The US Securities and Exchange Commission approved the takeover by IntercontinentalExchange of NYSE Euronext.
Finance/Venture
Bank of America keeps name dissolves Merrill Lynch unit
Bank of America will dissolve Merrill Lynch & Co. but will continue to keep name. Four years after it was acquired by Bank of America Corp. , Merrill Lynch & Co.
Bank of America reports USD1.5 billion funds added to purchase leveraged loans
Bank of America Corp reported about USD1.5 billion were added by investors into funds that purchase leveraged loans in the U.S.
Goldman takes the lead in Huarong Stake talks
Goldman is reportedly leading in the race with Morgan Stanley to acquire largest share of Huarong's stock sale.
ParknShop receives bids from Woolworth, KKR
ParknShop, the biggest supermarket chain in China received bids from companies such as Woolworths, KKR and other investors.
Latest News
Sources told Reuters BaFin gave investors interested in buying BHF-Bank until the end of August to give the information it needs to approve the sale or not.
Deutsche Bank AG increases structured notes deals bound to Agricole Credit according to a report by Bloomberg.
Markel Ventures Inc bought Eagle Construction for an undisclosed amount. Virginia-based Markel Ventures bought Eagle Construction, a home builder also based in Virginia.
UBS can now exercise option to repurchase assets from the Swiss National Bank after paying off its bail out loan.
Aurora Capital Group agreed to acquire National Technical Systems for a premium USD 23 per share. Los Angeles-based private investment company Aurora Capital Group agreed to acquire National Technical Systems (NTS) for USD 23 per share.
Land auction for the economic zone in Shenzhen failed to draw property developers from Hong Kong. Despite the hype that accompanied the economic zone development in Shenzhen, Hong Kong property tycoons were not lured to bid in the recently-completed land auction.
Russian media that reported Rostelecom would be offering a 30% buyback of its shares worth USD 909 million from its minority stakeholders.
Leonard Green is exploring sale of Brickman, which is valued at about USD1.5 billion. Los Angeles private equity company, Leonard Green & Partners LP had asked Barclays and Morgan Stanley to handle an auction for Brickman Group Holdings Inc.
Kelso in advance talks to sell Custom Building Products in what could be a multi-million dollar buyout.
