Sinopec shares open on weak investor demand in the market. Sinopec Engineering, amidst all the hoopla, opened to a weak demand in its market debut Thurday.
Investors
Fidelity National and Thomas H. Lee Discussing Possible Acquisition of Lender Processing
Fidelity National and Thomas H. Lee discuss acquisition of Lender Processing for US$133 per share. According to a report from Reuters, a source knowledgeable of the matter related that Fidelity National Financial Inc and Thomas H.
GE Co. May Spin Off Financial Arm Through IPO
General Electric Co. is planning to spin off parts of GE Capital through an initial public offering as it pursues its aim to cut the size of the business, Jeffrey Immelt, company's chief executive, said.
Just Dial makes record IPO sale
Just Dial, a local search service provider, sells off US$170 million for 17.5 million shares. Just Dial, the Indian local search service firm had offered shares in the public bourse at a volume of US$170 million, The IPO was subscribed 11.
Bob Lutz and Wanxiang Tenders US$20M for Fisker Fielded
Consortium bids for Fisker at the fraction of the price. A group participated by Bob Lutz, a former Executive of General Motors Co together with the biggest parts maker in China is eyeing to acquire Fisker Automotive for US$20 million which is a percentage of the "green" car company's projected value in the last quarter of 2011, according to a report from Reuters.
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VL Automotive, a venture between Former General Motors Co. executive Bob Lutz, China's Wanxiang Group and industrialist Gilbert Villarreal, is bidding to acquire Fisker Automotive through a prepackaged bankruptcy deal.
FF&P returns funds and dividends to is investors, a rare occurrence in Russian corporate life. Garber Hannam & Partners together with Fleming Family & Partners disclosed the final distribution of dividends its the stockholders of FF&P Russia Real Estate Limited (RREL).
Wanderful Media receives new US$9 million capital infusion. In an announcement by Wanderful Media today, it disclosed that it was able to secure an additional US$9 million capital from its current investors.
Spain is planning to sell 15 year syndicated debt in light of the low yields of previous issues. Spain, in a bid to increase its liquidity, is planning to issue a 15 year bond sale through chosen banks this year.
According to a Reuters report, Alinta is drafting a plan for a US$1 billion debt issue for its TLB debt.
BEH sets meeting for possible investors for its Eur250 million bond issue. Reuters reported that the biggest energy holdings firm of Bulgaria, BEH, will be sitting down with possible investors in its EUR250 million or US$321.
As confirmed by Sony CEO Kazuo Hirai, the proposal put forth by Daniel Loeb of Third Point LLC would be reviewed on its merits.
Emirates NBD to do bond issue. Amidst healthy demand, the Emirates NBD had launched a bond issue worth US$1 billion to allow the Dubai lending institution a focused price guidance.
Volksbanken Leasing is to be sold off in compliance with European Commission provisions in its bailout agreement with RZB.
