Johnson Controls is looking to sell its automotive electric unit after competitors failed to gain buyout interest.
Industrials
Farallon Acquires Tinkler’s Whitehaven Stake, Buys More
Farallon Capital Management LLC acquired 9.91% stake from Nathan Tinkler making the fund the largest shareholder at Whitehaven Coal Ltd.
Lawmakers Urge Careful Review on American-US Airways Deal
Two US legislators urge the Obama administration to carefully review the American-US Airways Deal as flight prices might go up or customer service might deteriorate.
Vale SA preparing for new impositions
Vale SA is preparing for the imposition of new royalties charges for mining in Brazil. (Photo : Reuters)The image is the corporate logo of Vale SA of Brazil.
SolarWorld Opens for Qatar Investment
Solarworld set to receive Qatar investment amounting to Eur35 million to become a shareholder. SolarWorld, in an announcement, said that it is seeking the backing of a number of bondholders for assistance in a debt restructuring program to allow Qatar to become a new shareholder in the company.
Latest News
Johnson Controls Inc. is discussing with private equity firms about selling its automotive electronics arm priced at US$1 billion.
According to sources, Talisman is looking into selling its shale assets in Eagle Ford to raise US$2 billion.
Siemens to close Solel, its solar energy unit after failing to sell off the business. (Photo : Reuters)The image is the corporate logo of Siemens. Siemens, the German industrial conglomerate, has announced the shutdown the last unit of its solar energy business after it had failed to find a purchaser for the business.
Li Ka Shing's firms buys out European owner for Dutch waste management firm. Cheung Kong Holdings Ltd, owned by billionaire Li Ka Shing, and their partners have forged an agreement to purchase Afvalverwerking BV for Eur943.
Cinven will buy specialty chemicals firm CeramTec for EUR1.49 billion. Cinven nears another acquisition after Rockwood Holdings, an advanced materials and specialty chemicals company intends to sell CeramTec, its ceramics subsidiary.
Cinven sealed roughly Eur1 billion in financing coming from Deutsche Bank, RBC and UBS for the firm's acquisition of CeramTec
Cheung Kong Holdings Ltd will undergo joint venture to acquire RAV Water Treatment. (Photo : Reuters)The image shows a boy drinking treated water from a faucet.
After GenCorp Inc. acquired Pratt & Whitney Rocketdyne, Aerojet Rocketdyne was formed with a prediction of US$1.2 billion savings over the next decade.
Brookfield Asset Management will sell its Longview Timber Holdings and its paper packaging business in separate transactions for US$3.68 billion.
