The following bids, mergers, acquisitions and disposals were reported on Thursday including Sigma Alimentos, Fastjet, Rostelecom, DNB, Caixabank, Cyfrowy Polsat, America Movil, Alitalia, Telecom Italia.
Exits
Jefferson County plans USD 1.7 billion sale of sewer warrants
The state of Jefferson County, Alabama planned to sell sewer system securities worth USD 1.7 billion to pay off its debts to its creditors. Jefferson County is still under bankruptcy protection.
Kimberly-Clark plans to split from its healthcare business
According to its Chief Executive Officer and Chairman Thomas Falk, Kimberly-Clark decided to spin off its healthcare division as the division no longer fit in the strategic and growth priorities of the company.
French government divests Safran stake to boost national economy
The French government hoped to help fund new state investments and boost national economy by divesting 3.5% of its stake in jet engine maker Safran.
Sotheby's, BofA, J.C. Penney attract hedge fund buyers
Top U.S. hedge fund managers in the third quarter zoned in on the consumer sector, with investment plays ranging from Sotheby's, a high-end auction house that caters to millionaires, to J.C. Penney Co, the struggling department store chain.
Latest News
Virginia-based wealth management technology company Wealthcare Capital Management said today that it will be acquired by private equity investment firm NewSprings Holdings LLC. Financial terms, however, remain undisclosed.
African airline holding company Fastjet PLC said Lonrho Ltd, its largest shareholder, had put up for sale of its entire stake in the company. Lonrho would be raising GBP1.49 million from the exit.
Vale SA had sold the last of its 21.6% ownership in Norsk Hydro ASA following the sale of its non-core assets in order to focus on its more profitable business, which is in iron ore.
Yahoo's old domain names might fetch lower prices that current retail prices on the domain names market due to the sale of new domain names with non-traditional extensions (gTLDs) by Donuts and GoDaddy, said VentureBeat.
Airline firm Virgin Australia Holdings Ltd said it plans to raise USD350 million in capital to enhance its liquidity by offering new shares to its existing shareholders.
A media report about Riverbed Technology Inc exiting its business with the help of Goldman Sachs Group Inc had been shot down by two people who were familiar with the transaction.
US-based global private equity firm Advent International signed an agreement to purchase a USD1.1 billion minority stake in Ocensa, Colombia's biggest oil pipeline in terms of capacity.
Bedlam Asset Management, a London-based fund manager founded by former Credit Lyonnais Securities Asia managing director Jonathan Compton, would be closing shop after chief executive officer Ian McCallum quit without notice last October.
Although it has plans to spin off its power plants, Canadian Solar Inc otherwise had a best-performing third quarter after incurring losses successively in its last eight quarters.
