Softbank will not modify the terms of its offer according to billionaire founder Masayoshi Son. In a statement, Softbank Corp said that its offer for 70% of Sprint Nextel Corp at US$20.
Corporations
Liberty Global Purchases Ziggo Shares
Liberty Global purchase shares in cable television rival Ziggo. Liberty Global, the American cable giant, has sought to purchase more shares to increase its stake in its Dutch rival Ziggo from 12.
Surgut's Cash Pile Found Amidst Conflicting Financial Signs
Surgutneftgas announces US$29 billion cash pile amidst a tangled web of financial reporting information.
Generali Reconfirms Sale of BSI and Generali USA
Generali reiterates sale of BSI and Generali USA to shore up capital reserves for Generali CEO Mario Greco.
Clariant Focusing on Funding for Biotechnology Projects
Clariant is seeking a partner or funding to finance its second generation bioethanol plant. Clariant AG is preparing to be in bed with a partner to help raise funding for its second generation bioethanol plant.
Latest News
Best Buy, in a cost cutting move, has dissolved the partnership with Carphone Warehouse Group. The GBP 500 million or the US$775 million sale is an indicator that Best Buy, the world's biggest consumer electronics chain would be scaling back its operations overseas to focus on US business.
CMI pays US$500 million for assets in El Salvador, Guatamela, Nicaragua and Panama. Telefonica of Spain has entered into an agreement to sell off 40% of its assets in four different countries in Central America to Corporacion Multi Inversiones (CMI).
Unilever offers 600 rupees per share of Hindustan Unilever shares. Consumer goods conglomerate, Unilever Plc, has tendered an offer to pay as much as US$5.
Langham Hospitality to offer IPO in Hong Kong. Langham Hospitality Investments, a trust fund supported by Great Eagle Holdings Ltd hotels, is projecting revenues as high as US$700 million when it undertakes its initial public offering in Hong Kong.
Equiduct Systems gets new capital infusion from new investors. Equiduct Systems had obtained capital infusion from new investors such as BNP Paribas SA and Winterflood Securities.
In an effort to increase dividends, Suncor CEO undertook a share buy back program. The largest energy company by market value, Suncor Energy Inc announced that it would buy back nearly Can$2 billion or US$1.
Millenial Media's current fiscal situation may attract known technology companies such as Yahoo, Microsoft and Facebook.
Intel CEO sends letter to FCC Chairman throwing support to the Softbank bid. Paul Otellini, the CEO of Intel Corp has sent a letter to the Federal Communications Commission vouching for his support for SoftBank's bid for Sprint Nextel instead of the Dish Network's unsolicited bid.
KMG Chemicals has purchased OM subsidiaries located in the United States, United Kingdom, Singapore and France.
