Tesco Plc had filed for bankruptcy for its US stores last Monday and planned a sale of 167 stores to Yucaipa Cos led by billionaire Ron Burkle.
Firm Management
SAC Energy manager to retire after 12 years of service
SAC Energy portfolio manager Nick Tiller would retire from his post after 12 years of service, said a Bloomberg report.
Qunar to undertake IPO in the NYSE
Qunar, Baidu's online travel app, would be offering American Depositary Shares for its IPO in the New York Stock Exchange.
TCW acquires Craton Equity
On Monday, TCW acquired private equity company Craton Equity Partners, according to statement from TCW's alternative products division chief.
J&J receives private equity offers
Johnson & Johnson received numerous preliminary offers from hedge funds interested in acquiring its Ortho Clinical Diagnostics unit, said a Reuters report.
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Freddie Mac announced its new chief financial officer, James Mackey, a top executive in Ally Financial Inc. last Monday.
Blackstone Group LP had been in talks to sell its stake in a New Delhi based property valued USD40 million, said sources.
Ardian is the new entity formed when AXA Private Equity spun off from AXA Group. In an announcement, AXA Private Equity had said it completed its spin-off from the AXA Group.
Chinese shoemaker Daphne International's sales performance lead to a sluggish stock performance on the bourse.
GSK had agreed to put its thromobosis drugs on sale to Aspen Pharmacare with proceeds to be used for general corporate purposes.
Today, ACTIVE Network announced entering a definitive acquisition agreement with Vista Equity Partners in a deal priced USD1.05 billion.
The Blackstar Group said it would be fighting the court proceedings initiated by Shoprite Holdings to reverse its stock trades in Zambia.
According to news website Quartz, Twitter Inc. would make its IPO filing public this week and would probably start trading before the thanksgiving holiday on November 28.
Siemens planned to shed 15000 jobs over the next year as a part of its cost cutting program, said a spokesman last Sunday.
