The Commercial Bank of Dubai has chosen three banks to manage its bond issue estimated at US$500 million.
Sectors
Etihad Shares Routes with South African Airways
Etihad, in a move to expand presence in Africa, partners with South African Airways for route sharing and other benefits.
Virtus Prepares for IPO
Virtus expects a price per share between Aus$4.92 and Aus$5.68 and earnings of as much as Aus$449.4 million.
Alcobra Pharma to conduct IPO
Alcobra Pharma to conduct an IPO projecting to raise US$27.3 million. A pharmaceutical firm in Israel is in the process of developing oral medication that reduce the side effects of the treatment of attention deficit hyperactivity disorder.
Dimension Data To Acquire AccessKenya
Dimension Data, a unit of NTT, would be purchasing AccessKenya through its subsidiary, Internet Solutions.
Latest News
A small number of Verizon Communications shareholders are willing to pay up to 30% premium for Vodafone shares.
Buffett denies speculation that Suntech is in the list of acquisitions of MidAmerican Energy. The chairman of Berkshire Hathaway, Warren Buffett has indicated that he has no plans to purchase Suntech Power Holdings Co.
Intel's McAfee purchases firewall security software expert Stonesoft for Eur4.50 per share. The security software division of chipmaker giant Intel Corp, McAfee, announce plans to purchase network firewall software developer Stonesoft Oyj of Finland.
Linde's acquisition of Lincare provides boost in profit for the first quarter. Linde, the world's second largest industrial gas producer, reported a 12.
Sub Saharan Africa a hotbed for bond yields according to Goldman Sachs. Many Sub-Saharan countries, aside from South Africa, have sold nearly US$7 billion in debt for the year.
GM, in a letter obtained by the Wall Street Journal, said it would increase its capital funding in the US compared to China.
According to Alibaba CEO Jack Ma said that the IPO would be coming soon. The world's largest online retailer is trying to avoid experiencing the issues Facebook had faced with its initial public offer.
Facebook should just be pegged at US$25.00, according to Barron's. In a review by financial newspaper Barron's, it said that Facebook shares may be overvalued despite getting a boost from first quarter reports that met industry analysts' expectations.
The private equity owners of Neiman Marcus are either selling off the asset or would list an IPO to raise capital funds.
