MGM Board to discuss IPO. The Metro Goldwyn Meyer board, the iconic Hollywood moviemaker that ended its bankruptcy in 2010 is now in discussions for its initial stock offering.
Sectors
New owners hope to have Twinkies on U.S. store shelves by summer
The new owner of Hostess Brands Inc's snack cakes hopes to have Twinkies back on U.S. store shelves by this summer, according to a member of the purchasing group.
STMicro, Ericsson find no takers for mobile chip unit-report
STMicroelectronics and Ericsson have failed to find a buyer for their loss making wireless electronic chip joint venture and will now consider whether to close the business down, news service Bloomberg said on its website.
Mary Schapiro to GE Board
GE nominates Schapiro to its Board. General Electric Co has nominated former chairman of the US Securities and Exchange Commission to its Board of Directors.
ACI Worldwide Acquires Online Resources Corp
ACI acquires Online Resources to expand its service capacities. The international provider of payment systems ACI Worldwide issued an announcement that it has completed the acquisition of Online Resources Corp.
Latest News
Apollo Global's Constellium to open with IPO. Apollo Global Management is conducting its interviews of banks for the initial public offering of Constellium, a company that makes aluminium products for the transportation and aerospace industry.
Cerberus increases stake in Seibu. Cerberus Capital Management, the American private equity forum, is seeking to increase its stake in Seibu Holdings, the Japanese railway and property group.
Absa, a Barclays subsidiary to establish fund to purchase African equities. The Johannesburg based subsidiary of Barclays Plc, Absa Asset Management is planning to establish a US$100 million fund to be used to invest in African shares.
Idemitsu gets management shakeup and plans future. The third largest refiner in Japan, Idemitsu Kosan Co is keenly interested in the acquisition of stakes in Canadian gas fields.
Air Asia continues its expansion plans in South East Asia. AirAsia's subsidiary in the Philippines has decided to purchase 49 percent of Zest Airways as their initial step in expanding their business into the Philippines.
Temasek buys stake in Evonik. Temasek Holdings, the Singapore state investor will purchase shares in the German company, Evonik Industries according to people close to one of the owners of Evonik.
Chairman of Simcere to buyout shares. A consortium led by its Chairman Jinsheng Ren has offered to buyout Simcere Pharmaceutical Group. The China based pharmaceutical firm was priced at US$9.
Directors hope to reap same success in Mozambique project. Three major executives that took part in the creation and sale of Cove Energy Plc have come together again to raise funds for an oil and gas exploration project in Mozambique.
Sistema Shyam Teleservices wins bid in eight telecommunication zones. The Indian mobile phone subsidiary of Sistema, Sistema Shyam TeleServices has won the right to operate in eight telecommunication zones in India.
