Jabil Circuit, whose customers include Apple and Cisco Systems, will put up for sale its aftermarket services for $275 million. The contract electronics maker also looks to part ways with BlackBerry as its revenue declines.
Deals
Russia to invest €5B in Serbia's energy sector
Russia is prepared to invest more than €5 billion in Serbia to back projects centered in the energy and production sectors including lubricant refining, and plant reconstruction projects.
Peru's Petroperu intends to raise $2.7 billion for refinery expansion
Petroperu will be seeking to riase $2.7 billion to fund the modernization and upgrades of its Talara refinery. About half of the funds will come from international investors, Reuters reported.
Centerbridge backs out of deal to acquire LightSquared
Private equity firm Centerbridge Partners has abandoned the deal to buy bankrupt LightSquared. Centerbridge, which had offered $3.3 billion for LightSquared, is uncertain over when federal regulators would approve the company's proposed building of a wireless network.
Australia's Bega to mull stake option after pulling out of Warrnambool takeover battle
New South Wales, Australia-based dairy firm Bega Cheese Ltd will consider stake options after dropping out of the three-way takeover contest for Warrnambool Cheese & Butter Factory Co.
Latest News
Aubrey McClendon, the former Chief Executive Officer of Chesapeake Energy Corp, is seeking investors for a new venture that would invest in oil and gas.
The US Department of Energy (DOE) granted $13 million to five solar companies to help strengthen local solar manufacturing and increase competitiveness in the clean energy market.
Braskem will acquire Argentine-Brazilian plastics maker Solvay Indupa for $290 million. It will buy 70.59% of Solvay Indupa by assuming its debt and through cash. Braskem will also purchase the remaining 29.41% of the company floated on the Buenos Aires bourse.
Texas, US-based energy explorer Comstock Resourced Inc has allocated roughly $450 million as investment for its drilling and completion operations in 2014, with a further $28 million for leasing activities.
Hutchison Whampoa, a conglomerate controlled by Hong Kong tycoon Li Ka-shing has picked Bank of America Merrill Lynch, Goldman Sachs and HSBC to manage the proposed listing of A.S. Watson in Hong Kong and London.
A $3 billion share buyback program was authorized by Northfield, Illinois-based Kraft Foods Group Inc, the first after the firm turned independent in October 2012.
Venture capital firm Unitus Seed Fund invested an undisclosed sum in Chennai, India-based affordable eyecare startup Welcare Health Systems amid increasing interest of risk capital in eyecare firms.
The Tel Aviv District Court has cleared Eduardo Elsztain and Moti Ben-Moshe's rescue plan for highly indebted conglomerate IDB Holding Corp. The partnership's takeover bid has won support from IDB's bondholders and creditors this month.
Leading Asian e-commerce company iBuy Group Ltd is raising $37 millionto pay for fund advertising and acquisitions in a fully underwritten initial public offering (IPO).
