Taylor Morrison is now undertaking plans to market its IPO. Renowned homebuilder in the U. S. and Canada, Taylor Morrison Home Corporation (TMHC) will proceed with its initial public offering next week according to sources.
Industrials
Agrium Gets More Backing for Proxy Fight
Agrium gets backing from two major stockholders against Jana Partners proposals. Agrium Inc, the Canadian agricultural company received additional support in its proxy fight with Jana Partners, the hedge fund firm.
Bahri to fund Vela purchase with sukuk bonds
Bahri's purchase of Aramco's Vela fleet now needs to be paid through sukuk bond issue. Saudi Arabia's National Shipping Co's acquisition of Saudi Aramco's marine subsidiary placed it in debt.
BYD Denies Share Sale
BYD, despite financial difficulties, denies share offer in the Hong Kong bourse. The Warren Buffett-Berkshire Hathaway backed Chinese automaker BYD Co Ltd denied a recent news report that the company is planning to sell new traded shares in Hong Kong's bourse.
NALCO sale nets US$116 million
Indian government NALCO share sale nets US$116 million. It was reported on Friday that the Indian government was able to raise $116million as proceeds of the sale of their shares with National Aluminium Co Ltd (NALCO).
Latest News
Viko contemplates sale and hires Credit Suisse for assistance. Viko, the family owned electric appliances manufacturer from Turkey, has hired Credit Suisse to sell the company for a price tag between US$500 million to US$1 billion.
Canada's largest pension fund eyes purchase of uranium enrichment firm. One of the world's biggest pension funds in the world, the Canada Pension Plan Investment Board, is interested in acquiring Urenco, the nuclear fuel production firm.
Impregilo's shares would not be delisted, according to Salini CEO. Salini, the famed builder of Italy, is not planning to delist Impregilo should their takeover plans of the company be a success.
Berger Paints purchases Sherwin-Williams India. The Indian unit of American paint firm Sherwin-Williams was recently acquired by Berger Paints India Ltd.
Qantas moves forward with Emirates. Qantas, the Australian airline has discontinued its partnership with its associate airlines even if the final approval for its new association with Dubai's Emirates is still awaiting confirmation.
Common share of stock sale by Silver Springs Network. Silver Spring Networks is offering common shares of stock totaling 3. 705 million shares with a total expected value of US$76 million.
Swedish companies for sale show market waking up after sluggish end to 2012. The first round of bidding for Hilding Anders of Sweden as well as SF cinema chain is to end this week.
Emirate to float sukuk bonds. Dubai's flagship carrier is eyeing to release a 10-year amortising Islamic bond this week following their early price discussion on the deal.
Wenzhou Railway Project garners great interest from investors. The railway infrastructure project located at Wenzhou, Zheijang province has attracted investors from all over the world.
