TPG Capital to pay Bob Ingham Aus$ 1 billion for Ingham Enterprises. Bob Ingham announced Saturday that TPG Capital, a private equity firm, won the bidding for the acquisition of Ingham Enterprises, Australia's largest poultry firm.
Institutional investors
Repsol Denies Report on YPF Claim
Repsol denies Reuters report in explanation to Spanish stock market regulator. In an official statement, Repsol reiterated that there are no ongoing discussions with the government of Argentina as to the expropriation of the Spanish oil giant's share in Argentina's YPF company.
PICC to list in Shanghai Index
PICC lists in Shanghai index after HK index. According to People's Insurance Company of China Group's Chairman Wu Yan, it would be completing an A share listing by the third quarter of 2013.
Elan Starts Share Buyback
Elan proceeds with its US$1 billion buyback share program. Elan is expected to undertake the planned US$1 billion share buyback by next week. The Irish pharmaceutical firm's move may undermine the takeover offer by US fund firm Royalty Pharma.
Nielsen Holdings Selling Expositions Business
Nielsen Expositions is up for sale and may be worth US$1 billion. Nielsen Holdings NV, the television ratings firm is now in exploratory talks to sell its expositions business.
Latest News
Carfax will either be sold, put on IPO or be subject of acquisitions for its future. The owner of the used-car history provider Carfax, R. L. Polk and Co is exploring its financial options.
ENI denies rumors and reaffirms official stands through Chairman Giuseppe Rechhi. The Italian state oil company ENI has not table any plan to consider the spin-off of its services unit, Saipem.
Pantaloon has agreed to shed off its 22.5% in a life insurance venture it has with Italian Assicurazioni Generali.
Hon Hai Precision Industry Co. Ltd. said that it will not pursue its investment in Japan's Sharp Corp. by a deadline set on March 26 after both companies failed to revise an earlier agreement, the Asahi newspaper said.
Smithfields Food split recommended through letter by shareholder. One of the biggest shareholders in Smithfield Foods Inc has formally recommended to the board to split America's largest hog producer into three separate distinct units.
Ingham Chicken get bids from private equity firms. Final bids have been placed for Inghams Chicken, Australia's biggest poultry producer and two of the front runners are US private equity firms Blackstone Group LP and TPG Capital.
Sharp is lining up share sales and selling off assets to help pay off its bond issue due on September.
Facebook appoints Chancellor of UCSF Susan Desmond-Hellmann to its board. Facebook Inc has appointed an old hand to become part of its board of directors.
Appeals by hedge funds against Porsche actions withdrawn in the US but case continues in Germany. In a recent move, a consortium of hedge funds has dropped their appeal in US courts but continue their case in Germany.
