Techno Group, a subsidiary of Gulf Capital, has acquired Dogu Tip. Gulf Capital, the private equity firm based out of Abu Dhabi announced last Wednesday that one of its portfolio companies has purchased a 75% stake in a diagnostic imaging services company.
Sectors
Shares of First Solar Jump to 45 Percent
First Solar's shares jumped 45 percent with its announcement that it will acquire a new solar technology and that revenue in the next three years will be above Wall Street estimates.
Foundation Capital Announces its Seventh Fund
Foundation Capital has raised US $282 million in its seventh round of capital fundraising. The venture capital firm, Foundation Capital, disclosed today its seventh fund amounting to $282 million in reserve money.
Jay-Z Sells Brooklyn Nets Interest
Jay-Z is divesting ownership with NBA team Brooklyn Nets to become a sports agent. Rap icon and producer Jay-Z has now offered his shareholdings in the National Basketball Association's Brooklyn Nets for sale in order to focus on the growth and development of his sports representation business.
SM Investments Corp Mulling Intra Corp Merger
SM Investments Corp would merge SM Prime Holdings, SM Development Corp, Highlands Prime Inc and Belle Corp.
Latest News
An activist shareholder has questioned Dell Inc.’s evaluation of a $24.4 billion leveraged buyout deal with buyout firm Silver Lake.
PhosAgro has offered a share offering to the public worth about US$500 million. PhosAgro, the largest fertilizer company of Russia had raised about US$500 million in a share offer made last Wednesday.
Two global insurers are in the running to purchase HSBC Plc's life insurance unit in India. Manulife Financial Corp of Canada and its Indian afflilate Standard Life Plc are among the bidders for the HSBC Plc's Indian life insurance unit.
After approval of the Colombian government, the plan of Telefonica SA is to offer its Colombian unit for public listing in an IPO.
The European Financial Stability Facility was met with strong Asian demand for five year securities at interest of 0.875%.
Canadian fertilizer company Agrium Inc defended the election of its entire slate of directors to the 12-man board as hedge fund Jana, Agrium’s biggest single shareholder, called for an investigation of the vote.
Ackman's handpicked executive has been replaced by the board of JC Penney. William Ackman has bet the ranch that he would be able to overhaul the financial condition of retail giant JC Penney.
Colonie Mall, the second largest mall in Albany NY was recently acquired by a consortium led by KKR.
Vueling, the Spanish budget airline is the subject of takeover discussions by IAG. Spanish budget airline Vueling's board recently recommended to its shareholders to accept an improved takeover bid from International Airline Group.
