Charter Communications had offered bonds to pay for buyback and redemption activities of the firm. In an announcement last Friday, Charter Communications Inc had priced its shares for a planned initial public offering of notes that fall due on 2024.
Exits
Elan Rejects Royalty Pharma Takeover Bid
Elan rejects takeover bid of Royalty Pharma, saying it grossly undervalued the firm. The board of directors of Elan, the Irish pharmaceutical company has unanimously rejected the formal bid from Royalty Pharma.
TPG Capital to Sell off Unitrust
TPG Capital is undertaking the sale of UniTrust Finance and Leasing Corp. TPG Capital, the US private equity firm is selling off UniTrust Finance and Leasing Corp of China for US$800 million.
China Galaxy Securities Gauges IPO Demand
China Galaxy Securities is gauging IPO demand for Hong Kong listing. A brokerage firm controlled by China's sovereign wealth fund, China Galaxy Securities Inc, has started to determine the demand for an initial share sale amounting to US$1.
JP Morgan Chase Advises Cut Backs in Russian Investments
JP Morgan advises investment cutbacks in light of Gazprom dividend and other factors. JP Morgan Chase & Co has advised its clients to reduce its shareholdings in Russian stocks as OAO Gazprom has proposed a dividend cut.
Latest News
SeaWorld CEO hints at overseas expansion in light of successful IPO. From the humble beginnings of being a parking attendant at Busch Gardens, James D.
Lloyds Bank has engaged the services of Deutsche Bank to provide services for the possible sale of Scottish Widows.
The first IPO for a Shariah banking institution would be held by the second quarter of 2013. PT Bank Muamalat Indonesia Syariah, the Indonesian Shariah lending institution, is aiming to raise nearly US$300 million through an initial public offer.
Blackhawk, Safeway's company, priced its IPO above initial pricing. The gift card provider, Blackhawk Network Holdings Inc, is owned by Safeway Inc recently announced it has raised US$230 million in its inital public offering.
ING sells shares in KB Life to JV partner. ING Groep NV, the Dutch bank and insurance group announced that it had agreed to sell its 49% shareholdings in KB Life, the Korean insurance company.
Blackstone is in the process of selling Barker Block in Los Angeles. Blackstone Group LP is in the process of selling off its London West Hollywood hotel property to maximize the benefits provided by the surging Los Angeles lodging market.
Polyus Raises nearly US$750 million through a bond issue. Polyus Gold, the biggest gold miner in Russia, has raised nearly US$750 million through a seven year Eurobond issue.
The PCL Infrastructure Fund IPO increased by 17.6% from its unveiling price. The PCL Infrastructure Fund of BTS Group Holdings increased by 17. 6% during its trading debut last Friday.
IBM has agreed to sell its x86 server business to Lenovo. The IBM Corp is discussing to sell off its x86 server hardware business to Lenovo Group, the Chinese computer manufacturer.
