Industrials
Toll Brothers postpones boost on investment-grade rating, offers debt to buy Shapell
Toll Brothers Inc would be seeking to acquire the amount needed to finance its USD1.6 billion acquisition of Shapell Industries Inc and refinance its 4.95 notes due next year.
Mitel enters agreement to acquire Aastra for CAD392 million
Mitel Networks Corp's CAD392 million stock-and-cash acquisition of Aastra Technologies Ltd would create a major player in the communications technology and equipment market in Canada.
Hanjin Shipping chief steps down, takes responsibility for massive debt
Hanjin Shipping Co Chief Executive Officer Kim Young Min left the company as the South Korean shipper struggles financially due to its ballooning debt.
Wood Group agrees to acquire Elkhorn Holdings Inc
Wood Group said it would be buying Elkhorn Holdings Inc for an undisclosed amount. International energy services company Wood Group said it would be purchasing Wyoming-based Elkhorn Holdings Inc.