Exits
McDonald's explains why it pulled out of India joint venture
McDonald's representatives told the Company Law Board that the removal of its partner was due to actions violative of their joint venture agreement.
Barclays sells 94.6% of rights offering at GBP472 million
Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.
Finmeccanica approves sale of Ansaldo Energia stake to state lender - government official
An Italian government official said on Italian radio that Finmeccanica had agreed to exit from its controlling stake in Ansaldo Energia.
China Minmetals passes first-round bid to buy Glencore-Xstrata's Las Bambas mine
China Minmetals managing director Gu Liangmin said the company would be careful about their decision to buy the Las Bambas copper mine of Glencore-Xstrata.
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ZCCM Holdings said it would be offering stock for sale to existing stakeholders to help pay off debt and fund new investments.
Travellers International Hotel Group would be reducing the price of its IPO from PHP 23.38 per share to PHP 11.88.
The most anticipated public listing of Twitter Inc would be led by Goldman Sachs Group Inc, said a Bloomberg report.
American Pacific Corp had been considering to put itself on sale, according to three sources familiar with the matter.
According to sources, Giant Tiger Stores had been exploring the option to exit the company through a sale that could fetch USD800 million.
SAC Capital Advisors, led by billionaire Steve A. Cohen, had been in discussion with potential buyers to sell its reinsurance business, according to sources.
Potbelly gained USD105 million in its IPO, which would be used for dividend and debt payouts. Potbelly Corp, the company that sells made to order toasted sandwiches, had raised nearly USD105 million in its IPO in the United States.
Twitter disclosed its financial information to potential investors after filing its IPO documents, said a Reuters report.
Industry sources told Reuters that several private firms and companies like Bloomberg News would face heavy competition in acquiring financial news provider Mergermarket.
The Wall Street Journal cited a source who said the Robinsons Retail Group of the Philippines had started testing investor demand in the company's planned USD800 million initial public offering.