Belgian postal group BPost said on Tuesday that its private equity backers, which still owned a 19.7 percent stake in the group after it was floated in June, would sell their shares in an accelerated bookbuild.
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SAP Shares Soar to All-Time High in the Aftermath of AI Restructuring Results
SAP's shares soar high in the first quarter of 2024 after announcing the restructuring plans to adopt AI technology in its workforce.
Zheshang Bank Co. Postpones Gauging Demand for $1 Billion Hong Kong IPO
Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO.
HSBC and JPMorgan Well Ahead In ARAMCO IPO Race
State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.
DragonWave closes public offering with net proceeds of nearly CA$ 27 million
DragonWave Inc announced it was closing an underwritten public offering of units including full exercise of the over-allotment option. The net proceeds are estimated at CA$ 26.9 million. The company said it plans to use the net proceeds from the offering to strengthen its balance sheet, to fund working capital and for general corporate uses.
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The government of South Korea has increased the offering size for a part of its stake in Industrial Bank of Korea (IBK) to USD250 million. Its finance ministry will be selling 23.24 million shares instead of the initial 13.16 million shares.
France's PSA Peugeot Citroen is looking into various ways of expanding its partnership with Chinese state-run car manufacturer Dongfeng Motor Corporation.
French private equity firm PAI Partners confirmed on Thursday it has sold a 9 percent stake in IT services firm Atos for 545 million euros ($732 million).
Bank of America Merrill Lynch or BofAML has topped Citibank and Morgan Stanley in executing deals in India for the past 11 months, completing transactions worth USD 7.96 billion.
Airline firm Virgin Australia Holdings Ltd said it plans to raise USD350 million in capital to enhance its liquidity by offering new shares to its existing shareholders.
The chief executive officers of Men's Wearhouse and Jos A Bank had discussed encouraging points as to the further exploration of merger talks between the two clothing firms.
Biotechnology company Hologic Inc. announced a repurchase program for its common stocks worth USD250 million. Under said program, it will be allowed to buy back shares of its stocks in open markets and privately negotiated transactions.
Australian diversified company Abacus Property Group raised USD75 million in a share sale, the proceeds of which would be used to more properties in New South Wales, Queensland, and Victoria.
Emulex Corp announced that it would be holding a share buyback as activist shareholders called for reforms. Emulex Executive Chairman James McCluney will also step down from the company's board.
