An agreement was signed between NRG Energy and Edison Mission for assets worth USD2.64 billion. The largest independent power producer in the United States, NRG Energy Inc, had entered into an agreement to purchase most of the assets of the bankrupt Edison Mission Energy.
Leveraged Buyouts
Office Depot-Office Max merger to get FTC approval
There would be no obstacle to the USD976 million all-stick consolidation of Office Depot and Office Max Inc as according to unnamed sources in a Wall Street Journal report, the Federal Trade Commission would be approving the merger.
Nokia's cash deal paves way for Alcatel-Lucent buyout- report
A Bloomberg report revealed that Microsoft's acquisition of Nokia Oyj's handset business allowed the latter to purchase the wireless network equipment business of Alcatel-Lucent.
Charterhouse Capital mulls GBP 1 billion offer for G4S- sources
Sources told Bloomberg that Charterhouse Capital Partners was considering a GBP 1 billion offer for G4S's cash solutions unit.
Alico heirs to sell off shares
Two agribusiness firms scramble to purchase shares in Florida citrus grower Alico. The heirs of Ben Hill Griffin Jr have sold off their shares in the market leading Florida based citrus company.
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New York-based private equity company KKR agreed to buy Avoca Capital for an undisclosed amount. Private equity firm KKR & Co has approved the deal to purchase Avoca Capital.
Schindler Holding's value rose to its highest share price after two years due to the company's news of its share repurchase plans
According to sources familiar with the matter, any deal that Chinese computer maker Lenovo would push through with BlackBerry would cause regulatory hurdles.
In its announcement today, Wonga said it had acquired Germany online payments service BillPay for an undisclosed amount.
People familiar with the bidding of ParknShop told Bloomberg that the Charoen Pokphand Group and Woolsworths Ltd were considering of abandoning their bids for the supermarket chain.
Iron Mountain had purchased Cornerstone Records Management in an all-cash transaction priced at USD191 million.
Air France-KLM CEO Alexandre de Juniac said a company restructuring should happen in Alitalia before the French carrier would consider putting out a takeover offer.
A rise in acquisitions in Australian and New Zealand farms and assets had been seen recently. The bidding war over Warrnambool Cheese and Butter Factory Company Holdings Ltd had fanned investor fever of acquisitions in dairy farms and companies over Australia and New Zealand.
Warrnambool Cheese and Butter Factory Company Holdings Ltd received its third and bigger acquisition offer from Murray Goulburn Co-operative Co Ltd.
