Blackhawk, Safeway's company, priced its IPO above initial pricing. The gift card provider, Blackhawk Network Holdings Inc, is owned by Safeway Inc recently announced it has raised US$230 million in its inital public offering.
Corporations
SeaWorld IPO Reveals Expansion Goals
SeaWorld CEO hints at overseas expansion in light of successful IPO. From the humble beginnings of being a parking attendant at Busch Gardens, James D.
FreePort McMoRan Acquisitions Problematic
The recent issues with FreePort McMoRan's acquisitions leave its future much in doubt. Last December 5, 2012 Freeport McMoRan Copper & Gold announced that it had acquired Plains Exploration & Production and McMoRan Exploration for US$10.
Hermes Purchases Shareholdings in Joseph Erard
Hermes purchases stake in Joseph Erard in a bid to shore up supplies for their upscale watch brands.
Sinopec's Bond Sale Breaks Record
Sinopec's bond sale is the largest debt sale in Asia outside of Japan. In a recent announcement, China Petroleum and Chemical Corporation has raised a total of US$3.
Latest News
ING sells shares in KB Life to JV partner. ING Groep NV, the Dutch bank and insurance group announced that it had agreed to sell its 49% shareholdings in KB Life, the Korean insurance company.
EBRD announces the purchase of 5.75% share in chemicals maker Azoty Tarnow. The European Board for Reconstruction and Development's Board of Directors has agreed to purchase a 5.
The largest corporate bond issue of the Philippines was recently launched by San Miguel Corp. The Philippines' most diversified corporation, San Miguel Corporation has raised a US$800 million through a ten year bond issue.
Polyus Raises nearly US$750 million through a bond issue. Polyus Gold, the biggest gold miner in Russia, has raised nearly US$750 million through a seven year Eurobond issue.
According to anonymous sources, Blackstone Group withdraws from Dell takeover bidding. And now it has come to one, as Blackstone Group LP has withdrawn from the race for the takeover of Dell Inc.
The PCL Infrastructure Fund IPO increased by 17.6% from its unveiling price. The PCL Infrastructure Fund of BTS Group Holdings increased by 17. 6% during its trading debut last Friday.
The dual tranche Softbank Corp bond issue proceeds would help fund the Sprint Nextel bid of the company.
IBM has agreed to sell its x86 server business to Lenovo. The IBM Corp is discussing to sell off its x86 server hardware business to Lenovo Group, the Chinese computer manufacturer.
Seaworld sold 10 million shares at US$27 per share totaling US$702 million. SeaWorld Entertainment Inc is backed by Blackstone Group LP, which has priced the shares for initial public offering of the theme park operator at US$27 per share.
