McDonald's representatives told the Company Law Board that the removal of its partner was due to actions violative of their joint venture agreement.
Investors
Ellison gives up USD575 million payout to settle suit over Pillar buyout
Oracle Corp founder Larry Ellison agreed to give up 95% of his USD575 million payout from terms of a buyout agreement with Pillar Data Systems Inc in order to appease the software company's investors.
TNK-BP minority bloc buyout gets endorsement from Rosneft board member
Rosneft deputy chairman Andrey Kostin said that even if the buyout of the minority share of TNK-BP Holding garnered criticism, the deal had followed good governance and legal practices.
TPG to invest in Manappuram Finance
US buyout firm TPG had opened discussions with Manappuram Finance for a possible minority shareholdings.
Confie Seguros acquires James S. Sullivan Agency, Advanced Auto Insurance and Family Insurance
Confie Seguros bought three insurance brokerages located in New York and Texas for an undisclosed amount.
Latest News
Vivendi Chairman Jean-Rene Fourtou told Le Monde, a newspaper, that he would be retiring after the company had split into two separate units.
Barclays Plc (BARC) said in a statement that it had managed to sell around GBP472 million or USD761 million worth of rights issue stock.
An Italian government official said on Italian radio that Finmeccanica had agreed to exit from its controlling stake in Ansaldo Energia.
A 47 year-old reclusive financier and private equity firm founder Suhail Rizvi would stand to gain from Twitter Inc's upcoming initial public offering.
China Minmetals managing director Gu Liangmin said the company would be careful about their decision to buy the Las Bambas copper mine of Glencore-Xstrata.
Severstal North America chief executive Saikat Dey told reporters in a conference call that the US arm of Russia's second largest steel producer would be focusing on getting the best returns for the company.
Owners of drug firm Ikaria had started working with banks on the possibility of selling the company.
Tarkett filed an IPO to be listed on the NYSE Euronext Exchange. Paris-based floor maker Tarkett filed for an initial public offering yesterday to sell shares on the NYSE Euronext Exchange.
ZCCM Holdings said it would be offering stock for sale to existing stakeholders to help pay off debt and fund new investments.
