US casino operator Las Vegas Sands said on Friday that it will drop its over $30 billion investment plans into Eurovegas, a mega-casino project to be established in Madrid.
Deals
Breitburn acquires Texas oil and gas properties for $282M
US-based oil and gas company BreitBurn Energy Partners LP has announced a definitive agreement to acquire oil and gas properties in Texas' Permian Basin for an estimated $282 million.
BlackBerry extends option deadline of its $1 billion convertible debt offering
BlackBerry Ltd released a brief statement late Thursday that it has extended its deadline for debtholders who would like to purchase additional shares to January 13 next year.
Processor design firm ARM acquires Need for Speed graphics and lighting tech provider Geomerics
Cambridge, England-based ARM's acquisition of graphics and lighting tech for games maker Geomerics was strategic, as the former intends to extend its reach in visual computing.
Sycamore to announce $1.2 billion Jones Group acquisition by next week - sources
According to one of the two sources who were knowledgeable of the process, private-equity firm Sycamore Partners might announce its $1.2 billion acquisition of Jones Group Inc as early as next week.
Latest News
Debt-ridden fishing firm Pescanova SA is weighing a buyout offer from a consortium led by US private equity firm KKR & Co. The KKR & Co consortium, which includes investment firm Ergon Capital Partners and existing shareholders Luxempart and Damm, offered to acquire Pescanova for an undisclosed sum.
Fidelity and Guaranty Life has raised $165.75 million in its New York initial public offering. The Harbinger-backed insurer sold 9.75 million shares priced at $17 per share.
Israeli water meter developer Arad Group is in advanced talks to buy a 50% stake in a Mexican water-measuring company, a Bloomberg report said. The deal is reportedly worth $10 million and is expected to be closed early next year.
A report by Reuters said the financial crisis had shifted consumer spending habits in the UK from making bulk purchases in superstores to frequent small purchases in nearby small shops, prompting major grocers to change focus of their capital investment to the new consumer trend to attract potential investors.
According to Bloomberg, chemical firm BASF said it will be selling some North Sea oil and gas assets to MOL Hungarian Oil & Gas in a deal worth $375 million.
Confectionery retailer Candyking on Friday said it will withdraw its initial public offering at the Stockholm bourse. Candyking in November said that it would sell 18.5 million shares in a deal worth SEK830 million.
Elder Pharmaceuticals Ltd. has put up for sale its Indian formulations business to reduce its debt. Rival Torrent Pharmaceuticals will acquire the asset for $324.1 billion through internal accruals and debt.
California-based Blackhawk Network Inc will be entering the prepaid market in Africa through a partnership with South Africa-based Opengate Technologies to distribute iTune Gift Cards to the country.
Moscow, Russia-based fund AddVenture has invested $2 million in online jewelry seller Nebo.ru and an undisclosed amount in food delivery startup Chefmarket.ru for their marketing and expansion projects.
