U.S. regulatory anti-money laundering concerns may cause delay in the proposed purchase of Hudson City Bancorp Inc by M&T Bank Corp.
Investors
PWC to pay Lehman Brothers European creditors
Lehman bankruptcy administrators PWC announced payment of dividends to European creditors. US investment bank Lehman Brother's investors in its European unit would be repaid in full according to the firm's administrators.
RCS MedigGroup offers recovery plan
The Italian publisher RCS MediaGroup has agreed to a recovery plan. The RCS MediaGroup Board of Directors have approved the terms of a capitalization round and a debt refinancing plan required for its rehabilitation.
US$75 per share bid for Life Technologies now under negotiations
Thermo Fisher's bid of US$75 per share for Life Technologies is under negotiations for finalization over the weekend.
Deals of The Day — Mergers and Acquisitions
The following bids, mergers, acquisitions and disposals were reported by Sunday The following bids, mergers, acquisitions and disposals were reported by Sunday: - German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.
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Aiming to build a coffee conglomerate, Joh A. Benckiser, the investment arm of billionaire Reiman family, is set to acquire D.E. Master Blenders 1753 NV for about 7.5 billion euros ($9.8 billion).
Seibu Holdings is opposing attempts by Cerberus to gain more seats in the board of directors. Seibu Holdings, the railway and real estate conglomerate of Japan has rejected the attempt of Cerberus Capital Management LP to increase its shareholdings in the company.
Carlyle-backed HD Supply Holdings Inc. has filed for a $1 billion U.S. initial public offering. Carlyle-backed HD Supply Holdings Inc. has filed for a $1 billion U.
Italian mobile phone operator Wind is set to step up its technology with a $1.3 billion investment on building a fourth generation (4G) mobile broadband network.
Greek Prime Minister categorically says that the recapitalization has protected the Greek banks from a Cyprus like crash.
According to NVCA data, the first quarter of 2013 was the worst since the third quarter of 2003. Without a doubt, the venture capital industry has experienced the worst quarter it has had in a decade.
AirAsia JV programs now underway. On Saturday, AirAsia Bhd announced that prior to its launching of the joint venture, they have started hiring India-based captains, first officers and pilots for the Indian budget carrier.
ASE breaks ground for building construction of new facilities for semiconductor packaging and testing.
Hinduja aims to form partnerships with UAE's sovereign wealth funds for projects in both India and the UAE.
