Japan's Toshiba Corp. and German real estate major Gagfah SAS entered a joint venture to sell energy directly to residents in Germany. The deal could bring in a revenue of USD184 million to USD233 million to the Japanese conglomerate.
Sectors
Largest insurers in UK to pour GBP 25B in infrastructure
A Bloomberg report said the largest insurance firms in the UK will be pouring about GBP 25 billion or USD 41 billion in the country's infrastructure in the next five years.
Australian carrier Qantas considers stake sale -report
If the Australian federal government does not boost Qantas Airways Ltd's credit ratings, the national carrier may sell its shares in its frequent flyer division or Jetstar's Asian arm, the Australian Financial Review (AFR) reported.
Versace valuation as over the top as its clothing - NYT
An article published by the New York Times said that the Versace deal may not please investors. Versace valued itself at over EUR1 billion (USD1.36 billion), which is 14 times its current-year EBITDA at EUR70 million.
Activist hedge fund Engaged Capital urges Abercrombie & Fitch to replace CEO
Engaged Capital, an activist hedge fund, wrote a letter to the board of Abercrombie & Fitch urging the retailer to replace CEO Michael S. Jeffries when his contract expires next year.
Latest News
The shares of Australia-based electronics seller Dick Smith Holdings Ltd lifted on its debut on Wednesday after securing USD315 million in its initial public offering.
According to a report by the South China Morning Post, the approved merger of American Airlines and US Airways to form the largest airline by revenues in the world is not good news for passengers.
Germany's Douglas Holding AG has began the process of divesting Hussel, the biggest confectionery chain in the country. After being taken private, Douglas committed to actively managing its portfolio through acquisitions and divestments.
Westfield Group's Australia and New Zealand businesses will be spun off from its global retail assets. Assets of the Australian and New Zealand units will be merged with Westfield Retail Trust to form a new company.
Private equity firm Sycamore Partners LLC is reportedly leading the bids for Men's Warehouse's discounted apparel and accessories store K&G. Sycamore is also in advanced talks to takeover Jones Group Inc.
The following bids, mergers, acquisitions and disposals were reported on tuesday including Adcock Ingram, Energa, Nordea Bank, Alitalia, Ben Venue, TIM Participacoes, Douglas, Mercator, Novartis, OncoMed, Kerning and Malaysia Airports
Six more water systems and wastewater systems were bought by Aqua America Inc in November and December, bringing to 15 the number of its acquisitions this year.
US-based processor giant Intel acquired private hackathon organizer Hacker League for an undisclosed amount, in a deal that will merge the latter with Mashery, an Intel company.
Bloomberg report said Salix Pharmaceuticals has proposed a rate for the USD 1.2 billion financing it will be getting for the purchase of Santarus Inc.
