Alibaba's much anticipated IPO is rumored to be led by Credit Suisse. According to anonymous sources familiar with the matter, the highly anticipated IPO of Alibaba Group of China would be led by Credit Suisse.
Sectors
GM Still Looks At Share Buyback while Expanding Maintenance Program
General Motors Co expands a maintenance program to boost revenue while still looking at share buyback and dividend.
Belgium Post Looks at US$3.9 Billion Market Debut
Belgium post service eyes at US$3.9 billion market debut as it seeks more investors for it to be able to cope with the increasing demand in parcel delivery.
WPP Partners With Twitter
A partnership between Twitter and the world's biggest ad agency, WPP PLC transpired to better focus towards advertising.
Royalty’s Bid Threatened by Rulings Prior Key Meeting
Royalty Pharma's bid was threatened to be dismissed after the takeover panel released rulings that the US based company could no longer revise the terms on its proposed deal.
Latest News
PepsiCo denies a published story from Calcalist, a financial newspaper of plans to acquire SodaStream International.
Volaris, the Mexican budget airlines, is planning to undertake an IPO worth US$100 million. The operator of Mexican budget airline Volaris, Volaris Aviation Holding Co.
Glencore Xstrata is banking on US LNG boom to allow market entry into the tight knot LNG trading market.
Qatari Diar acquires properties from the portfolio of Barwa Real Estate. Barwa Real Estate, the Qatari real estate developer, is undertaking plans to sell its assets estimated to be worth 26 billion riyals or US$7.
S-Pankki Oy acquires Tapiola Bank Oy, expanding its mortgage and insurance products for its customers.
Unilever would operate its food seasonings plant in Yangon, Myanmar by end of the month. The second largest consumer goods company in the world, Unilever, has said it has started to manufacture food seasoning in its plant in Myanmar.
According to its Chairman, Mukesh Ambani, Reliance Industries would expand its business operations in the next three years.
Royalty Pharma extends deadline for Elan to respond to its unsolicited offer. The private equity firm that invests in royalty streams from pharmaceuticals, Royalty Pharma, had extended the deadline for Elan Corp to respond to its US$6.
For its first European property purchase, KKR acquired 430,000 square feet of UK retail parks in Oxford, Glasgow and Sunderland.
