India-based Apollo Tyres Ltd shares were down by 18% after the announced US$2.4 million deal to acquire Cooper Tire & Rubber Co. due to worries of the company's debt.
Sectors
Rhoen Klinikum warns of future plans with Fresenius
Rhoen-Klinikum that discussiins with Fresenius SE is not precursor to takeover. Rhoen-Klinikum, a cooperation of hospitals and clinics based out of Bad Neustadt an der Saale in Germany, warned that the vote by its shareholders against the takeover of another German hospital operator is not a precursor for another for its previous bidder, Fresenius.
Cole Credit Property Trust Approves Merger with Spirit Realty
Cole Credit Property Trust II Inc. announced today approved merger with Spirit Realty Capital and will complete the deal by third quarter of this year.
US$2 Billion Risk for Elan If Royalty Pharma Walks Away
Elan is at risk of losing US$2 billion market value once Royalty Pharma walks away with its takeover deal.
US$1 Billion IPO Pricing Raised By Coty Shareholders
Fragrance maker Coty raises its initial public offering to US$1 billion on behalf of its shareholders making shares priced at midpoint of the proposed range.
Latest News
Vanguard Natural Resources announces its public offering of 2,200,000 shares at US$25 per share. Vanguard Natural Resources LLC has announced today the pricing of its public offering.
Lululemon Athletica Inc. Chairman, Dennis Wilson sold his stock for US$49.5 million days before the announced surprise departure of the company's CEO Christine Day.
Empire Co, Sobeys' operator, announced its planned acquisition for Safeway Canada for Can$5.8 billion that will close later this year after regulatory approvals.
According to sources, Numericable hired Rothschild to work on a Eur5 billion Paris Stock Market debut within the year.
Five hedge fund rivals top the list of possible investment alternative firms after an estimated US$3 billion to US$4 billion outside money leaves SAC Capital Advisors by year end.
Vodafone confirmed that the company is pursuing its informal offer to Kabel Deutschland which was priced EUR81 per share.
The board of Clearwire Corp. recommends the proposed bid from Dish over Sprint Nextel even before the hostile bid was raised.
Royal Bank of Canada announced looking for C$5 billion wealth acquisitions according to its CFO, Janice Fukakusa.
Clearwire Corp's board has urged its shareholders to accept the offer proposed by Dish priced at US$4.40 over the US$3.40 offer from Sprint.
