According to sources, Polaris Financial Technologies had opened talks with Tokyo-based NEC Corporation to sell its IT division.
Sectors
Sharp announces fundraising target of USD 1.68 billion
Sharp Corp announced that it would raise up to USD 1.68 billion through a public offer and third party placements.
Apple releases iOS 7 on Wednesday
According to a zdnet.com blog post, everyone won't be able to access iOS 7 right away after its release on Wednesday as servers could crash and the Internet might cease engine simultaneous searches from millions of Apple users.
Ferrexpo acquires stake in Brazilian miner
On Wednesday, Ferrexpo PLC announced it had purchased a 14.4% stake in Ferrous Resources valued at USD80 million.
Shareholders challenge Murdock's buyout of Dole
In a lawsuit filed in a Delaware court, shareholders claimed that Dole Foods Co Chief Executive David Murdock manipulated events in order to have his 2013 USD13.50 per share buyout approved by the company executive board.
Latest News
According to two business newspaper, the Belgian government had been considering to sell some of its 10.3% stake in BNP Paribas to reduce the country's debt.
Poplar Partners announced today that it had started its search for possible acquisitions in companies that have annual cash flows between USD1.5 and USD7 million.
Equity LifeStyle Properties Inc. announced its acquisition of Fiesta Key RV Resort valued USD24.6 million and was paid with available cash.
According to a source, Bank of America would appoint Alexandre Bettamio to its Latin America investment unit in Brazil.
I&B Ministry of India approved the proposed investment plan of Goldman Sachs Group to DEN Networks valued USD110 million.
Electronic Arts Inc. named Andre Wilson as new CEO after a six month search to fill the vacant position.
DE Mastre Blenders said it would appoint Pierre Laubies as the new CEO of the company once the acquisition deal with Joh A. Benckiser was completed.
On Monday night, Ecotality Inc. filed for bankruptcy protection in the US bankruptcy court in Phoenix and said it would auction its assets.
Last Tuesday, Jana Partners LLC disclosed its acquisition of 6.2% stake in Safeway Inc. through a regulatory filing.
