A judge of the New York State Supreme Court is set to decide on whether the buyout provision for opposing investors is legal in the Empire State REIT case.
Investors
Norway's Sovereign Wealth Fund To Become More Active
With interests in Volvo and other corporations, the sovereign wealth fund of Norway seeks to be more active in its deals and management.
Investor Group Acquires Bennett Tool and Die Co.
Private investors acquire Bennett Tool and Die Co. A conglomerate of private equity funds acquired Bennett Tool and Die Co. , Inc. The conglomerate was comprised of private investors like InvestAsia, Jefferson Capital Partners, Capital for Business and Kansas Venture Capital.
Deadline for EDAC Offer Extended
Greenbriar Equity provides deadlines for shares of stock purchase bids. Greenbriar Equity Group disclosed through an announcement released today that the subsidiary corporation of GB Aero Engine LLC and a partner of Briar, GB Aero Engine Merger will give interested acquirers of EDAC Technology's outstanding shares of common stock until 5:00pm EDT of May 6, 2013 to finalize their offers.
Horizon Tech Finance Grants US$2M Loan to New Haven Pharma
Horizon Tech provides New Haven Pharma a US$2 million loan. It was announced today that New Haven Pharma was able to secure a US$2 million venture loan from Horizon Technology Finance.
Latest News
Klovern AB issues new bonds pegged at three months STIBOR plus 4% due on 2017 with a volume of SEK 500 million.
Orkla Brands SA has purchased 90.11% shareholdings in Riber and Son ASA and is required to purchase all other outstanding shares.
Escrow.com and Artprice jointly develop processing of transactions for global online escrows in purchases using the system.
Major equity firms such as Carlyle, Pantheon and Victoria are setting up shop in Peru and Colombia. Three major private equity firms are opening up offices in the emerging markets of Peru and Colombia to ride the crest of deals that rate higher than the economic growth of Brazil.
Petromoc is mulling on IPO options as to venue and value. The Mozambique state owned distributor of petroleum products, Petroleos de Mocambique SA, is in the process of reviewing the possibility of an initial public offer of its shares either in South Africa or Europe.
BBVA's AT1 bond issue is expected to be the first of many of its kind under the new Capital Requirements Regulation in Europe.
PT Mitra Pinasthika Mustika, which is owned by Saratoga Investama Sedaya holds IPOs for its firms. Automotive distribution conglomerate PT Mitra Pinasthika Mustika of Indonesia is planning to raise about 2 trillion rupiah or US$206 million through an initial public offering in May.
AgBank of China to issue 90 billion yuan worth of bonds. The Agricultural Bank of China Ltd will be issuing 90 billion yuan or US$14. 59 billion worth of bonds that are eligible for regulatory capital treatment.
H&M is set to open new stores to address market demand in growing markets. Hennes & Mauritz is planning to spend about Eur100 million to establish around 50 stores in India.
