Rosetta purchases oil shale acreage from Comstock. Rosetta Resources Inc, the oil and natural gas producer, would be investing in Comstock Resources Inc's acreage located in West Texas Permian Basin.
Sectors
Suntech Received Default Notice on Unpaid Bonds
Suntech would be the first Chinese company to default on unpaid bonds. Suntech Power Holding Co. Ltd. received a notice of default yesterday from its trustee handling their $541 million in bonds outstanding.
Carlyle Group Founders Earn $57.6M Each in 2012
Carlyle Group founders announce earnings for 2012. Each founder of Carlyle Group LP received $57. 6 million each in earnings from their shares in the private equity firm and executive salaries in 2012.
Warburg Pincus Increases Stake in Capital Finance
Warburg Pincus converts compulsorily convertible preference shares to increase stake in Capital Finance.
Value First Acquires clk2c.com
Value First purchases clk2c.com lock stock and barrel. ValueFirst Digital Media Pvt Ltd has recently acquired clk2c. com for an undisclosed amount. The purchase of the Gurgaon based digital media company would result in the acquisition of the mobile video service technology platform and its entire team.
Latest News
Silver Lake raises funds to support Michael Dell's plans. The technology focused private equity firm Silver Lake Partners has raised US$10 billion in an effort to add on to its US$24.
BYD, despite financial difficulties, denies share offer in the Hong Kong bourse. The Warren Buffett-Berkshire Hathaway backed Chinese automaker BYD Co Ltd denied a recent news report that the company is planning to sell new traded shares in Hong Kong's bourse.
Indian government NALCO share sale nets US$116 million. It was reported on Friday that the Indian government was able to raise $116million as proceeds of the sale of their shares with National Aluminium Co Ltd (NALCO).
Empire State Building to become REIT. The company controlling the Empire State Building has announced that a majority of its investors has approved a proposal to make the iconic building into a real estate investment trust or REIT.
Three more executives expand Carlyle Group Management Committee. The Carlyle Group, one of the world's top Global Alternative Asset Managers, has announced the addition of three Carlyle executives to the company's Management Committee.
Restructuring plan for Berlian Laju received from creditors. PT Berlian Laju Tanker, Indonesia's foremost oil and gas shipper, was able to reach an agreement with its lenders to restructure their loan of $1.
Pinnacle expecting IPO to net US$2 billion. Pinnacle Foods, the packaged food maker owned by the Blackstone Group LP is deep in preparations for its initial public offering.
Claris Pharmaceutical rumored to be subject of takeover bids. The next target in the takeover of Indian injectible drug makers is Claris Lifesciences Ltd.
Taylor Morrison is now undertaking plans to market its IPO. Renowned homebuilder in the U. S. and Canada, Taylor Morrison Home Corporation (TMHC) will proceed with its initial public offering next week according to sources.
