Government competition bureau approves sale of Astral to BCE. Approval has been issued by the Competition Bureau of Canada for the purchase of BCE Inc of Astral Media Inc.
Institutional investors
UPDATE: Fiat to Agree with VEBA Pricing
VEBA and Fiat most likely to break impasse to avoid lowered share value at IPO. In recent remarks, Fiat CEO Sergio Marchionne said that the Italian carmaker would most likely agree to the valuation of VEBA for its 41.
Lansdowne CEO to Retire in June
Lansdowne CEO Paul Ruddock to retire in June. One of the world's best known hedge fund managers, Lansdowne Partners has announced that its current CEO, Paul Ruddock will be retiring come June in order to focus on his charity work and arts interests.
Shareholder Demands Dell to Open Books
Southeastern Asset Management has formally filed notice for Dell to open its books for review. (Photo : Reuters) The image is Michael Dell making a presentation to shareholders.
Private Equity Firms Make 2nd Round Bids for Armacell Buyout
Charterhouse, HgCapital and Pamplona are the remaining companies battling to acquire German insulation company Armacell after Goldman Sachs Private Equity and Equiston withdrew from the auction.
Latest News
Facebook to answer lawsuit over IPO misinformation. Facebook, still reeling from the fiascos of its IPO, is now facing another shareholder lawsuit. The world's biggest social networking company's executives, namely founder and CEO Mark Zuckerberg, its board and other officers for the damage sustained.
New York-based Latin American Private Equity and Venture Capital Association disclosed that buyout and venture capital firms spent $7.9 billion on acquisition activities in Latin America last year as they benefited from fundraising to gain capital.
Trafigura has shown interest in purchasing zinc from global leading zinc provider Nyrstar Commodities trader Trafigura revealed it has interest in bidding to purchase zinc from world's leading producer Nyrstar that could worth about $700 million per year.
Corvex and Related lose court fight to restrain stock offer by Commonwealth REIT. Despite the objections by investors in CommonWealth REIT, the sale of thirty million shares valued at US$19 per share would proceed as planned.
News Ltd of News Corp sells of shares in Sky Network Ltd. As previously reported in Reuters, News Corp SA has completed the sale of its 44% share in New Zealand's Sky Network Ltd.
Gundlach now buying ten year Treasury Bills. One of the world's best fund managers, Jeffrey Gundlach took a 180 degree turn on government debt. He said he has purchased "more long-term Treasuries in the last month" compared to his purchases in the last four years.
News Corp sells off interest in Sky TV New Zealand. New Zealand's top television operator, Sky Network Television Ltd has confirmed that is near majority shareholder News Corp would be selling off its 44% stake in the company.
New Zealand's dominant television company Sky Network said that News Corp., its major shareholder, will be selling its 44% stake to institutional and retail investors.
MetroPCS faces pressure from P. Schoenfeld Asset Management, which owns about 2% of its shares, to update the merger documents with the Deustche Telekom AG's unit T-Mobile USA to reflect T-Mobile's earnings.
