Canada's OMERS pension fund poised to make major purposes in 2013. OMERS, one of Canada's leading pension funds, announced last Friday that it is now in the process of diversifying its portfolio away from traditional areas such as North America, the United Kingdom and Western Europe.
Leveraged Buyouts
Rosneft to Take Over Russian rival TNK-BP in $55 Billion Deal
Rosneft and TNK-BP are expected to sign $55 billion agreement to mark one of the largest acquisitions in the oil industry.
SAP Acquires SmartOps
SAP acquires SmartOps for long term plans. SAP AG announced that it is in the process of acquiring SmartOps, a provider of inventory and service level optimization software programming.
Angel Telecom Acquires Vivaro Corp
Angel Telecom saves Vivaro from bankruptcy. In an announcement, Angel Telecom Corp said that on February 8, Next Angel LLC would come to fore. Next Angel LLC is a joint venture between Angel and Next Communications Inc and Marcatel Telecommunications LLC.
American Companies Expected to Boost Spending for 2013 As U.S. Economy Recovers, Analysis Reveals
Research shows that more companies in the U.S. are set to increase their spending for 2013, implying a boost for the American economy.
Latest News
WSJ reports bid for Boston Globe pegged at US$100 million. According to a report from the Wall Street Journal, the New York Times Co received a formal offer on the Boston Globe in the amount of US$100 million.
Gardner Denver mulling over US$75 per share offer from KKR. Gardner Denver Inc. 's board would convene on Monday to consider the US$3. 7 billion offer by private equity firm KKR and Co.
No one is safe without the numbers, message sent to industry by Heinz buyout. The buyout of H. J. Heinz by Warren Buffett's Berkshire Hathaway and others have placed many food executives of known brands properly warned that they either shape up or be shipped out.
Rosneft buys TNK-BP for over US$40 billion. If all goes according to plan, Rosneft would be taking over control over its major rival, TNK-BP. The two Russian oil companies would then complete the oil industry's biggest takeover in history, three months before the agreed upon deadline.
Morgan Stanley purchases Russian Mall for US$1.2 billion. Morgan Stanley Real Estate Investing, the fund manager's property arm has recently purchased Metropolis Shopping Mall located in northwestern Moscow.
CPU Technology's Acalis microprocessor business has been acquired by Boeing which is seeking to address the need of its customers worldwide to protect war fighters from information-assurance attack.
MCW Group acquires Perez Engineering in line with help grow customer base in key markets The MCW Group of Cos. said that Canadian Perez Engineering Ltd.
SAP paves way to develop real-time supply chain software solutions as it plans to merge with SmartOps
MCW acquires Perez Engineering. In a statement, the MCW Group of Companies announced that it was introducing MCW Consultants Inc. The new firm would take the place of the former Perez Engineering Ltd, which was acquired by MCW.
