A Wall Street Journal report said General Electric Co will divest its US-based consumer lending business of GE Capital to focus on its core industrial operations.
Exits
Fidelity & Guaranty Life seeks USD1 billion in IPO
Fidelity & Guaranty Life had sought to raise USD1 billion through an initial public offering said people involved in the planning process.
AMC Entertainment seeks USD400M in new IPO
AMC Entertainment announced a new initial public offering as it sought to raise USD400 million. AMC Entertainment Holdings Inc. is the biggest movie theater operator owned by the richest man in China, Wang Jianlin.
Vodafone to exit Verizon, seen as AT&T prey
Vodafone Group had announced selling its 45% stake in Verizon Communications that would end a 14-year old venture.
Sale of healthcare unit boosts Sime Darby profits
Malaysian palm oil producer Sime Darby said the sale of its healthcare unit boosted fourth quarter profits.
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AIG has sought to divest its ownership of ILFC through a sale or if there is none agreed on, through an IPO.
Potbelly Corp. announced its initial public offering as it intends to raise USD75 million to pay a previously declared cash dividend.
Blackberry, the leading mobile device in India, had announced selling its global operations unit but would remain business as usual to ease fears of Indian users.
Vodafone Group planned a stake sell from its holdings in Verizon Wireless valued more than USD100 billion.
Wesfarmers Ltd was able to gather AUD 304 million through a lease securitization deal with a special purpose entity.
Vivendi CFO said the company still plans to complete the sale of its Moroccan unit this year. French multinational mass media and telecommunications company Vivendi said that it is still aiming for the sale of Maroc Telecom by the end of 2012.
Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.
China Grand Auto is planning for a USD500 million IPO offering in Hong Kong. TPG backed China Grand Automotive Services Co had plans to list at least USD500 million of its shares in the Hong Kong bourse.
Florian Rentsch, Hesse economy minister, is the first politician to confirm that the sale of Commerzbank is an option considered by the German government.
