Great Britain's search and rescue helicopter services will be sold to United States-based Bristow Group for 1.6 billion pounds.
Industrials
ISS Backed Jana Partners Continue to Push for Change
Jana Partners is seeking to replace board members and undertake improvements in the Agrium board of directors.
China's Tanghan Steel Acquires 10% Stake in Switzerland's Duferco International Trading Holding
Tanghan Steel has signed a deal with Duferco International Trading Holding to buy 10% stake in the latter as China seeks more steel export.
EADS Pledges Planned BuyBack Won't Hurt Future Growth
EADS plans to prevent the planned buyback that is hampering its future growth and capital spending. European aerospace group EADS has made a pledge that it will prevent a supposed share buyback hurting capital spending, dividends and future growth as its shareholders planned to make a vote on proposals to purchase again up to 15% of the company stock.
EADS approves buyback plan
EADS is now instituting changes such as a share buyback program and changes in its board. Investors of the European Aeronautic, Defense and Space Co or EADS gave their approval for the purchase of fifteen percent shareholdings at the price of Eur50.
Latest News
KKR has agreed to sell to Temp Holdings its interest over Intelligence Holdings. KKR & Co has entered into an agreement to sell Intelligence Holdings for 68 billion yen or US$721 million.
Armada Hoffler Properties Inc. is planning to raise $201.3 million from IPO as it hopes to become an REIT.
Armada Hoffler Properties has filed documentation to lead the way to an IPO. Armada Hoffler Properties Inc, the US real estate company, has filed with regulators to raise nearly US$201.
Cerberus has grandiose plans for Seibu, such as relisting after three years and expanding its shareholdings in the company.
The sanitary wares giant recently sold its glassware subsidiary for an undisclosed amount. HSIL Ltd recently sold off its entire shareholdings over AGI Glasspack Ltd.
Construction firm Arabtec has hired Shohidul Ahad-Choudhury, former executive of Deutsche Bank as the new mergers and acquisitions head.
The planned merger of Hapag-Lloyd and Hamburg-Sued has been cancelled when the two container shipping companies disagree on some terms.
As merger talks stall, Hapag-Lloyd announces termination of merger plans with its rival Hamburg-Sued.
With nearly 70% of EBX shareholdings with its founder, Eike Bautista, there is a need to diversify in order to retain competitiveness.
