Exits
Blackstone seeks IPOs after hotel sales accelerate
Blackstone Group LP decided to sell its shares in hotel chains following the increased sales of hotel properties in the US this year.
Nvidia names new finance chief
Nvidia Corp.announced naming Colette Kress as its new chief financial officer after David White vacated the post last March 2011.
Harsco agrees to sell infra unit to Clayton, Dubilier & Rice for USD 300 million
Harsco announced an agreement to sell its infrastructure business to Clayton, Dubilier & Rice for USD 300 million.
Violin Memory projects USD180 million proceeds from its IPO
Violin Memory, through the backing of Toshiba, would be doing an IPO of 18 million shares with an expected value of USD180 million.
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NZ Prime Minister John Key, despite the write down of key assets, expects to reach the lower end of initial targets for revenues for share sales of government owned interests.
Chrysler CEO Sergio Marchionne told the Financial Times that Chrysler would be ready to file for an IPO this week.
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Westfield Group said it would sell its seven US shopping centers to Starwood Capital in a deal valued at USD1.6 billion.
Koor Industries had sold another 5.5 million shares in Credit Suisse. The sale was valued USD169 million said the Israeli holding company on Sunday.
James Leigh-Pemberton would take a new position as the new head of UK Financial Investments on Monday according to an internal memo released by Credit Suisse and was seen by Reuters.
In an interview, Donatella Versace confirmed the near finalization of a deal with a minority stakeholder.
Tom Bolland, current COO of Lehman is helping wind down the bank's business. Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.
After unwinding the most complex bankruptcy case in history, Lehman Bros would be paying out full value to its European creditors.
After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.