UMW Holdings to sell off 39% of its oil and gas subsidiary through an IPO. The Malaysian industrial to automotive conglomerate, UMW Holdings Bhd, is preparing plans to sell of 39% of its oil and gas production unit through an initial public offer.
Sectors
Altron offers buyout of Altech shareholders
Altron offers to purchase all the shares it does not already own in Allied Technologies. Allied Electronics, a major player in the South African consumerelectronics market, has formally offered to purchase all the share capital in Allied Technologies Limited that it does not already have in its portfolio.
Polar System Launched by Summit Investments
Summit Midsteam announced the operation of the Polar System at the North Dakota project. Summit Midstream Partners, LLC announced today that the operations of the Polar Crude Oil and Water Gathering System ("Polar System") in the Bakken Shale Play in Williams County, North Dakota have commenced near full capacity.
Tesla Gets Aggressive in Debt and Equity Offer
Tesla increases offers for debt and equity sales after strong investor interest seen. In a cavalier move reminiscent of the personality of its chairman Elon Musk, Tesla Motors has increased its debt and equity offers to capitalize on the increasing appetite of investors for high yield investments.
Syniverse and Mach merger to be approved by EU regulators
Syniverse and Mach agrees to conditions set by EU regulators. Syniverse Technologies, the US telecoms services firm, is preparing for the receipt of the European Union antitrust regulatory approval for the Eur550 million or US$710.
Latest News
Skymall merges with Xhibit Corp to form a world class platform of services and relationship. The Phoeniz. AZ based specialty retailer and partner for the loyalty marketplace, Skymall has entered into a merger agreement with a subsidiary of Xhibit Corp, the leading provider for digital marketing and advertising solutions.
Morrisons, the UK supermarket retailer signs 25 year deal with online grocer Ocado. British retail chain Morrison has invested more than GBP200 million for a twenty five year agreement with online grocer Ocado.
ECB cuts interest rates to nearly zero to help bank liquidity amidst the current Eurozone recession.
Shareholders vote for acceptance of TPG offer. In an announcement today by Assisted Living Concepts, Inc. , it was disclosed that its stockholders have voted to accept the earlier disclosed merger agreement with associates of TPG.
Skyword secures new US$6.7 million of capital funding. Skyword announced today that it was able to secure US$6. 7 million at the recently concluded growth capital round headed by Cox Media Group.
Budco announces the acquisition of South Shore Venture Enterprises. In an announcement by the leading company on marketing solutions, Budco, it disclosed today of the purchase of South Shore Venture Enterprise LLC.
Gildemeister has clarified the regulatory website information published as to the plans of Mori Seiki.
Snoro Lizingas UAB purchased from bankrupt Bankas Snoras by LHV Pank AS and RAZfin of Lithuania. Estonian banking group, LHV Pank AS together with RAZFin of Lithuania have agreed to purchase Snoro Lizingas UAB from bankrupt Lithuanian bank Bankas Snoras AB.
SEC Commissioner Gallagher says one cannot outsource their fiduciary duties. According to a high ranking US securities regulator, lawmakers should review the role that advisory firms play during corporate regulations and determine if regulatory measures are necessary to allow them greater roles during the process.
