Rumors of bidding war for Invensys abound. Rumors of a possible bidding war for the acquisition of Invensys Operations Management abound. This followed the announcement of Schneider Electric of its bid of about US$5 billion for Invensys.
Sectors
GSK's 20% China growth sales in focus as police alleges bribes and sexual favors
GlaxoSmithKline Plc's 20% increase in sales was currently in focus due to Public Security Ministry's accusations on bribery and sexual favors.
Dexia and Intesa to receive US$47 million in Piedmont swaps lawsuit
Piedmont was asked to pay Dexia Crediop SpA and Intesa Sanpaolo SpA US$47 million due to interest-rate swap agreement.
Home Run Derby gold mine for small scale businesses
To small businesses, Major League baseball is the perfect opportunity to boost their businesses. Yeonis Cespedes' name became known to almost everyone with a television or internet access.
Prudential decides to sell unit in Japan to SBI worth US$85 Million
Prudential Plc agreed to sell its PCA Life Japan unit to SBI Holdings Inc. for US$85 million. UK's largest insurer by market value, Prudential Plc, decided to sell its life insurance firm in Japan.
Latest News
Source BioScience was reported to place an offer for Vindon. The board of Vindon has confirmed that talks with the board of Source BioScience are at an advanced stage.
Opus Bank gears up for the expansion of its Income Property Banking division with the creation of Commercial Real Estate Banking division.
AT&T's acquisition of Leap puts pressure on smaller rivals to make mergers and purchases of their own.
PacTrust Bancorp's merger is “unique to Southern California,” according to Robert Franko, PacTrust Bank President and CEO.
According to Experian, telecom M&A are doing well in the UK. According to Experian, there was an increase in mergers and acquisitions for the telecoms section in the United Kingdom.
The South African mobile operator gets more than US $570 million in equity and loans. South Africa's Cell C announced that it will be given a cash injection amounting to US $350 million from Oger Telecom, its major shareholder.
According to a report from Calcalist, Apple was in talks to purchase Israel's 3D vision chip developer, PrimseSense, for US$280 million.
According to a source, the sale of ThyssenKrupp's Brazilian steel mill was not imminent. The intended sale of the steel mill of ThyssenKrupp in Brazil was unlikely to transpire right away, a source familiar with the transaction said.
The China-based holdings company intends a Hong Kong IPO once the deal with the US pork producer is completed.
