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.

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.

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.

The listing of Mando's Chinese unit would be done in the Hong Kong bourse. The largest unit of the Halla Group of South Korea is planning to undertake an initial public offering of its Chinese unit.

Atlantia and Gemina Boards discuss merger terms. The respective boards of Atlantia, the Italian motorway company and Gemina, the owner of ADR is expected to approve the terms of their proposed merger by Friday.

OneWest, the bank from bankrupt IndyMac, is now interested in growth plans either through IPO or through outright sale.

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Appeals by hedge funds against Porsche actions withdrawn in the US but case continues in Germany.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.

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.

NYSE Euronext sells stake in MCX Mumbai. NYSE Euronext has offered to sell 4. 8% of its shareholdings in India's biggest commodity bourse, Multi-Commodity Exchange of India.

LSE Group increases shares in LCH Clearnet. The London Stock Exchange Group has forwarded a revised offer amounting to Eur328 million cash to purchase the majority stake in LCH Clearnet.

Adidas removes for sale sign for hockey business and recommits to Reebok. Amidst lukewarm offers for its hockey business, Adidas AG has chosen to remove this subsidiary from the market.

Exxon taps Barclays to assist in auction of its stake in Castle Peak. In a bid to sell up to US$2 billion worth of stocks, Exxon Mobil Corp has opted to sell its interest at an auction for the Hong Kong power venture it had ended a year ago.

Rosneft to start with oil for loan deal with Glencore and Vitol. Russian crude oil conglomerate Rosneft has entered into separate long term crude supply contracts with Glencore International and Vitol for supplies amounting to 67.

Johnsons Controls Inc to sell of all electronics related units and divisions. Johnson Controls is looking into the possible sale of its automotive electronics unit.

Investor AB pays for 45 kronor per share of six million shares of Active Biotech. Active Biotech AB's share values rose to its highest levels after an 8% stake in the company was purchased by AB.