Sources told Reuters that last-minute talks held by German real estate company IVG with creditors could make its debt restructuring deal a possibility.
Corporations
BMC cuts leveraged buyout loans to US$3.5 billion from US$4.2 billion
BMC cut its leveraged buyout loans from US$4.2 billion to US$3.5 billion and boosted sale of bonds from US$1.38 billion to US$1.63 billion.
BMC raises US$1.63 billion of bonds
BMC Software Inc raised US$1.63 billion of dollar denominated debt after boosting the offering by 18%.
Arthur Sulzberger Jr. says there are no plans to sell the NYT
New York Times Co Chairman Arthur Sulzberger Jr announced they won't be selling the New York Times.
Washington Post Co.’s future relies on Kaplan's for-profit business
Washington Post Co.’s future relied on Kaplan Inc.'s for-profit colleges. On the night of August 5, Kaplan Inc. 's chief executive officer, Andrew Rosen, sent a memo to the company's workers regarding its parent corporation's, Washington Post Co.
Latest News
KTB Asset Management Co announced the successful sale of its Seoul property, the Twin Tree Towers, to IGIS Asset Management Co.
Chubu Electric Power Co purchased an 80% stake in Diamond Power Corp, an independent producer and supplier of power owned by Mitsubishi Corp and operates in Tokyo.
Manila Electric Co (Meralco) Chairman Manuel Pangilinan confirmed his company's interest in the power assets of San Miguel Corp (SMC).
The Warsaw Stock Exchange (WSE), also known as the Giełda Papierów Wartościowych w Warszawie (GPW), said it aims to purchase an equity stake of up to 30% from Aquis Exchange.
Sources told Reuters that Wal-Mart Stores Inc is thinking of bidding ParknShop, the supermarket business owned by Li Ka-shing.
Spanish officials sold a controlling stake in Project Bull to H.I.G. Capital for around EUR100 million.
Reports suggested that Cohen & Steers Inc. is shutting down its private equity real estate operations.
A joint venture between Tower Realty Partners, Second City Capital Partners, and the affiliates of Feldman Equities bought a 187,000 square foot St. Petersburg building for US$20 million.
YuMe Inc. revealed that it set its IPO price per share at US$9, below the company's US$12-US$14 expected price per share.
