Kroenke Sports & Entertainment LLC has delivered a counter $8.75 per share proposal to buy Outdoor Channel Holdings, which had already received offer from rival Leo Hindrey's InterMedia.
Corporations
Exxon Auctions off Stake
Exxon taps Barclays to assist in auction of its stake in Castle Peak. In a bid to sell up to US$2 billion worth of stocks, Exxon Mobil Corp has opted to sell its interest at an auction for the Hong Kong power venture it had ended a year ago.
Rosneft Finalizes oil for loan deal
Rosneft to start with oil for loan deal with Glencore and Vitol. Russian crude oil conglomerate Rosneft has entered into separate long term crude supply contracts with Glencore International and Vitol for supplies amounting to 67.
Johnson Controls Explores Options
Johnsons Controls Inc to sell of all electronics related units and divisions. Johnson Controls is looking into the possible sale of its automotive electronics unit.
Johnson Controls Considers Electronics Unit Sale But Says No to Interiors Sale
The U.S. largest auto supplier is rejecting speculations that it is planning to sell its automotive interiors business, saying it is actually looking forward for the sale of automotive electronics unit.
Latest News
Investor AB pays for 45 kronor per share of six million shares of Active Biotech. Active Biotech AB's share values rose to its highest levels after an 8% stake in the company was purchased by AB.
Regulators approves Glencore purchase of Xstrata Plc. The US$35 billion takeover of Xstrata Plc has been approved by the South African antitrust regulators.
South Korea's Samsung will be acquiring 3% Share in one of Apple Inc.'s Asian key display suppliers, Sharp Corp., as it dominates in overseas markets.
ING completes transfer of ING Groep NV's transfer to Barclays. ING Groep NV's sale has been completed by ING Direct UK to Barclays Bank. The cost of the transaction would be Eur280 million for the first quarter of 2013 and total loss would be Eur260 million compared to expected returns of Eur320 million.
Softbank expanding into mobile virtual network operations for internet companies. Softbank's next move is expected to make waves in the US wireless market when it enters into a partnership with Internet giants Google and Amazon.
Sohu stocks increase in value on rumored privatization. China's second biggest online video website Sohu. com has increased in value as it lead the gains of Chinese stocks on the basis of a news report saying the company would be privatized.
Splunk's lack of competition makes it a record price sale for acquisition. Splunk, the software maker that provides a service that is able to sift through information from websites to networks through tracking inventory, has been able to double its value since its IPO back in April.
Royalty Pharma has expressed confidence in its bid to buy out Irish drugmaker Elan, saying that its takeover offer is an attractive alternative.
The special board of directors committee of Dell is defending the sale of the company as it expects shareholders to get the best possible value from the deal.
