Sources told Reuters that Suntory would be acquiring two drink brands of GlaxoSmithKline in a deal worth more than GBP 1 billion.
Corporations
Edge Products seeks bankruptcy protection
Edge Products, the manufacturer of high quality parts for vehicle manufacturers, recently filed for Chapter 11 bankruptcy protection.
Malaysia Airports Holdings raises MYR 500 million in sukuk for terminal
Malaysia Airports Holdings was able to gather MYR 500 million from its sukuk issuance for the construction of its budget airlines terminal.
TMG sells ProSiebenSat stake, raises EUR 391 million
Telegraaf Media Group (TMG) was able to raise EUR 391 million by selling its non-core stake in ProsiebenSat 1.
E.ON Connecting Energies acquires Matrix
Matrix, the leading efficient energy management company, was purchased by E.ON Connecting Energies for an undisclosed amount.
Latest News
An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.
The Vaca Muerta oil field is set to be offered for bids by the regional authority of Patagonia, Argentina.
Traditional insurer American Family Insurance buys out online insurance provider Homesite Group Inc for USD616 million.
According to the Latin American Venture Capital Association, there has been a 100% increase in value and volume for the market for the first half of 2013.
Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.
Russia's richest man, Alisher Usmanov, said that he had decided to reduce his Facebook holdings by selling 14.2 million shares.
German publisher Axel Springer withdrew from the race to bid for 30% of Deutsche Telekom's Scout24.
According to a Reuters report, the US government would likely give its approval for the Smithfield Food Corp. and Shuanghui International Holdings USD4.7 billion deal.
Versace CEO Gian Giacomo Ferraris announced that the company planned to sell a minority stake privately before launching an IPO.
