Lear Corp has avoided a proxy fight with major private equity investor firms through an agreement increasing the rate of its share buyback program.
Industrials
Blackstone to Gain Control of Multi Corp
Blackstone to pay off debts to recapitalize Multi Corp, the European real estate company. The real estate unit of Blackstone Group LP may wrest control of Multi Corp after its acquisitionof almost half of the corporate debt of the cash strapped shopping mall developer.
Major Chinese Companies Issue Debt Bonds in Yuan
Three major Chinese firms to issue yuan denominated debt instruments. Three major Chinese corporations are now in the process of selling bonds that are yuan denominated.
Tinkler Sells Horse Farm to Pay Debts
Patinack Farm, the renowned racehorse breeding farm owned by Nathan Tinkler, is now on the auction block to help pay off debts.
Dubai's Emirates, Australia's Qantas Make Alliance
Dubai's flagship carrier Emirates and Australia's Qantas Airways ltd.have announced their alliance which include an extension of their partnerships to include including ground services and catering
Latest News
Toronto-based Dominion Diamond Corp. said regulators have approved its plan to buy BHP Billiton's Ekati diamond operations in Northwest Territories, Canada.
The auto parts maker has dodged a proxy war with investors Oskie Capital Management LLC and Marcato Capital Management LLC by deciding to increase its share buyback program.
With the lack of interested buyers, the financial future of Pan Ocean and the STX Group is in jeopardy.
Turkish airline Pegasus Airlines will be launching an IPO of a third of its shares, with most of its stake to be allocated to foreign investors.
The shareholders of Cole Credit seeks injunction against planned merger. The shareholders of Cole Credit Property Trust III have filed a suit in a Maryland court to issue an injunction on the planned internal merger.
Transportation equipment firm Toyota Industries Corp. made completion of its tender offer for shares in Cascade Corp.
Possible strategic partners for Fisker, namely Dongfeng Motor Group and Zheijang Geely Holdings, have pulled out from discussions.
The merger to become the world's largest airline succeeded its first step after being approved by bankruptcy court.
With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.
