BYD, despite financial difficulties, denies share offer in the Hong Kong bourse. The Warren Buffett-Berkshire Hathaway backed Chinese automaker BYD Co Ltd denied a recent news report that the company is planning to sell new traded shares in Hong Kong's bourse.
Consumer Electronics
Safeway Subsidiary Files for IPO
Safeway's Blackhawk to open up for IPO. The gift card and payment service unit of Safeway Inc, Blackhawk Network Holdings Inc, has filed with federal regulators an application for an IPO of Class A common stock amounting to US$200 million.
Iconic Grenada School Exploring Sale
St George University is now on sale. St George's University in Grenada is up for sale according to anonymous sources. The school came to prominence when then US President Ronald Reagan ordered troops to evacuate American students in the island country following a military coup back in 1983.
NFL and Providence Equity Form Partnership
The partnership between the NFL and Providence Equity would focus on sports and entertainment assets.
Nordic Cinema Business Merger in the Offing
Ratos and Bonnier to merge cinema interests in Nordic region. Ratos, the private equity firm and Bonnier the publishing giant has agreed to the merger of their cinema chains Finnkino and SF Bio respectively.
Latest News
Pinnacle expecting IPO to net US$2 billion. Pinnacle Foods, the packaged food maker owned by the Blackstone Group LP is deep in preparations for its initial public offering.
Taylor Morrison is now undertaking plans to market its IPO. Renowned homebuilder in the U. S. and Canada, Taylor Morrison Home Corporation (TMHC) will proceed with its initial public offering next week according to sources.
Solaire Manila Casino opens to fanfare and hoopla in Manila. Billionaire port magnate Enrique Razon' s Solaire Manila Casino will open tomorrow in the Philippines.
AB InBev and DOJ continue discussions on sale to Constellation of Grupo Modelo brands and brewery. Anheuser-Busch InBev NV and the Justice Department will seek court permission to extend talks on a settlement proposal of a lawsuit blocking the beermakers acquisition of Grupo Modelo SAB.
Time Inc will split from Warner Inc. The creation of the largest publicly traded magazine publishing company may just be the portent of deals that would also include ownership stakes in People Magazine and Sports Illustrated.
Viko contemplates sale and hires Credit Suisse for assistance. Viko, the family owned electric appliances manufacturer from Turkey, has hired Credit Suisse to sell the company for a price tag between US$500 million to US$1 billion.
Avis-Zipcar acquisition gets regulatory approvals in US and UK. The purchase of Avis Budget Group Inc of Zipcar Inc was successfully concluded. Avis Budget has fruitfully completed the requirements needed to comply with the U.
M&S again reported to be subject of takeover bid, this time from the Qatari Investment Authority. The famed British retailer Marks and Spencer became rife with bid speculation again after a year of weak trading and flat share prices.
Chinese investments through IADB show Chinese interest in the regional market. China will be investing in the Interamerican Development Bank's projects in Latin America and the Caribbean.
