Constar International Holdings, which lost its contract with PepsiCo last year, filed for its third bankruptcy since 2008. Constar filed for Chapter 11 protection as it hopes to nail down its sale to Amcor Rigid Plastics USA.
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Blackstone to sell its stake in Indian drug maker Emcure Pharma to Bain Capital for INR650 crore
Private equity firm Blackstone Group has put up for sale its 13.09% stake in Indian drug company Emcure Pharmaceuticals. The stake will be sold to rival private equity firm Bain Capital for INR650 crore.
Alceon snaps up Mirvac shopping centers in Australia for $100M
Australia-based funds management group Alceon has acquired two shopping centers from Mirvac Group in a deal valued at $100 million as part of the listed group's non-core disposal program.
New York-based EdTech raised $51 million in a funding round led by London venture firm Atomico to go global
New York-based innovative learning company EdTech has landed $51 million in a funding round led by London venture firm Atomico to take personalized learning on a global scale.
Facebook chief executive Mark Zuckerberg will be selling 41.4 million shares worth $2.3 billion as part of Facebook's follow-on offering of 70 million shares
Facebook chief executive Mark Zuckerberg will be selling 41.4 million shares worth $2.3 billion as part of Facebook's follow-on offering of 70 million shares. The said stock offering is worth a total of $3.9 billion.
Latest News
New York, US-based firm Floored Inc has raised $5.3 million in a Series A funding round led by RRE Ventures for its technology that allows real estate professionals to create a 3D model of properties.
Palo Alto, California-based Cyanogen has closed $23 million in Series B funding from Andreessen Horowitz and Tencent to expand its workforce and develop its CyanogenMod mobile operating system.
In a bid to expand its operations in China, The Hershey Company recently bought out Shanghai Golden Monkey Food Co, maker of over 200 varieties of candy, in a deal valued at $498 million.
Restaurant operator Darden Restaurants on Thursday announced that it intends to spin off or sell its Red Lobster chain, succumbing to pressure by activist investor Barington Capital Group. Barington owns over 2% stake in Darden.
Australia's treasurer Joe Hockey has given a conditional approval for State Grid Corporation of China's acquisition of stakes in Australian electricity and gas distribution assets.
KBC Bank, which received a €7 billion government bailout in 2008, will be selling the Antwerp Diamond Bank to Chinese investor Yiren Group. KBC has disposed a string of units since the Belgian government rescued it during the financial crisis.
Melbourne-based First Guardian plans to launch an Islamic pension fund in January, collaborating with some of Australia's most well-known Muslim organisations to tap the country's $1.5 trillion private pension system, the world's fourth largest.
Australia-based mobile device provider Telstra Corporation Ltd will sell CSL, its Hong Kong-based mobiles business to HKT Limited in a deal valued at $2.425 billion.
German carmaker Daimler will take a 5% stake in British luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the latter. The partnership will develop a new generation of V8 engines for sports cars.
