The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
Investors
Container Store Group to do IPO
Container Store Group Inc had planned to raise USD225 million during its IPO. Storage and organization products retailer Container Store Group Inc had laid out plans to sell USD225 million worth of shares in its US IPO.
China Construction Bank Corp purchases majority shareholdings in Banco Industrial & Comercial SA
BicBanco's 72% would be acquired by China Construction Bank Corp for BRL1.62 billion. China's second largest financial institution in terms of assets, China Construction Bank Corp, had entered into an agreement to pay BRL1.
Barrick Gold halts project, offers shares to raise funds
The halt of its Pascua-Lama project as well as gold price decline had forced Barrick Gold to sell of shares to raise much needed funds.
Wells Fargo settles mortgage bonds issues with FHFA
For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes In an agreement to settle claims with the Federal Housing Finance Agency, Wells Fargo agreed to pay less than USD1 billion to resolve the issue on the bank's alleged knowledge of the faulty nature of mortgage bonds sold to Fannie Mae and Freddie Mac.
Latest News
To gain foothold for mobile broadband adoption in Europe, AT&T is seeking to acquire major telecoms firms such as Vodafone in the near future.
Denmark's Waoo!, Sweden's Com Hem and the UK's Virgin Media are the latest additions to the Netflix galaxy of streaming partners.
Novaquest Capital Management lands USD459 million for its Fund III. NovaQuest Capital Management had announced the closure of NovaQuest Pharma Opportunities Fund III LP.
Alexander Mann Solutions was purchased for GBP260 million by private equity firm New Mountain Capital.
The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
Art aficionados would have a chance to acquire a piece of SAC Capital Advisors owner and billionaire Steven Cohen to be sold next week at auction houses Sotheby's and Christie's.
A new financial advisory services firm in London had been formed by three former bankers who had successful careers in mergers and acquisitions.
Academic textbook rental company Chegg recently priced its shares for its upcoming IPO. On Thursday, textbook rental and academic services startup Chegg said intended to raise up to USD172.
