Coda Holdings sought bankruptcy protection in Wilmington, DE, with the Coda Electric Car manufacturing unit as among the assets to be sold off.
Exits
Colony American Homes to do IPO
Colony American Homes offers IPO to press on its acquisition scheme of single family rental homes.
Geodynamics Seeks New Partner
Geodynamics seeking new partner for its Innamicka project located in central Australia. Geodynamics is a firm whose business explores the underground as a means to harness the power generated from hot rocks.
Centaurus Capital Returns Investor Funds
Centaurus Capital goes private as it returns investor funds. Centaurus Capital, the hedge fund firm, is returning money to all its external investors after previous clashes on best revenue generating opportunities left them at odds.
APTT Seeks to Raise Funds
APTT seeking to raise funds to repurchase shares and pay off debts. Asian Pay Television Trust is planning to raise at least US$1. 1 billion in high yield securities to fund the purchase of the third largest cable television operator in Taiwan.
Latest News
Chris Hansen's bid to move the Kings to Seattle has been rejected by the NBA committee of owners.
Tim Hortons Inc is being forced by activist investors to undertake aggressive financial engineering despite healthy condition.
Z Energy Ltd open for IPO in New Zealand. Z Energy Ltd's owners, a gas station conglomerate that provides one third of all of New Zealand's fuel needs, has appointed a number of banking institutions for the possible sale of as much as 60% of the company on the public bourse.
Yahoo, because of objections from the French government, has withdrawn its bid to acquire DailyMotion.
Despite calls for his resignation, Vivendi Chairman Fortou remains steadfast in his plans for the company.
Heinz shareholders approve Berkshire Hathaway-3G Capital buyout bid. Heinz is nearing total privatization. In an announcement, Heinz shareholders approved the acquisition by Berkshire Hathaway and 3G Capital.
Unicredit seeks to buy back Eur4.24 billion to lessen debt in the next five years. Unicredit has purchased senior notes worth Eur4. 24 billion or US$5.
Generali reiterates sale of BSI and Generali USA to shore up capital reserves for Generali CEO Mario Greco.
Best Buy, in a cost cutting move, has dissolved the partnership with Carphone Warehouse Group. The GBP 500 million or the US$775 million sale is an indicator that Best Buy, the world's biggest consumer electronics chain would be scaling back its operations overseas to focus on US business.
