KGHM, with a goal towards being the top copper producer, is ramping up its acquisitions every two or three years.
Investors
AXA SA Sells Off Policies from US Unit to Protective Life
In a deal worth US$1 billion, AXA SA would transfer assets from its US unit to Protective Life. A deal was recently announced where Protective Life Corp.
Slim Increases Shareholdings in America Movil
The world's richest man now holds 31.1% of America Movil shares. Carlos Slim, the world's richest man, has further increased his shareholdings in his phone company America Movil.
Crest Files Proxy Statement
Crest Financial files a proxy statement contesting the Sprint Nextel-Clearwire merger. The biggest minority shareholder in Clearwire Corp, Crest Financial Ltd, has filed a proxy statement with federal regulators.
Buyout Consortium Falls Short for Life Tech
Thermo Fisher's bid for Life Technologies remained the best offer compared to an effort of buyout firms to put together a bid proposal.
Latest News
First Manhattan Company, Vivus top shareholder, is calling out the risk management strategy as insufficient to ensure the drug Qsymia's success.
The Carlyle Group establishes its Indonesian office and taps a former UBS banker to head it. In a clear sign of expansionist motives, the Carlyle Group LP has launced an Indonesia office and has tapped a former banker of UBS to head the firm's operations in the country.
Pramerica rates and structure allows for newer and better collateralized loan obligations to be utilized in the market.
Australian surfwear firm Billabong announced that it has entered into a 10-day exclusive takeover talks with its former head Paul Naude and private equity firm Sycamore Partners.
The U.S. Securities and Exchange Commission has adopted new rules that require stock brokerages, mutual funds and investment advisers to establish programs to help detect identity theft.
The Canadian government has announced a government investment that allows Toronto-based startup ThoughtWire access to close to $2 million financing from southern Ontario angel investors to accelerate the development of its innovative software platform.
Carlyle Group purchases Central Plaza for US$267 million from Forterra Trust. Private equity giant the Carlyle Group has announced the acquisition of the Central Plaza for US$267 million.
Cortland Fund Services has been chosen to provide fund administration services to four new private equity real estate funds managed by real estate management firm BainbridgeZKS.
Options City receives financing from Edison Ventures. Edison Ventures announced its capital investment in OptionsCity Software, a provider of electronic trading platforms.
