Wood and pulp producer Georgia-Pacific purchases Buckeye Technologies for US$1.45 billion. The US paper and pulp producer Georgia-Pacific LLC has agreed to purchase Buckeye Technologies for the price of US$1.
Corporations
Deutsche Telekom Back to USA Markets
With the T-Mobile USA and MetroPCS Communications deal, Deutsche Telekom finds a way to stage a comeback into US markets.
Atos Seeking Minority Investor in Business
Atos is seeking for a minority investor for its electronic payments unit. Atos, a French computer services firm, has received informal bids from potential partners for its new electronic-payments unit.
Nexstar and Mission Broadcasting Divvy Up TV Stations
Nexstar and Mission Broadcasting acquire television stations from Communications Corporation of America and White Knight Broadcasting.
Tata Steel Issues Singapore dollar denominated 10 year bonds
Tata Steel is issuing ten year Singapore dollar denominated bonds at 5.25%. A local market deal has been formalized and was launched this morning. The deal was Tata Steel's ten year Reg S Singapore dollar denominated bond at 5.
Latest News
Intel Capital leads US$12 million fund round for Gengo, the translation company. Gengo announced today that its recent funding round closed US$12 million additional funding.
Deutsche Bank and Mainfirst would conduct pre-IPO private placement sales of Evonik shares. Deutsche Bank and Mainfirst, two major investment banks are in the process of placing up to 2% of the shares in Evonik, the Germany based chemical company.
Telekom Srbijia AD is not for sale as there is no policy set by the Serbian government. The state run Telekom Srbijia AD is not under any immediate plans to be sold off by the Serbian government.
ICE's acquisition of NYSE Euronext would be reviewed by the EU competition regulator. The US$8. 2 billion purchase by Intercontinental Exchange of NYSE Euronext would be examined by European Union antitrust regulators.
Altor sells Euro Cater to consortium led by Intermediate Capital Group Plc. Altor, the private equity firm from Sweden said that it has entered into an agreement to sell its shareholdings in Euro Cater, the food services company from Denmark.
AXA purchases Tian Ping Insurance, expanding its reach in the Asian markets. AXA had announced its purchase of half of the shareholdings in Tian Ping, the Chinese property and casualty insurance firm.
Jet Airways sells off minority shares to Etihad to a reported US$379 million. Jet Airways of India would be selling its minority shareholdings to Etihad Airways for the price of US$379 million.
In a proof of expansion, OPKO Health has acquired Prolor Biotech reportedly for US$480 million. OPKO Health Inc has announced that it would purchasing Prolor Biotech Inc, the biopharmaceutical ecompany from Israel through an all-stock deal that is estimated to be worth US$480 million.
Singapore Airlines increases shareholdings from 10% to 19.9% worth Aus$123 million. Singapore Airlines Ltd has increased its shareholdings in Virgin Australia Holdings Ltd from 10% to 19.
