REIT purchases sprawling Ontario property for expansion. True North Apartment Real Estate Investment Trust has announced that it would acquire four properties in the Ontario area for a total purchase price of US$25.
Growth Equity
Datalink to Expand through Acquisitions
Datalink to expand through acquisitions. Datalink Corporation is now formulating plans to use acquisitions in order to double its sales revenue to a projected US$1 billion in the next three years.
Ferrovial Seeks More Acquisition as it Recovers From Debts
Ferrovial is now seeking for investment opportunities in key markets after it ceased from cutting debts.
Office Depot Takes Time Nominating Board
Office Depot reschedules nominations for new Board of Directors. In a statement, Office Depot Inc, after discussions with its largest investor Starboard Value LP, is extending its deadline in the nomination of candidates to fill the seats of its Board of Directors during its next annual meeting.
HP Recovers Value and Raise Price Forecasts
HP stock price rises in light of better returns. In a rally, HP share values increased by as much as eleven percent for the fourth quarter of 2012. This prompted at least eight brokerage houses to raise price forecasts over the stock but market analysts say that the worst is still to come for the company.
Latest News
The US auto manufacturer has implied that it is actually boosting South Korean presence by making $7.3 billion investment for global growth.
GM expands interests in South Korea. An additional US$7. 3 billion is being eyed by General Motors Co. to be invested into its South Korean subsidiary spread over five years.
Mentor Graphics Corp. has said it purchase assets at MontaVista LLC, marking its commitment to expand its automotive business unit.
WSP Holdings Limited enters into definitive agreement for going private transaction WSP Holdings Limited, a leading Chinese manufacturer of API and non-API seamless casing, tubing and drillpipes used in oil and natural gas exploration, drilling and extraction, and other pipes and connectors, today announced that it has entered into an Agreement and Plan of Merger with WSP OCTG GROUP Ltd.
Pinterest wins US$200,000 funding to increase value to US$2.5 billion. (A screen grab of the home page of Pinterest. com) Pinterest, the most popular online image pinboard recently won US$200 million worth of new funding for its operations.
Investors at Japan Tobacco has been selling their shares following the decision of Japan's government to sell its stake at the world's third-largest tobacco company.
AMR Corp creditors plan to meet on Monday and could vote on a potential merger agreement between the bankrupt parent of American Airlines, and US Airways Group
Xerium Technologies Announces Another Step In Its Restructuring Xerium Technologies, Inc. (NYSE: XRM), a leading global manufacturer of clothing and roll covers used primarily in the paper production process, is announcing today the closing of 2 more of its manufacturing plants, the further reduction of headcount in Europe and the movement of polyurethane roll casting equipment to China.
US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger
