Industrials
Vapores finalizes loan package to expand fleet
A USD347 million loan package was finalized by Chilean shipping form Compania Sud Americana Vapores to purchase new ships.
Sumitomo Corp to expand its distribution business with acquisition of Edgen
Japanese firm Sumitomo Corp would be buying Los Angeles-based steel products maker Edgen Group Inc in a USD520 million deal, according to Reuters.
Cooper Tire shareholders accepts Apollo Tyres merger
Cooper Tire & Rubber Co shareholders voted in favor of the proposed merger with Apollo Tyres Ltd yesterday, according to a Bloomberg report.
SNC appoints Morgan Stanley and RBC to help sell an equity stake in AltaLink
Morgan Stanley and the Royal Bank of Canada were appointed to help SNC-Lavalin Group Inc. sell an equity stake in AltaLink, according to a Bloomberg report.
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For an undisclosed amount, Verdesian Life Sciences acquires INTX Microbials. Paine & Partners LLC firm Verdesian Life Scicnes LLC announced the acquisition of INTX Microbials LLC.
The New Zealand government along with private lenders had agreed to aid stricken coal miner Solid Energy with a multi-million bailout fund.
Mick Davis and Trevor Reid, former executives of Xstrata form X2 Partners to establish X2 Resources with the Noble Group and TPG.
CNH Industrial started trading on the New York Stock Exchange on Monday at USD12.75 per share piece, said a Reuters report.
Last minute buyers paid premium for vintage Chevrolet cars at an auction in Nebraska. Last minute buyers, like Doug Koehler, bought vintage cars at an auction in Norfolk, Nebraska.
A Reuters report said that the USD2.5 billion takeover proposal of Cooper Tire and Rubber Co by Apollo Tyres Ltd would be awaiting shareholder approval.
Glencore Xstrata was unlikely to be considered a bidder for OZ Minerals, said a banker familiar with both companies.
Siemens planned to shed 15000 jobs over the next year as a part of its cost cutting program, said a spokesman last Sunday.
Al-Futtain formalizes its agreement with the Oman Tourism Development Company and the Omani National Investment Funds Company for the new mall in Muscat.
Nufarm is asking for openness from Aussie farmers as foreign investors would increase competition with the industry.