Diageo is improving its acquisition offer of United Spirits of India. Diageo, the UK drinks company has raised its bid offer for United Spirits of India through a public offer.
Corporations
Blackstone sets Dell visit as part of due diligence in its buyout bid
The scheduled visit of Blackstone Group to Dell’s headquarters on Monday sends a strong signal that the firm is firming up a bid that could upset the $24.4 offer of founder Michael Dell.
Indonesia's Mandala Air to acquire 18 Airbus A320 for $1.6 B by 2014
In a bid to capture middle class travel in Southeast Asia, Indonesian airline PT Mandala Airlines is set to spend $1.6 billion to buy 18 Airbus A320 planes by 2014.
Finland Banks on Venture Capital Financing for Growth
The government is seeking venture capital financing for growth without affecting its bottom line. Finland is maximizing venture capital financing as a means to spark the economy out of the doldrums without affecting its current AAA ratings.
Catalyst is Preparing to Use its US$125 Million Fund
Kenya based Catalyst Principal Partners is searching for investments for its US$125 million fund. Catalyst Principal Partners, a private equity firm based in Kenya, is eyeing to make investments using a US$125 million fund with a partnership seeking to maximize real estate deals.
Latest News
Hilco acquires HMV from its administrators. Hilco, the restructuring specialist recently announced that it had acquired British entertainment retailer HMV.
Petronas, the Malaysian state backed oil and gas firm, has increased the offer made per share. Petroliam Nasional Bhd, the state owned oil and gas company of Malaysia, has increased its offer to purchase MISC Bhd.
If the French government will have its way, it wants that a consortium composed of banks and insurers in the country to buy around 34 percent of the Euronext stock exchange.
VTB completes purchase of Tele2 Russia despite competitors crying foul. Tele2 announced Thursday that the acquisition by VTB of Tele2 has been completed.
Deutsche Telekom board considering modifying offer on merger terms between T-Mobile USA and MetroPCS Communications.
Italian fashion house Versace plans to accept outside investments to fund expansion in overseas market such as Asia.
The BTS Rail Mass Transit Growth Infrastructure Fund is now worth US$2.13 billion after its IPO. BTS Group, the Bangkok SkyTrain operator has raised nearly US$2.
Billabong is currently priced at Aus$0.50, much lower than the estimated offer. Billabong International Ltd, the largest surf wear company in Australia, is being bidded out for as low as Aus$0.
Randstad purchases part of USG People's operations at Eur20 million. Randstad, the Dutch staffing firm has entered into an agreement to purchase part of USG People's European operations.
