Clearwire's Class A shareholders to decide on the deal for Sprint. Clearwire Corp's share values hovered above the current bid price of US$2.
Sectors
Pactera Receives Bid from Blackstone Led Consortium
Pactera Technology received a letter of intent from Blackstone and Pactera management officers to bid for the firm.
Finnish Mobile DNA to be Auctioned Off
Banking circles are aswirl with talk of the auction sale for DNA mobile of Finland. A group of bankers are putting together a fund worth just under Eur1 billion or US$1.
Consilio of STG Names VP of Products and Director of Software
STG's Consilio appoints new VP of Products and Director of Software. Consilio, disclosed today the appointment of Pete Feinberg as the Vice President of Products and Mark Roesler as the Director of Software Development.
Alliance and Walgreens to Invest in AmerisouceBergen
Alliance Boots and Walgreens cleared to invest in AmerisourceBergen. In an announcement today by Alliance Boots GmbH and Walgreens Company, it disclosed that they have received the necessary regulatory clearances for their equity investment in AmerisourceBergen Corporation, one of the biggest pharmaceutical companies in North America.
Latest News
Dar Al Arkan prepares for benchmark sized sukuk issue. Dar Al Arkan Real Estate Development Company of Saudi Arabia is in the midst of preparations to sell a benchmark sized Islamic bond or sukuk.
Cohen receives subpoena to testify before grand jury. Steven A. Cohen, the embattled hedge fund manager, has received a subpoena requiring his testimony before a grand jury on the government's insider trading investigation into his private equity firm, SAC Capital Advisors.
Oakfiled Capital reaches record amount through capital investments. The private equity firm that focuses its investment in small and medium sized businesses in the United Kingdom, Oakfield Capital Partners, related the first close of the United Kingdom Special Situations Fund securing GBP6 million firm in commitments.
Elan purchases two new interests as well as plan for another buyback option to blunt the Royalty Pharma drug offer.
Chesapeake Energy Appoints New CEO In a stunning move, Chesapeake Energy Corp has hired Robert Douglas Lawler to become its new Chief Executive Officer.
GM is set to grow further as investor confidence increases. The optimism on General Motors is increasing by the day, as the Treasury Department is boosting investor confidence by preparing for the sale of its shareholdings in the Detroit automaker.
Yahoo has just announced the acquisition of Tumblr. The board of directors of Yahoo Inc has just recently approved a deal to purchase Tublr, the blogging and social networking site.
Quantitative easing fsils in terms of volatility of investments done by managers. Investors would be pushed to hold on to more cash rather than place them in risky investments, if one follows the precepts of quantitative easing.
Top European economic officials hope to fix process to avoid repetition of the chaos that occurred during the Cyprus bailout proceedings.
