Tags: Investors
Fund Managers Lose Bid to Stop Share Sale
Corvex and Related lose court fight to restrain stock offer by Commonwealth REIT. Despite the objections by investors in CommonWealth REIT, the sale of thirty million shares valued at US$19 per share would proceed as planned.
Hess to Divest Trading Arm
Hess sells of Hetco, its energy trading subsidiary. Hess Corp will be selling off its energy trading arm Hetco to precipitate its exit from the gasoline and marketing industry by the year 2015.
Group Swaps holdings with stake in Vuclip
Owners of Vuclip and Jigsee swap shares. In a rather complicated deal, XinLab Inc. who operates Vuclip has acquired startup Jigsee through an all stock deal.
Private Equity Scams Prevail in China
Scams on fraudulent private equities rob individuals of hard earned money. The city of Tianjin in China was rocked with controversy as thousands of retail investors claimed they were tricked by a group that offered illegal wealth management products.
