Qatari investors set to purchase Printemps in full. Official documents seen by Reuters indicate that a Qatari consortium is set to do a full purchase of the French retailer Printemps.
Institutional investors
Alupar to Offer IPO
Alupar would be raising nearly 1.16 billion reais for its IPO. Alupar Investimento SA is planning to raise 1. 16 billion reais or US$574 million in its initial public offering of shares of stock.
Dell Would Walk Away if other Deals Accepted
Dell would walk away if he is not retained as CEO. Michael Dell, in a statement, would only consider a buyout plan with Blackstone Group if the private equity guarantees that he remains as its CEO.
Blackberry Dismisses U.S. Shareholder Lawsuit
Blackberry received approval from U.S. District Judge Richard Sullivan for the dismissal of a shareholder lawsuit that was accusing it was seeking fraudulent obscurity of its falling market position.
Noted Names Make Bids for Three Fashion Lines
Names such as the Carlyle Group, KKR and the Moulin family are bidding for the controlling stake in Maje, Sancro and Claudi Pierlot.
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Reuters, using data from the Commodity Futures Trading Commision, showed funds holding positions for the long term on commodities.
A poll of Japan based managers indicated that allocations have increased in both shares and bonds but decreased in cash.
At the height of the Cyprus bailout drama, investors sought safety in bonds for the meantime. According to monthly poll conducted by Reuters of asset managers, global investors grew ever more cautious this month.
Through a proxy statement, Silver Lake and Michael Dell extolled the virtues of their bid as against the offers of Icahn and Blackstone.
Due to internal issues and weak market conditions, Toys R Us withdrew its IPO proposal. Toys R Us Inc formally withdrew its initial public offering proposal last Friday.
Glass Lewis, the second largest proxy firm in T-Mobile, has voiced its opposition to the standing merger with MetroPCS.
For failing to account for minority stockholder's interests, A1 is filing a suit against the Tele2 board for accepting a lower offer than what they tabled for the company.
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.
ISS has advised its shareholders to reject the proposed merger as it is biased against T-Mobile allowing more options for MetroPCS in the long run.
