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.
Investors
Telecom Italia CEO May Get Nod for Hutchison Whampoa deal
CEO Franco Bernabe would most likely be given permission to conduct exploratory talks on a merger between Telecom Italia and Hutchison Whampoa.
DenizBank Acquires Citi's Turkish Consumer Business
Denizbank has entered into an agreement to acquire the Turkish consumer businesses of Citibank. Denizbank A. S. of Turkey was recently acquired by Sberbank, a state controlled bank of Russia late last year.
Rio Tinto's Turquoise Hill Selling off its Ivanhoe Shareholdings
In a bid to divest assets to raise funds, Rio Tinto's Turquoise Hill is selling off its Ivanhoe shareholdings.
UPDATE - Deutsche Telekom Cuts Debt Load
New terms have been added to sweeten the MetroPCS-T Mobile deal. In a bid to woo investors to vote for the merger, Deutsche Telekom had reduced the level of the merged company's debt for the proposed T-Mobile USA and MetroPCS merger.
Latest News
Thermo Fisher's bid for Life Technologies remained the best offer compared to an effort of buyout firms to put together a bid proposal.
Google Glass gets backing from venture capital firms. A number of venture capital firms have teamed up to provide funding for companies working on Google Glass.
Before the MetroPCS shareholder meeting, the shareholders that had filed suit are now wondering the next move the merging firms.
KGHM, with a goal towards being the top copper producer, is ramping up its acquisitions every two or three years.
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.
