Lone Star and Wells Fargo would divvy up the assets of Commerzbank. Lone Star, the private equity firm, and Wells Fargo are in talks to purchase a GBP4 billion or US$6.
Corporations
Toshiba and SunEdison to build megasolar plants
Tohiba and SunEdison have entered into an agreement to build megasolar plants. Toshiba Corp and a unit of MEMC Electronic Materials Inc, SunEdison have entered into an agreement to build solar power plants in Japan.
Dish Plays National Security Card
Dish plays national security issue in its bid to stop the Softbank bid from pushing through. Dish Network has formally sought regulator intervention, specifically suspension of the review of the bid provided by Softbank Corp of Japan for the acquisition of Sprint Nextel Corp.
Johnson and Johnson Divestment Clouds Takeover Bid
Johnson and Johnson accounted for 92.3% of shares bought back, complicating matters for the Royalty Pharma takeover of Elan Pharmaceuticals.
OPKO Health announces growth activities
OPKO Health announced investment in OAO Pharmasynthez and partnership with Rusnano. OPKO Health Inc has announced that it would be investing about US$9.
Latest News
TerraSim is acquired by Riverside. Pittsburgh, Pennsylvania-based TerraSim, has been acquired by The Riverside Company. TerraSim has been added to Riverside's platform of Bohemia Interactive Simulations.
Tele2 is exploring acquisitions in Europe and Eurasia. Tele2, the Swedish telecommunications firm after its recent Russian exit, is now in search of acquisitions located in Europe and Eurasia.
Standard Chartered has acquired the custodial and trustee operations of Absa in South Africa. (Corrects paragraph 2 to 'immaterial' instead of 'material') In an announcement, Standard Chartered would be acquiring Absa Group, the South African custodial and trustee operations of Barclays Plc.
M.Video, Russia's biggest electronics retailer has sought permission from government regulators as to the projected acquisition of Eldorado.
Votorantim Cimentos, the cement manufacturer would establish an IPO through Brazilian and American depositary receipts listed at the NYSE.
GMR Airports of India is setting up an IPO of shares for expansion and exit purposes. GMR Airports, the largest airport developer in India will be selling shares through an initial public offering in an effort to raise Rs 2,000 crore for two purposes.
Hannon Armstrong Sustainable Infrastructure Capital is preparing for an IPO with a midpoint price per share of US$13.
Because of a claim from a Singaporean creditor, share trading of Surabaya Agung was suspended in the Indonesian bourse.
According to Paul Flynn, new CEO of Whitehaven Coal the shares of embattled tycoon Nathan Tinkler remains put in the company.
