Severn Trend slipped after Borealis abolishes previous proposal. (Photo : Reuters)The image is the corporate logo of Severn Trent Services. Severn Trent Plc (SVT) suffered in London trading after being left behind in a previous agreement to pursue Borealis Infrastructure Management Inc.
Exits
Empire Co to Acquire Safeway Canada for Can$5.8 Billion
Empire Co, Sobeys' operator, announced its planned acquisition for Safeway Canada for Can$5.8 billion that will close later this year after regulatory approvals.
Numericable, French Cable Company, Plans IPO
According to sources, Numericable hired Rothschild to work on a Eur5 billion Paris Stock Market debut within the year.
SAC Hedge Fund Rivals Hope to Feast on Investor Redemptions
Five hedge fund rivals top the list of possible investment alternative firms after an estimated US$3 billion to US$4 billion outside money leaves SAC Capital Advisors by year end.
UPDATE: Vodafone Pursues Kabel in Quad-Play Push
Vodafone confirmed that the company is pursuing its informal offer to Kabel Deutschland which was priced EUR81 per share.
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Hewlett Packard's (HP) Indian unit faced a US$386 million order after the Indian customs department stated that the company has underpaid dues while importing spare parts and other products into India.
Within the past week, an informal takeover bid for Kabel Deutschland Holding AG was initiated by Vodafone.
Gemalto was chosen by SoftBank Mobile for the commercial launch of mobile NFC services in Japan. (Photo : Reuters)The image is the Softbank corporate logo on the frontage of its company headquarters.
Newcastle Investment Corp. announced today, a public offer of 30,000,000 shares of its common stock.
Actavis and Medicines360 announced partnership to be able to deliver affordable intrauterine device in the US market.
The Indian government is asking for an explanation about a premature statement issued by ONGC regarding its US$2.5 billion deal with Videocon.
Facebook CEO Mark Zuckerberg faces a lot of questions during first shareholder meeting regarding slumping stock prices after the company's IPO last May.
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported on Tuesday:- Google Inc bought Israeli mapping startup Waze on Tuesday for just over $1 billion, a source familiar with the matter said, acquiring an online real-time mapping service to safeguard its lead in one of the most crucial aspects of smartphone usage.
Ambow Education has been ordered liquidated by a Cayman Islands court. (Photo : Reuters)The image is the team logo of Avenue Capital Group. Ambow Education Holdings Ltd of China was ordered by a court to go into provisional liquidation.
