ISS and Glass Lewis provide opposing advisories to Clearwire shareholders regarding the takeover bid of Sprint-Nextel.
Corporations
Exporters from Germany Affected by Depreciation of Yen
German exporters face tough hurdle because of the Yen's continued depreciation. The big exporters of Germany are facing a new difficulty from its Japanese competitors following the quick depreciation of Yen as against the Euro.
The Gores Group Acquires Davis + Henderson Corp
The Gores Group purchases Davis+Henderson Corp. In an announcement from the Gores Small Capitalization Partners, LP disclosed its purchase of Davis + Henderson Corporation's three company units in Canada.
Merger Market Soon To Rebound
According to Credit Suisse, the cycle of mergers and acquisitions would soon be picking up because of positive factors in the market.
Softbank Threatens Banks That Fund Dish Bid
Softbank waived the Alibaba IPO card to banks, saying their help in funding the rival bid can ruin their chances in participating in the highly anticipated IPO, which it owns one third of.
Latest News
Icahn, in a bid of bravado, offers a couple of billion of own money for Dell bid. Billionaire investor Carl Icahn, who has just informed the Dell board of an intention to bid for the company with Southeastern Asset Management, told Reuters that he is willing to contribute a couple of billion of dollars in order to finance a bridge loan worth US$5.
Hess, in a move to address criticisms, splits the position of CEO from Chairman. In a bold move, Hess Corp would be splitting the roles of chairman and chief executive officer in its annual shareholders meeting next week.
Harry Winston is now a Swatch unit to be headed by Nayla Hayek, daughter of Swatch group founder Nicolas Hayek.
True Religion Apparel sold to TowerBrook Capital. In an announcement today, True Religion Apparel, Inc disclosed that it has entered into a merger agreement with TowerBrook Capital Partners LP for US$835 million.
Vitol, in a move to boost profits, purchases the Immingham power plant. The world's biggest oil trader, Vitol, has entered into an agreement to purchase the largest and most modern power plants in Britain.
Taobao.com and Tmail.com are seeking partners as it dominates markets in China among others. The world's largest online retailer, Alibaba Group Holding Ltd is now seeking to find partners for its processing and logistics units as it tries to entice more shoppers from overseas unit right before the conduct of its IPO.
Alibaba Group has purchased 28% of AutoNavi Holdings Ltd for US$294 million. China's largest e commerce company, the Alibaba Group has purchased a 28% share in AutoNavi Holdings Ltd, the digital mapping company.
Ares purchases AREA Property and undertakes management shakeup. Ares Management LLC disclosed through an announcement that it inked a final contract to purchase AREA Property Partners, LP.
Lehman may sell off US$14 billion in unsecured claims to raise funds to pay off debts and other claims.
