ASE breaks ground for building construction of new facilities for semiconductor packaging and testing.
Corporations
Anti-money laundering concerns to delay M&T-Hudson deal
U.S. regulatory anti-money laundering concerns may cause delay in the proposed purchase of Hudson City Bancorp Inc by M&T Bank Corp.
JAB aims to build coffee conglomerate with Master Blenders purchase
Aiming to build a coffee conglomerate, Joh A. Benckiser, the investment arm of billionaire Reiman family, is set to acquire D.E. Master Blenders 1753 NV for about 7.5 billion euros ($9.8 billion).
Seibu Opposes Cerberus Attempts
Seibu Holdings is opposing attempts by Cerberus to gain more seats in the board of directors. Seibu Holdings, the railway and real estate conglomerate of Japan has rejected the attempt of Cerberus Capital Management LP to increase its shareholdings in the company.
Carlyle-Backed HD Supply Files for $1 billion IPO
Carlyle-backed HD Supply Holdings Inc. has filed for a $1 billion U.S. initial public offering. Carlyle-backed HD Supply Holdings Inc. has filed for a $1 billion U.
Latest News
Hinduja aims to form partnerships with UAE's sovereign wealth funds for projects in both India and the UAE.
Street fashion business Reliance Brands has entered into agreement with UK fashion brand Reiss for stores in India.
L&T Komatsu will cease to be as L&T would buy out Komatsu's shares in the joint venture. Larsen and Toubro Ltd will buy out Komatsu Ltd's 50% share in their joint venture.
WorldPay, a British payment processing company, will now have funds to pay a dividend and repay an expensive mezzanine loan with a new 700 million pound-equivalent ($1.8 billion) loan it had successfully raised.
An IPO is to be made of shares of Portola Pharmaceuticals expecting a return of US$150 million. An application to offer through initial public offering shares of stock from Portola Pharmaceuticals has been filed with regulatory authorities.
Lucky Brand and Juicy Couture of Fifth and Pacific Cos now offered for sale. Lucky Brand and Juicy Couture Brands of Fifth and Pacific Cos. have received offers from potential bidders.
Sharp is selling off its 9.2% shareholdings in Pioneer Corp. Sharp Corporation of Japan has announced it is selling off its 9. 2% shareholdings in car electronics manufacturer Pioneer Corp.
ChannelAdvisor has filed documents with the SEC to offer its shares in an IPO. ChannelAdvisor's main business is helping companies sell goods and services on the Internet has recently applied for listing through an initial public offer.
Praxair purchases CO2 assets of Tri-State Carbonic LLC. Praxair Inc, the industrial gas producer and supplier had announced earlier that it had acquired the carbon dioxide interests of Tri-State Carbonic LLC.
