Philippine-based budget carrier Cebu Pacific Air is planning to buy Southeast Asian Airlines-operated Tigerair Philippines as the airline eyes an expansion in its market share.
Investors
JPMorgan Chase & Co agrees on settlement to Pittsburgh bank lawsuit
JPMorgan Chase & Co settled a lawsuit brought against it by the Federal Home Loan Bank of Pittsburgh involving the losses it sustained from mortgage securities it bought from the bank, Bloomberg reported.
Canadian manufacturer Brampton Brick completes $40M financing
Ontario, Canada-based clay brick manufacturer Brampton Brick Ltd said it has closed the previously announced $40 million long-term loan for asset purchases and other general corporate purposes.
Global private equity fundraising reaches $431B in 2013
The private equity industry worldwide was able to reach $431 billion in fundraising last year, an increase of 13% from the funds raised in 2012, a Preqin study revealed.
US diagnostics firm Metabolon raises $15M in Series E financing
North Carolina, US-based diagnostic and research service provider Metabolon Inc announced that it has closed $15 million in Series E financing through preferred stock issuance.
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Canadian smartphone maker BlackBerry filed an infringement lawsuit against Typo Products, the startup co-founded by Ryan Seacrest, over its newly released smartphone keyboard that attaches to the iPhone5.
Carme Trust announced the completed sale of its 1.87 million shares in Canada-based lentil and pea splitting group Alliance Grain Traders Inc (AGT) in a deal valued at $28 million.
Finland-based food group HKScan has inked an agreement to divest its 49% stake in Switzerland-based meat company Nyhlens & Hugosons Chark for €2.2 million ($3 million) in cash.
The government of Hungary eyes the sale of its majority stake in savings bank Takarekbank, according to a government decree reported by Magyar Kozlony, the country's official gazette.
Retailer Jos. A. Bank Clothiers on Friday amended the ownership threshold of its poison pill to 10% from 20%. The amendment would enable Jos. A. Bank to issue a large number of shares to existing shareholders in case an unsolicited buyer acquires 10% of the company.
Activist investor Carl Icahn reportedly bought 30 to 40 million shares in car rental company Hertz Global Holdings Inc. Sources said that Icahn is the target of the poison pill adopted by Hertz on Monday.
The State Grid Corp of China officially completed the $7.5-billion purchase of interests in Australian power firms SP AusNet and Jemena from utilities group Singapore Power.
Philippine-based bank Rizal Commercial Banking Corp (RCBC) has completed the sale of its 65% stake in credit card issuer Bankard Inc to RYM Business Management Corp, according to a disclosure to the Philippine Stock Exchange.
The data released in a report by the European Central Bank on Friday saw the hesitation of financial institutions in extending credit to households and businesses despite the economic recovery of the Euro Zone.
