LVMH Moet Hennessy Louis Vuitton SA bought 80% of Loro Piana SpA making the brothers who led the company billionaires.
Investors
Gold Mining USA Inc announces ownership of Preacher mineral leases
Gold Mining USA Inc announced that they were able to secure the 100% of the Preacher Mineral Leases in Nevada.
JPMorgan starts to buy South Korean Equities
JPMorgan have started buying South Korean Equities due to their current valuations. JPMorgan Asset Management and Charlemagne Capital Ltd. have started to buy South Korean equities after they are said to be at their lowest valuations since 2009.
Rexford Industrial Realty Announces Public Offering of Common Stock
Rexford Industrial Realty Inc announced today its public offering of common stock listed on the New York Stock Exchange.
Kroger Agrees to Buy Harris Teeter for 2.5 Billion
Kroger Co. agreed to purchase Teeter Supermarkets Inc. for around US$2.5 billion. The largest US grocery chain, Kroger Co. , agreed to buy Harris Teeter Supermarkets Inc.
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Vivus Inc signed an impotence drug deal with Italy's Menarini Group for Eur95 million. Vivus Inc announced that it signed a contract with Italy's Menarini Group worth Eur95 million or US$121.
Yacktman Asset Management expressed its support for Carl Icahn's buyout offer for Dell. Yacktman Asset Management, Dell Inc's stockholder gave its support for Carl Icahn and Southeastern Asset Management's buyout offer for the PC manufacturer.
LBO France sought to sell Groupe Poult by sending marketing materials to potential buyers and waiting for bids until the end of the month.
US government's Fannie Mae considered selling about US$1 billion of home-loan bonds. The mortgage financier regulated by the US government, Fannie Mae, planned to sell around US$1 billion of home-loan bonds.
The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.
The Florida based firm executes a Letter of Intent to relay its aim of purchasing the North Carolina based company.
Telecommunications company Tech Valley obtains new debt facility from GE Capital along with Webster Bank.
Enstar Group pays US $692 million in order to control the reins Torus Insurance Holdings Ltd. Enstar Group, a management and consultancy firm specializing in insurance, announced the completion of the agreement that allows it to control management of Torus Insurance Holdings Ltd.
European governments agreed to release aid for Greece worth Eur3 billion as they continued to seek for enough financial calm.
