China Cinda Asset Management would be listing its shares in Hong Kong with a projected share volume sale of USD2 billion.
Investors
Rizzo Environmental Services acquires Royal Oak Recycling
Royal Oak Recycling is the business name of V&M Corporation and the firm was recently acquired by Rizzo Environmental Services Inc.
Media General gets approval from shareholders to consolidate with New Young Broadcasting
Media General Inc and New Young Broadcasting Holding Co would be waiting for regulatory approvals in order to complete the merger after obtaining positive shareholder vote from the Richmond-based broadcasting company.
Essilor International acquires sunglass maker Costa
Essilor International paid USD21.50 per share for Costa purchase. Essilor International would be purchasing sunglass maker Costa at the approximated price of USS270 million.
Siemens chief feels pressure to spin off healthcare unit - report
Investment banks reportedly been courting Siemens AG to spin off its healthcare business. According to a Bloomberg report, Siemens AG Joe Kaeser may be able to obtain USD7 billion in value should he break off the company's healthcare business.
Latest News
Progress Energy Canada, the Canadian unit of Malaysia's state owned oil firm Petronas, purchases stake in Montney field.
Building Robotics, an Oakland, Ca.-based company, creates intelligent software systems for offices. Intelligent software systems maker Building Robotics recently acquired USD1.
An announcement made last Thursday of a realignment in priority drug research projects prompted Citi analyst to advise shareholders of a possible interest divestment in diabetes drug joint venture between Bristol-Myers Squibb and AstraZeneca.
Southwest Airlines and JetBlue Airways articulated its interest in acquiring AMR-US Airway flight slots in Washington.
E-commerce company Groupon announced its third quarter revenue results and plans on acquiring Korea's Ticket Monster.
The credit card business unit of Dubai Group was acquired by First Gulf Bank. CORRECTION: Corrections made on acquisition parties. First Gulf Bank, which is based in Abu Dhabi, announced the finalization of its acquisition of Dubai First.
Merlin Entertainments's successful initial public offering had put the company's valuation at GBP3.5 billion or USD5.6 billion.
Numericable experienced a significant and record increase in share prices on its first day on the stock exchange.
Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
