Berkshire Hathaway sells off around 1.75 million Moody's shares. Berkshire Hathaway Inc announced that it had sold off 6. 1% of its stake in Moody's Corp.
Investors
Sinopec Kantons IPO Plan Submitted
Sinopec Kantons, a division of state owned Sinopec, is planning an IPO. The logistics and trading unit of Sinopec, Sinopec Kantons Holdings, is planning to raise US$353 million through a stock offer.
World's Top Money Manager to Hire more Lawyers
BlackRock, the top money manager of the world, to hire 300 lawyers to monitor financial regulation all over the world.
Centaurus Capital Returns Investor Funds
Centaurus Capital goes private as it returns investor funds. Centaurus Capital, the hedge fund firm, is returning money to all its external investors after previous clashes on best revenue generating opportunities left them at odds.
UBS Facing Calls for Structural Operations Split
UBS is facing calls from shareholders seeking to split the banking operations from wealth management operations.
Latest News
Cerberus Capital completes CIP V in the amount of US$2.61 billion. Cerberus Capital Management LP completed its fundraising activities for its latest private equity fund.
MNGV to build RM7 billion gas plant in Tanjung Langsat, Johor, Malaysia. Malaysian NGV Sdn Bhd will be building a RM7 billion or US$2. 30 billion regasification facility to be located in Johor, Malaysia.
Glass Lewis has advised Morgan Stanley shareholders that it should veto the executive pay plan proposed, as the compensation is not correlative to performance.
ING priced IPO below price range set but sold more shares at offer. The American subsidiary of Dutch Financial Services firm ING Group had priced its initial public offering at US$19.
Due to the lack of Egyptian regulatory approval, the EFG Hermes and QInvest deal was terminated. EFG Hermes is one of the largest investment financial institutions in the Gulf region.
In an all stock deal, Kinder Morgan Energy purchases Copano. The role shale oil production in the United States continues to drive the growth of the energy sector.
3D Systems acquires RPDG for an undisclosed sum. 3D Systems, in a bid to expand its capacity to manufacture parts on demand, has acquired Rapid Product Development Group.
Goldman Sachs acquires Ebix, the insurance software provider for US$20 per share. Ebix, the insurance software provider based out of Atlanta, GA has accepted to a US$20 per share buyout offer from Goldman Sachs.
Dreamworks purchases AwesomenessTV for at least US$150 million. In a move to secure an online platform for its family oriented movies, DreamWorks Animation SKG has entered into an agreement to purchase the YouTube network AwesomenessTV.
