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.
Institutional investors
Areva Sells Canberra to Equity Led Consortium
Astorg Partners leads the consortium that will purchase Canberra from Areva. Areva. the top nuclear reactor builder of France announced that it would be selling its nuclear radiation measurement subsidiary to a private equity group.
BP Selling off US Wind Farm Operations
British Petroleum, in the wake of the 2010 oil spill liabilities, is selling off its wind farm operations in the US reportedly at US$1.5 billion.
The Monterey in Manhattan Sold for US$250 million
Cammeby's International Group would be purchasing the Monterey for the sum of US$250 million. One of the largest apartment towers in Manhattan would be purchased by Rubin Schron, Related Cos is selling one of its assets to the part owner of the Woolworth Building.
Yankee Stadium Parking Operator in Hot Water
The Bronx Parking Development Corp skipped payment of interest to its bondholders and is now contemplating bankruptcy protection.
Latest News
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.
Carl Icahn, a man known for change in acquired companies, has taken a back seat in his latest shareholdings purchase, Nuance Communications.
Fidelity Contrafund is slowly selling off its Apple shareholdings due to price decline. Fidelity Contrafund, the US$92 billion fund built by portfolio manager Will Danoff, has undertaken a process of cutting the fund's shareholdings in Apple.
Deliv, after a successful financing round, would provide same day services for consumers and retailers in major cities in the US.
MetroPCS is urging its shareholders to approve its merger with Deutsche Telekom AG's unit T-Mobile USA Inc. amid criticisms.
Taylor Morrison to offer 23.8 million shares in its IPO and is expecting a return of nearly US$524 million.
Lear Corp has avoided a proxy fight with major private equity investor firms through an agreement increasing the rate of its share buyback program.
VeriFone's current conditions makes it ripe for takeover by private equity firm according to analysts.
In a letter, MetroPCS urged shareholders to approve the merger with T-Mobile USA. MetroPCS Communications Inc is calling all its shareholders to vote for the approval of its proposed merger with T-Mobile USA Inc.
