Five telecom firms bid for Saudi Arabian mobile virtual network operator licenses. Applications for virtual telecommunications licenses in Saudi Arabia have been submitted by five companies, amongst them Virgin Mobile Middle East & Africa.
Sectors
Actavis Rejects Mylan Bid
The latest Actavis bid for Mylan has been rejected. In its latest move, Actavis had rejected the takover bid from Mylan last week. The bid was priced at US$15 billion, according to Reuters quoting an anonymous source familiar with the decision.
Central Pattana Pcl Undertakes Share Sale
Central Pattana together with two of its shareholders undertakes share sale. Top Thailand department store operator Central Pattana Pcl together with two of its shareholders had raised a total of US$367 million in a share offer.
ICTSI Announces Secondary Stock Offer
ICTSI announces secondary stock offer to Philippine market. International Container Terminal Services Inc, a port operator based in the Philippines, announced that it was seeking to raise US$200 million through a secondary stock offering.
Brazil's MEI SA to Do Share Buyback
Brazil's MEI SA will undertake share buyback a month after it floated shares on the market. Multiplan Empreendimentos Imobilarios SA, the renowned Brazilian mall operator, has announced that it would be repurchasing about 3.
Latest News
China Galaxy Securities per share price range for its IPO narrowed down. China Galaxy Securities Co Ltd has announced the indicative price range for its US$1.
Commerzbank is selling off its property loans unit to Lone Star and Wells Fargo Bank. Commerzbank is in deep discussion to negotiation the divestment of the bulk of its Eur5.
Third Point's Daniel S. Loeb is seeking the break up of Sony into separate parts for more focused business and profit.
Dish Network announced the completion of all the clarificatory questions posed on its US$25.5 billion unsolicited bid for Sprint Nextel.
Navis invests in TES Envirocorp. Southeast Asian private equity firm, Navis Capital Partners, has concluded its investment into TES-Enivirocorp, an electronic waste or e-waste division leader based in Singapore but known globally.
Lanx Inc Concludes Series C funding by raising US$15 million. The privately held world renowned spine company, Lanx, Inc. disclosed today the conclusion of its Series C equity financing round by raising US$15 million.
CVC and Betfair conclude discussions after second offer is rejected by Betfair board. According Reuters, CVC Capital Partners and Betfair have concluded their discussion regarding a takeover after the private equity firm advised Betfair that it would no longer make a third revision on their offer for the gambling company.
Polaris Private Equity acquires HTC Sweden for an undisclosed price. The leading Danish/Swedish investor in middle market private equity deals, Polaris Private Equity has acquired the world creator and maker of systems for professional floor grinding and floor solutions, HTC Sweden AB.
NewWave Communications purchased by Rural Broadband and GTCR. In an announcement today by GTCR, it disclosed its acquisition of NewWave Communications from Pamlico Capital.
