Caterpillar ends impasse with Mining Machinery for a lower price on purchase. The outstanding issues between Caterpillar Inc and Mining Machinery Ltd of China have been settled.
Leveraged Buyouts
Yahoo Acquires Tumblr
Yahoo has just announced the acquisition of Tumblr. The board of directors of Yahoo Inc has just recently approved a deal to purchase Tublr, the blogging and social networking site.
Pinchuk claims breach of contract and trust against fellow Ukranians
Billionaire Victor Pinchuk files for breach of contract and breach of trust against fellow Ukranian moguls.
Saudi Shares Increase, Headed by Property Companies
Saudi Arabian shares increase led by property and petrochemical companies. The majority of the increases in the benchmark stock index of Saudi Arabia was attained in the last four months.
Milagro Oil and Gas formed by agreement
Milagro Oil and Gas Inc formed from the exchange offer agreement between Milagro and Vanquish. A newly formed corporation would be formed from the transfer of all the assets of Milagro with Vanquish Finance.
Latest News
Altron offers to purchase all the shares it does not already own in Allied Technologies. Allied Electronics, a major player in the South African consumerelectronics market, has formally offered to purchase all the share capital in Allied Technologies Limited that it does not already have in its portfolio.
Shareholders vote for acceptance of TPG offer. In an announcement today by Assisted Living Concepts, Inc. , it was disclosed that its stockholders have voted to accept the earlier disclosed merger agreement with associates of TPG.
Budco announces the acquisition of South Shore Venture Enterprises. In an announcement by the leading company on marketing solutions, Budco, it disclosed today of the purchase of South Shore Venture Enterprise LLC.
Gildemeister has clarified the regulatory website information published as to the plans of Mori Seiki.
Snoro Lizingas UAB purchased from bankrupt Bankas Snoras by LHV Pank AS and RAZfin of Lithuania. Estonian banking group, LHV Pank AS together with RAZFin of Lithuania have agreed to purchase Snoro Lizingas UAB from bankrupt Lithuanian bank Bankas Snoras AB.
Corvex and Related Fund have been trying to takeover CommonWealth REIT but has been thwarted by the provisions in the REIT bylaws.
China's State Grid Corp purchases 19.9% shareholdings in SP AusNet for US$802 million. In an announcement, the State Grid Corp of China is purchasing shareholdings in an Australian electricity network company.
Bayer AG purchases Steigerwald for an undisclosed amount. The largest pharmaceutical firm in Germany, Bayer has announced it has agreed to purchase Steigerwald Arzneimittelwek GmbH, a privately owned maker of herbal medications.
Dnata purchases shares of Air France-KLM in Servair Airchef. Dnata, the Emirates airline services arm has purchased Air-France KLM's shareholdings in a joint venture catering business in Italy.
