generale may sell private banking unit in Asia - sources

According to sources familiar with the matter, French bank Societe Generale was considering on selling its Asian wealth arm based in Singapore.

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Sharp will raise USD1.7 billion to turn itself around - sources

Sources told Reuters that electronics maker Sharp Corp. would be raising USD1.7 billion to keep itself afloat until the end of the business year in March next year.

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Grontmij divests French unit to focus on engineering operations

Grontmij divested its French unit to focus on engineering operations.

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Dutch firm ING starts divestment spree

ING Group will exit its South Korea-based investment management business to acquire Australia's Macquire.

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MTV Italy purchased by Viacom International Media

MTV Italy, which is owned by Telecom Italia Media, was sold to Viacom International Media Networks for Eur 10 million.

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