Krehbiel family-founded Molex had agreed to be bought out by Koch Industries for USD7.2 billion. On Monday, Koch Industries had agreed to acquire Molex for USD7.
Corporations
Politico publisher Allbritton acquires news site Capital New York for expansion
Politico publisher Robert Allbritton issued a statement on Monday saying that he acquired news Web site Capital New York for a small, undisclosed amount.
Western Digital acquires Virident
Virident is purchased by Western Digital for USD685 million in cash. Western Digital Corp, the hard drive manufacturer, announced its pending purchase of Virident Systems Inc, a flash memory manufacturer for servers.
Tokyo as 2020 Olympic host seen as gaming industry boon
The award to Tokyo as the 2020 Summer Olympics host leveraged to pass gambling casino legislation. Two major gaming firms, Las Vegas Sands Corp and MGM Resorts International are searching for sites to build casinos in Japan.
Russian Euro and dollar denominated bonds available
The benchmark debt from Russia has now been made available expecting a windfall after US Fed Reserve remarks on scaling back stimulus expenditures.
Latest News
Sources said China Huishan Dairy Holdings would be filing for a Hong Kong IPO to raise USD 1.3 billion.
The rule increasing the processing time from five to fifteen days was met with waves of complaints as it hinders business operations.
BBA Aviation plunged as much as 4.1% after merger talks with Dubai Aerospace Enterprises Ltd ceased.
NYSE Euronext bought a minority stake in startup ACE Group Inc. NYSE Euronext acquired a minority stake in ACE Group Inc. No financial terms were disclosed.
Marubeni-Itochu Steel announced its purchase of US pipes trader Sooner Inc for USD 600 million. Marubeni-Itochu Steel Inc said it would purchase Sooner Inc for USD 600 million.
The Financial Times reported that Vodafone may not be able to acquire Kabel Deutschland for lack of shareholder approval.
Sentix Research Group reported that investor sentiment in the Euro zone was positive and upbeat this month.
Andre Esteves' Grupo BTG Pactual exercised option to purchase MPX Energia shares. The investment bank controlled by tycoon Andre Esteves, Grupo BTG Pactual, had announced the exercise of an option to acquire 28.
According to sources who told Wall Street Journal, Neiman Marcus would be wrapping its over USD6 billion exit deal with Ares Management LLP and the Canada Pension Plan Investment Board soon.
