Nationwide Financial has announced that it is acquiring 17 equity and bond mutual funds with $3.6 billion in assets from Union Bank's HighMark Capital Management.
Sectors
Euro Telecom Venture Plans IPO of EE
France Telecom and Deutsche Telekom venture in the UK EE is planning strategic changes. EE, Britain's largest mobile operator, is now undertaking plans to prepare for its initial public offering.
Mitsui Purchases Heraeus
Mitsui Corp, one of the world's leading chemical makers purchases Heraeus Dental for Eur450 million.
Bertelsmann to Sell Part of its Stake in RTL Group
German media conglomerate Bertelsmann has said that it is making sale of a stake in RTL group. Germany's Bertelsmann has announced that it is planning to sell a stake in broadcasting company RTL Group worth as much as 1.
Randstad Acquires Some of USG People's Operations in Europe
Randstad and USG People reached a deal in which the former will buy some of the latter's European operations for 20 million euros.
Latest News
Michael Pausic, long time fixture at Maverick Capital would be establishing his own hedge fund. Michael Pausic of Maverick Capital manages media and telecommunications investments at the hedge fund.
The finalists for the bids for NFP are TPG and Madison Dearborn. The two final bidders for wealth management company National Financial Partners are private equity firms TPG Capital and Madison Dearborn Partners.
Absolute Software agrees to a deal in which its software for tracking stolen devices will be embedded by Samsung's Galaxy phones.
Allianze, through its CIO criticized the handling of block sales of firms resulting in retained shareholdings by the bank.
The government's promise to pay its outstanding bills was shelved after the caretaker government failed to sign into law the said measure.
Debt bonds with BBB Minus rating would be offered by BTG Pactual Group subsidiary BTG Investments. A subsidiary of BTG Pactual Group, BTG Investments is planning to sell off five year senior unsecured bonds by next week.
Clear Channel Outdoor shareholders agreed to a settlement for an improper loan causing significant loss to the parent company.
Ireland’s Takeover Panel is urging United State's Royalty Pharma to firm offer for Irish drugmaker Elan by May 10.
According to President and COO Gary Cohn, Brazil is the new frontier for growth for Goldman Sachs. In a bid to increase its base of corporate clients in Brazil and neighboring countries, Goldman Sachs President and COO Gary Cohn said that it would respond to increased demand for corporate loans, advisory services and structure financing in the country.
