ECWA mergers to pay debt caused WNY water bills increase. Mergers with Erie County Water Authority (ECWA) were mostly done to pay off debt. These debts were mostly caused by the localities' mismanagement.
Investors
SMC raises US$400 miilion from IPO
San Miguel Corporation announced that they were able to raise US$400 million from the Meralco stake sale
RetailMeNot prices IPO at US$21 per share
RetailMeNot priced its IPO at US$21 per share. The largest digital coupon marketplace in the world, RetailMeNot, announced the price of its shares that were up for grabs in its initial public offering.
Prepa set to establish pricing for bond deal
Puerto Rico's PREPA announced that they are set to announce the pricing for their mid-August bond deal.
Manchester-based consortium buys Woodall Nicholson
Woodall Nicholson stated that a group of three investors have acquired the coach-building company. Woodall Nicholson Group has been acquired by a partnership of three Manchester-based investors.
Latest News
Charter Communications is set to work with Goldham Sachs Group for the Time Warner bid. Charter Communications Inc. announced that they will be working with Goldman Sachs Group Inc for the Time Warner Cable Inc bid.
Rural/Metro Corp. stated that it was in a position that made them miss a critical bond payment, hinting at the company's financial troubles.
Balaji Wafers confirmed that they were open to selling a majority stake in the company. India's Balaji Wafers revealed that the 37 year old wafer maker was approached by international and local companies for a stake in their business.
Petronas confirmed that they are in discussions with interested parties who could buy shares of Engen.
MedProperties Holdings and Equity Inc in a joint venture announced that they have acquired another health care real estate property in Cincinnati.
Ipreo revealed that it had purchased Discovery Data, expanding their services in the market data industry.
Pinstripe Inc. announced its merger with Ochre House. Pinstripe Inc. announced that it had now merged with Ochre House. Brookfield-based Pinstripe is a recruitment process outsourcing company while Ochre House is a London-based talent management and recruitment outsourcing company .
The Islamic holy month of Ramadan would unite 1.6 billion believers and would directly result to the recovery of markets particularly in the food sector.
Locke announced that, together with Patron Capital Partners, it had added 54 petrol sites to their gas station portfolio
