Tanjung's CT Corp is offering to purchase all of Visi Media Asia from the Bakrie family. One of Indonesia's rising conglomerates CT Corp has offered an all-cash deal for the controlling stake in PT Visi Media Asia.
Sectors
ISS Opposes T-Mobile MetroPCS Merger
ISS has advised its shareholders to reject the proposed merger as it is biased against T-Mobile allowing more options for MetroPCS in the long run.
NEC Corp To Sell Mobile Phone Business To Lenovo
NEC is in discussion with Lenovo and other buyers as to the possibility of divesting its mobile phone business.
Wind Energy Project bought by First Nations
The Aamjiwnaang and Bkejwanong First Nations buy a fifty percent stake in Grand Bend Wind Farm. A fifty percent stake in a wind energy project in Ontario was sold to Native Indian groups.
Pfizer to Face Class Action Suit
Pfizer acts on Celebrex and Bextra subject to shareholder class action suit. The world's biggest pharmaceutical firm now needs to face investor allegations that executives misled them about the athritis drugs Celebrex and Bextra.
Latest News
French oil giant Total will be selling off to Suncor its shareholdings in the Voyageur Upgrader joint venture project.
The IPO market is growing again in North America and Europe. Globally, initial public offerings raised US$20 billion in the first quarter of 2013. The growth of this financial area was buoyed by rallies in different stock markets to sell businesses.
Japan, with its ever increasing demand for LNG, plans to create an LNG Futures listing with the Tokyo Commodities Exchange.
The judge over the settlement agreement between SAC Capital and US SEC is having second thoughts with a few provisions.
With financial packages for as low as US$10 million, Cerberus is offering assistance to firms seeking to purchase low cost foreclosed homes.
Fisker Automotive has hired the law firm Kirkland and Ellis to review its bankruptcy options. The green car manufacturer that has undergone financial losses with losses at the NY/NJ Port area as well as funding issues Fisker Automotive is now mulling seeking bankruptcy protection.
Joh A Benkinser has offered to purchase DE Masters Blenders for Eur6.4 billion. A Eur6. 4 billion buyout bid was made by Joh A Benkiser, a German investor for D.
Keith Meister's Corvex Capital and Related Cos has withdrawn their original US$27.00 per share offer and lowered it to US$24.50 per share offer.
MTS and Vimpelcom joins the A1 versus VTB bidding war for Tele2 Russia. After the bid made by billionaire Mikhail Fridman's A1 Investment Group, new bidders have made offers to join Tele2 AB's Russian subsidiary.
