In an effort to increase dividends, Suncor CEO undertook a share buy back program. The largest energy company by market value, Suncor Energy Inc announced that it would buy back nearly Can$2 billion or US$1.
Investors
Best Buy Dissolves JV with Carphone Warehouse Group
Best Buy, in a cost cutting move, has dissolved the partnership with Carphone Warehouse Group. The GBP 500 million or the US$775 million sale is an indicator that Best Buy, the world's biggest consumer electronics chain would be scaling back its operations overseas to focus on US business.
Telefonica Sells Off Assets to CMI
CMI pays US$500 million for assets in El Salvador, Guatamela, Nicaragua and Panama. Telefonica of Spain has entered into an agreement to sell off 40% of its assets in four different countries in Central America to Corporacion Multi Inversiones (CMI).
Unilever Offers Share Purchase in Hindustan Unilever
Unilever offers 600 rupees per share of Hindustan Unilever shares. Consumer goods conglomerate, Unilever Plc, has tendered an offer to pay as much as US$5.
Lloyds Bank Prepare for Government Share Sale
The British government's ownership sale over Lloyds Bank is now being awaited when shares hit 61 pence or more.
Latest News
Millenial Media's current fiscal situation may attract known technology companies such as Yahoo, Microsoft and Facebook.
Intel CEO sends letter to FCC Chairman throwing support to the Softbank bid. Paul Otellini, the CEO of Intel Corp has sent a letter to the Federal Communications Commission vouching for his support for SoftBank's bid for Sprint Nextel instead of the Dish Network's unsolicited bid.
KMG Chemicals has purchased OM subsidiaries located in the United States, United Kingdom, Singapore and France.
Highmark finalizes West Penn Allegheny Buy Out at US$0.875 to the dollar. Highmark Inc, one of America's largest health insurers, had announced the completion of a bondholder buyout in the amount of US$604.
Softbank, despite its standing merger agreement provisions, allows Sprint to conduct discussions with Dish.
Opsona Therapeutics raises US$44 million for OPN-305. Opsona Therapeutics has raised Eur33 million or US$43 million in Series C financing that was oversubscribed.
Peter Larsen joins as principal in Atlantic-Pacific Capital. The biggest independently-owned global placement agent and consultancy firm, Atlantic-Pacific Capital, disclosed today the addition of Peter Larsen as its Principal.
SMBC of Japan plans to acquire shares in BTPN. Sumitomo Mitsui Banking Corp of Japan is in further discussion for the acquisition of US$1. 3 billion worth of shares in the Indonesian lender supported by TPG Capital, BTPN, Reuters wrote Monday.
KKR,because of the dearth of bank loans in Spain, loans money to Uralita. The asset management division of Kohleberg Kravis Roberts & Co LP granted a Eur320 million or US$419 million to Spain's Uralita SA.
