A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.
Exits
Coffee Bean plans exit strategy with IPO or sale
The Coffee Bean & Tea Leaf chief executive and president Mel Elias said his company would be planning an exit strategy in order to generate funds for its growth expansion in southern California and north Asia.
Eni to exit stake in German gas networks - report
German newspaper Stuttgarter Zeitung said on Wednesday that utility company EnBW would be buying Italian energy company Eni's stake in the German natural gas transmission networks they co-owned.
State-owned Alrosa prepares for share sale
Russian diamond company Alrosa announced on Wednesday that it has planned to sell 14% of its stake on the Moscow bourse.
QIWI to float more shares on Nasdaq
Russian payment transfer company QIWI announced floating an additional 8.2 million shares following 12.5 American depository shares it had floated earlier this year.
Latest News
Harbinger Group, Philip Falcone's investment firm, jumped in value as it sold off shares to a consortium headed by Leucadia National Corp.
Burlington Stores announced today the price of its initial public offering of 13,333,333 shares of common stock valued USD17 per share piece.
Empire State Realty Trust Inc. announced today pricing its initial public offering valued at USD13 per share piece.
LIC lowered exposure in food conglomerate Britannia Industries. The Indian state-owned Life Insurance Corporation had decreased its shareholdings in Britannia Industries, the consumers conglomerate, by 2.
Wolseley Private Equity sold all its shares in nexmedia to Forum Media Group. Australian-based Wolseley Private Equity said it had exited from nextmedia.
Campbell Soup Company announced that it had signed a definitive agreement with CVC Capital Partners for the sale of its European meals business.
Sources told Reuters that British retailer Poundland was considering going public next year. Sources told Reuters that Poundlad was mulling an initial public offering (IPO) in the first half of 2014.
Canadian wireless telecom company Mobilicity said on Monday that it had obtained approval of a CAD30 million or USD29.2 million debtor-in-possession financing in preparation of its buyout by an anonymous buyer.
Spanish property builder Sacyr announced the possible sale of its Vallehermoso unit. Spain-based builder Sacyr SA would be selling its property development unit in Vallehermoso.
