Investors
Softbank Will Not Modify Offer for Sprint Nextel
Softbank will not modify the terms of its offer according to billionaire founder Masayoshi Son. In a statement, Softbank Corp said that its offer for 70% of Sprint Nextel Corp at US$20.
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.