Corporations
Amcor to spin off glass and beverage can packaging unit
Amcor Ltd announced plans to spin off its Australasia glass and beverage can packaging unit. Amcor Ltd announced plans to spin off the company's glass and beverage can packaging unit.
American Capital launches a refinancing program of its US$600 million credit facility
American Capital, Ltd. announced that it had launched a refinancing plan of its US$600 million senior secured credit facility.
Aurora Capital Group exits ADCO Global
Aurora Capital Group announced that it had completed the sale ADCO Global, Inc. to another private equity firm Arsenal Capital Partners.
Michael Dell’s proposed vote changes gets rejected by special committee
Michael Dell and Silver Lake's request to alter voting rules for their USD24.4 billion takeover deal was rejected by the company's special committee.
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B. Wayne Hughes, owner of REIT American Homes 4 Rent, said that they have raised an estimated US$705.9 million through the public offering of the company's shares.
Asian law firm King & Wood Mallesons agreed to merge with London-based SJ Berwin. King & Wood Mallesons, one of the largest law firms in Asia, agreed to merge with SJ Berwin effective November 1.
Energizer Holdings planned to acquire Johnson & Johnson's feminine care line for US$185 million.
Test prep industry leader Kaplan acquires Grockit's learning platform and assets. International test prep service provider Kaplan announced earlier that it has purchased the social learning platform and test prep assets of Grockit for an undisclosed amount.
BMC Software Finance Inc. said it intends to offer USD 1,380 million in senior notes through a private placement.
A source said that unless Dell's special committee revises the voting standard, talks of Dell's buyout by CEO Michael Dell and private equity firm Silver Lake will collapse.
IBM cooperated on the SEC probe of its cloud revenue. IBM Corp. stated Wednesday that it was cooperating with US regulators on a probe of its cloud revenue.
Spotify's revenues in 2012 grew more than twice as much after expansion. Spotify's revenues in 2013 more than doubled to Eur435 million or US$577 million from last year.
The recently-held talks between Apple and China Mobile could benefit both companies. The recently-concluded talks between Apple CEO Tim Cook and China Mobile Chairman Xi Guonhua could be beneficial to both, Reuters said in a report.
The rejection of Fiat SpA's request to value 54,000 Chrysler shares by the Delaware Chancery Court allowed the United Auto Worker's retiree trust case to go to trial but Fiat remained unfazed.