Billabong International would be selling its West 49 stores to YM Inc for CAD 9 million to CAD 11 million.
Deals
Merlin set to close London share sale early
Merlin Entertainments was set to close its London float order books early because of the strong demand, according to a source.
Shunfeng shares rise after winning bid for Suntech’s main unit
The shares of solar-cell maker Shunfeng Photovoltaic International Ltd rose after it agreed to buy Suntech Power for $492 million.
Nine Network to do IPO at the ASEX
The Australian Securities Exchange would be the venue for the IPO of Nine Network. The firm that owns Nine Network would start trading on the Australian Securities Exchange by December 6.
American Airlines, US Airways Group need to divest to get merger approval- source
US antitrust regulators would like American Airlines and the US Airways Group to agree to concessions before giving their stamp of approval for the merger.
Latest News
Westpac CEO Gail Kelly reports a good 2013 and expects a better year for 2014. Westpac is set to increase its focus on growth for 2014, as it looks forward to another record making profit season.
Centrica decided to scrap plans for £2 billion wind farm unless the government subsidies to be given will be significantly increased.
A consortium led by Chinalco was shortlisted to bid for Glencore Xstrata's copper mine in Peru, a Chinalco executive said.
KT Corp said the mobile operator's CEO Lee Suk Chae offered to resign from his post after a raid was conducted on the firm's headquarters and his home.
With two mainland China IPOs oversubscribed, consumer confidence indicates greater trust in new IPO shares.
Shares of Chinese technology companies remained high despite fraud allegations of NQ Mobile. A Bloomberg report said that fraud allegations hurled against NQ Mobile did not affect other Chinese companies.
Tri Pointe Homes Inc. approached the final stage of closing a $2.7 billion deal to buy Weyerhaeuser Co's homebuilding unit.
The IPO prospectus released by Nine Entertainment Co showed that the Sydney-based firm was looking to raise AUD 697.3 million for its share sale.
Blackstone Group would be buying a 40% stake in Chinese shopping mall operator SCP Co. Private equity company Blackstone Group said it would be purchasing a 40% stake in SCP Co, a China-based shopping mall owner.
