CIBC is gearing to expand its private wealth management business in Central Canada and Atlantic provinces.
Investors
BEH of Bulgaria to Meet Potential Investors for Eur250M Bond
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.
Third Point's Proposal to be Reviewed by Sony Board
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
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 to be Sold Off by Owners
Volksbanken Leasing is to be sold off in compliance with European Commission provisions in its bailout agreement with RZB.
Latest News
Yahoo hedges on the audience base of Tumblr to push Yahoo out of the doldrums. Yahoo! Inc CEO Marissa Mayer is betting the future of the largest US web portal on the success of its acquisition of a six-year old start up firm with little revenue generation systems and a relaxed policy on content created by its users.
Softbank to issue second batch of bonds to fund Sprint bid. Softbank Corp, in its bid to takeover Sprint Nextel Corp, is now planning to sell off 400 billion yen or US$3.
Softbank is now undertaking a review of solar power plant projects on Hokkaido island. The Kyodo News agency reported that Softbank Corp is reviewing solar power projects that it is planning to build at the northernmost island of Japan.
Air Arabia finalizes a deal for loans from two GCC banks to help pay for the ordered A320 Airbus fleet.
Dar Al Arkan lowers yield of new sukuk bond issue to 6%. Dar Al Arkan, the Saudi Arabian real estate developer, after its previous announcements has now tightened the price range of its planned sukuk issue.
Grifols acquires exclusive licensing agreement as well as future shares in Aradigm. In an announcement, Grifols SA said that it was signing an exclusive licensing agreement for Aradigm's Pulmaquin and othe proprietary drug concoctions on inhaled ciprofloxacin.
BlackRock purchases real estate investment firm MGPA. In an announcement, BlackRock Inc said that it would be purchasing MGPA, the real estate investment firm in order to expand its real estate portfolio worldwide.
Cermaq fails to obtain the requisite number of shareholder votes to approve the takeover bid for Copeinca.
Softbank issues a waiver of some of the provisions of the merger agreement to allow Sprint to discuss and negotiate with Dish despite their standing agreement.
