Chrysler Group LLC appointed Barclays Plc, Goldman Sachs Group, Morgan Stanley and UBS AG to help underwrite its proposed initial public offering slated in December. Chrysler filed for an IPO in September.
Deals
Cloud storage firm Box seeks USD100 million in new funding
Cloud storage provider Box, a rival of Dropbox, is raising USD100 million in new funding through a share sale that would value the company at around USD2 billion.
Wilbur Ross-backed Navigator Holdings raises USD228 million in IPO
Liquified petroleum gas transporter and distributor Navigator Holdings Ltd. raised USD228 million in its public float. Owner of the world's largest gas fleet, Navigator sold a total of 12 million shares priced at USD19 apiece.
Thailand to launch 2 trln infrastructure project in 2014
Thailand is ready to launch a BHT2 trillion infrastructure investment project in 2014, which could potentially boost the country's economy after a slowdown this year.
Detroit pays USD23 million to consultants, awaits decision on bankruptcy eligibility
The city of Detroit has paid around USD23 million in fees to lawyers, consultants and financial advisers as it awaits a court decision determining its eligibility for bankruptcy protection from creditors.
Latest News
The following bids, mergers, acquisitions and disposals were reported on Wednesday including Telefonica Deutschland, Devon Energy, Metro AG, Devon Energy Corp and others
Legal-focused startup Shake received USD 3 million in its Series A funding round led by SoftBank Capital. Shake is an iOS app that allows users to make and sign effective legal agreements on the go.
Private equity firm Bain Capital LLC has ended advanced talks with auto parts supplier TI Automotive Ltd over a possible buyout after failing to meet TI's price expectations of close to $2 billion, according to people familiar with the matter.
YuanShengTai Dairy Farm, China's fourth biggest raw milk producer, has priced its Hong Kong initial public offering (IPO) at HK$2.70 per share, below the mid-point of expectations, IFR reported.
Private equity firm Silver Lake has hired JPMorgan Chase & Co, Barclays Plc and Morgan Stanley to lead a potential initial public offering of Mercury Payment Systems LLC, according to people familiar with the matter.
Sirius Financial Services, Inc. acquired a new subsidiary, Farmica Africa, a producer of Lemon grass based products including tea, soap, an energy drink, insect repellant and essential oil.
Colombia's second-largest bank, Banco de Bogota, will issue up to 1.3 billion pesos ($677 million) in stock on Wednesday to raise cash to pay for BBVA Panama, which it announced it was buying in July, it said on Wednesday.
Telecom Italia expects to conclude the sale and lease back of its mobile towers in Italy and Brazil next year, its chief executive said on Wednesday, along with a separate sale of some digital broadcasting assets.
The consolidation of US Bancorp Fund Services and Quintillion Limited would allow the former to expand its operations in Europe via its new strategic headquarters in Dublin.
