Rhode Island-based Twin River Worldwide Holdings Inc reportedly purchased the Hard Rock Hotel and Casino in Biloxi, Mississippi for $250 million in a bid to expand its gaming operations.
Corporations
Accelrys picks up Irish software firm Qumas in $50M takeover deal
California, US-based software developing company Accelrys has acquired Ireland-based software business Qumas in a deal valued at $50 million to expand its products expansion and client base.
Essilor announces acquisition of Canadian eyewear firm Suntech Optics
France-based ophthalmic lenses firm Essilor International has acquired Canada-based sunglasses and reading glasses distributor Suntech Optics Inc to develop its prescription and non-prescription eyewear product portfolio.
Australia's Challenger inks deal to buy Bendzulla for $25M
Australia-based investment management firm Challenger Ltd has entered a deal to purchase self-managed superannuation fund (SMSF) services provider Bendzulla Actuarial in a deal valued at $25 million.
Robinsons Retail buys local operator of Shiseido, Benefit cosmetic unit in the Philippines
Robinsons Retail Holdings Inc. has bought Beauty Skinnovations Retail Inc. (BSRI) for an undisclosed sum. BSRI operates the Philippine stores of Japan's Shiseido Co. Ltd. and US' Benefits Cosmetics LLC.
Latest News
British pharmaceutical corporation GlaxoSmithKline on Monday announced that it would buy up to 20.6 million shares in Indian subsidiary GlaxoSmithKline Pharmaceutical Ltd. for a total of $1.02 billion.
Sources said that American International Group is close to a deal to make its exit from International Lease Finance Corp. to Netherlands' AerCap Holdings NV. Under the deal, AIG will reportedly receive $3 billion in cash and $2.4 billion in stock.
Asia Pacific Stock Exchange (APX), a new bourse that aims to lure Chinese firms, has received final approval from the Australian Securities and Investments Commission to start operating.
The initial takeover proposal of AU$752 million from Senex Energy was rejected by oil and gas exploration and production firm AWE Ltd.
Commonwealth Bank of Australia Ltd plans to sell down its 8.6% stake in Kiwi Income Property Trust, which is worth NZ$95.7 million based on its last trading price.
Royal Dutch Shell's exit of its stake in Australia-based Woodside Petroleum Ltd may enable Asian buyers, particularly China, to get a stake of or even acquire the whole company, Bloomberg reported.
Insurance Australia Group Ltd (IAG) bought the Australian and New Zealand underwriting business of Western Australia's farmers' cooperative Wesfarmers Ltd for $1.845 billion.
BlackRock Inc will have to say on Monday what stake it holds in Italy's biggest telecom operator Telecom Italia, after the Italian market watchdog threatened to fine it for not disclosing an increase.
The following bids, mergers, acquisitions and disposals were reported on Friday including ITC Holdings, Dave & Buster, Time Warner Cable, Banca Etruria, Cube Capital, Cargolux, Simon Property and Versace.
