OneWest, the bank from bankrupt IndyMac, is now interested in growth plans either through IPO or through outright sale.
Investors
Shareholder Recommends Smithfield Foods Split
Smithfields Food split recommended through letter by shareholder. One of the biggest shareholders in Smithfield Foods Inc has formally recommended to the board to split America's largest hog producer into three separate distinct units.
Matahari US$1Billion Sale Nets Varied Investors
The interest of CVC Capital Partners is being sold in the market drawing much interest. CVC Capital Partners, who is backed up by Och-Ziff Capital Management Group LLC and Schroders, the asset manager, has raised US$200 million in pledges.
Nexen to Add CNOOC Guarantee
CNOOC to guarantee Nexen bond issue. Nexen is seeking to amend its current terms of debt with holders of almost US$4 billion worth in bonds. The amendments seek to remove some of the conditionalities as well as add CNOOC as guarantor of the bond issue.
Kuehne: Hapag-Lloyd, Hamburg-Sued Equal During Merger
Klaus-Michael Kuehne,Hapag-Lloyd's co-owwner,told that the company and its merger partner Hamburg-Sued will be having equal rights for the combined company.
Latest News
Chrsyler asks for IPO or buyout options from banks. Chrysler has invited banks to offer pitches scheduled for next month for IPO scenarios and results according to four individuals familiar with the decision.
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 is lining up share sales and selling off assets to help pay off its bond issue due on September.
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 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.
Appeals by hedge funds against Porsche actions withdrawn in the US but case continues in Germany. In a recent move, a consortium of hedge funds has dropped their appeal in US courts but continue their case in Germany.
Icahn and Dell in opposing sides regarding the privatization of Dell Company. Carl Icahn has joined calls for Dell to pay a special dividend totaling $15.
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.
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.
