CDW to offer IPO after its takeover by private equity firms. (Correction in first paragraph to US$750 million. ) In a complicated move, CDW, the technology products maker taken over by Madison Dearborn Partners LLC and Providence Equity LLC for the amount of US$7.
Investors
Blackstone and TPG Place Final Bids for Poultry Farms
Ingham Chicken get bids from private equity firms. Final bids have been placed for Inghams Chicken, Australia's biggest poultry producer and two of the front runners are US private equity firms Blackstone Group LP and TPG Capital.
Sharp to Seek Loans Post Samsung Deal
Sharp is lining up share sales and selling off assets to help pay off its bond issue due on September.
DP World Sells Assets for US$742 Million
DP World sells assets in Hong Kong to find other emerging markets. One of the largest ports operators in the world DP World Ltd is now in the process of selling its stakes in a logistics hub and two container terminals located in Hong Kong.
Facebook Hires Old Hand to Board
Facebook appoints Chancellor of UCSF Susan Desmond-Hellmann to its board. Facebook Inc has appointed an old hand to become part of its board of directors.
Latest News
Tiger Airways seeking partner for intra city flights and cargo operations in India. Tiger Airways, the low cost Singapore based air carrier is exploring possibilities to tie up with an India based airline to offer intra-city air travel in India.
Iger to continue as Disney's Chairman-CEO. In an unprecedented move, the investors of Walt Disney Co have rejected calls by proxy advisors to split the top jobs currently held by Chairman and CEP Robert Iger.
DLF to comply with SEBI requirements needs to sell new shares. In an effort to dilute the promoter's shares held by a holdings group, realty giant DLF announced today the issuance of new equity shares to comply with new SEBI norms of 25% minimum public shareholding.
Beijing Automotive to sell shares at IPO by end of the year. One of the makers of Daimler AG and Hyundai Motor Co vehicles in Asia is Beijing Automotive Group Co.
Damac Properties enters into a branding partnership with Paramount Hotel & Resorts. (Correction: Paramount Hotels & Resorts in the first paragraph) Damac Properties, the renowned Dubai property developer has entered into a partnership with Paramount Hotels & Resorts to develop and operate a US$1 billion or 3.
CNPC to purchase ENI's twenty percent share in Mozambique gas project. China's largest oil company, the China National Petroleum Corporation is deep in discussions with ENI SpA for the purchase of a stake in the Mozambique gas project.
Wynn Hotels retracts allegations and modifies complaint. According to former Wynn director Kazuo Okada, some of the allegations made by Wynn Resorts Ltd were retracted in the lawsuit filed by the hotel chain against him.
Zamil purchases remaining stake in Advantec to be full owner. Zamil Industrial Investment Company has recently announced that it has completed the purchase of Advantec Coils Private Ltd.
Royalty Pharma offers US$6.6 billion for Elan purchase. In a standoff, Royalty Pharma has reiterated its offer to purchase Elan, the Irish pharmaceutical firm on the same terms despite being previously rejected.
