The sanitary wares giant recently sold its glassware subsidiary for an undisclosed amount. HSIL Ltd recently sold off its entire shareholdings over AGI Glasspack Ltd.
Corporations
China Nods Shell's Shale Gas Block Contract
Shell says China approves a product-sharing contract for the share gas block in Sichuan. Royal Dutch Shell has received approval from China for a production-sharing contract for the Fushun shale gas block in the southwestern province of Sichuan as it steps up drilling activities in the Asian country.
Deloitte and Roland Berger Discuss Merger
After so many years, the two major firms namely Roland Berger and Deloitte have been talking merger.
Next Media's Sale Fails to Launch
Next Media's pending sale was held back by protests and other hindrances. Jimmy Lai, the Hong Kong billionaire, has offered his Taiwanese newspaper and magazine for sale but did not push through.
Foxconn and Sharp Still Have No Deal Forged
A year ago, Sharp announced Foxconn would purchase shares but a year later, no agreement has been forged.
Latest News
Shire pay US$160 million for SARcode Bioscience. Shire recently announced its purchase of privately owned US biotech firm SARcode Bioscience. The acquisition was worth US$160 million and central to the deal is the rights over a new drug in the late stages of development that helps cure dry eye disease.
CDW has filed papers of its IPO with the SEC. CDW Corp had filed documentation with US regulators reporting the raising of US$500 million in its initial public offering.
Sanofi is seeking partnership for venture capital projects for its future portfolio. France's largest drugmaker Sanofi is seeking more deals with venture capitalists such as its agreement with biotechnology company Warp Drive Bio.
Vodafone is nearing the share market valuation of Verizon, with decision time on the future of the company's venture.
CSM sells off bakery supplies business to Rhone Capital for Eur850 million. CSM, the Dutch food ingredients conglomerate had announced that it sold its bakery supplies business for Eur850 million or US$1.
Otelco attributes loss of Time Warner contract and FCC order as causes for the need to seek bankruptcy protection.
Energy company Total and Norwegian oil services firm Aker Solutions have signed an agreement in which the latter will deliver a subsea production for the Moho Nord Project in Congo Republic.
Construction firm Arabtec has hired Shohidul Ahad-Choudhury, former executive of Deutsche Bank as the new mergers and acquisitions head.
Argentina has recently instituted new regulation for investments to curb capital flight and retain dollars.
