American Realty said it has decided to increase its bid offer for Cole Credit Property Trust III after the latter's rejection of the first offer.
Sectors
GEMS Education Preparing for IPO
GEMS Education to raise funds for expansion into Asia and Africa through IPO and other means. GEMS Education Ltd is projecting to raise between US$650 million and US$1 billion during its initial public offering.
ISS Backed Jana Partners Continue to Push for Change
Jana Partners is seeking to replace board members and undertake improvements in the Agrium board of directors.
Allianz SE Buys Out Largest Insurer in Turkey
Allianz SE has acquired the largest insurer in Turkey for US$879 million. Europe's largest insurer Allianz SE has acquired Yapi Kredi Sigorta AS for the amount of Eur684 million or US$879 million.
Credit Suisse Absorbs Morgan Stanley's Wealth Management Arm
Credit Suisse has purchased the wealth management arm of Morgan Stanley. Morgan Stanley's wealth management subsidiary is being bought out by Credit Suisse.
Latest News
Merlin Entertainments Group is aiming for IPO either in New York or London through share sale. Merlin Entertainments Group is in talks with potential investors for its plan to sell shares by going public in either London or New York, the company's chief executive Nick Varney disclosed to Reuters.
Tanghan Steel has signed a deal with Duferco International Trading Holding to buy 10% stake in the latter as China seeks more steel export.
Credit Suisse will be acquiring the wealth management of Morgan Stanley in Africa, Europe and the Middle East
The planned merger of UK's Pearson's Penguin and Germany's Bertelsmann's Random House unit is expected to receive approval from the European Union
UK's Financial Services Authority (FSA) has fined Prudential 30 million pounds for hiding its attempt to buy Asian rival AIA three years ago.
EADS plans to prevent the planned buyback that is hampering its future growth and capital spending. European aerospace group EADS has made a pledge that it will prevent a supposed share buyback hurting capital spending, dividends and future growth as its shareholders planned to make a vote on proposals to purchase again up to 15% of the company stock.
The China Banking Regulatory Commission issued guidelines on the proper handling of wealth management instruments.
Australian regulators have approved the Qantas-Emirates international flights scheme. Australian anti-trust regulators have cleared the tie up between Qantas Airways Ltd and Emirates on international flights.
Canadian Industry Minister calls out foreign capitalists to invest in the country's wireless industry.
