Alexander Mann Solutions was purchased for GBP260 million by private equity firm New Mountain Capital.
Sectors
ITT Corp increases dividend and expands manufacturing to address higher demand
Pumpmaker ITT is expanding both on the shareholder value side and on the operations side as demand for pumps had increased by half in the third quarter alone.
Citigroup preparing sale of mortgage backed securities, its first since 2008
Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.
Deals of the day
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
AT&T preparing takeover plan for UK's Vodafone Plc
To gain foothold for mobile broadband adoption in Europe, AT&T is seeking to acquire major telecoms firms such as Vodafone in the near future.
Latest News
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
Volkswagen's sales in the US remained a mystery to its manufacturers. Volkswagen AG (VW), the world's third largest automaker in the world, is disappointed with its US sales, according to Bloomberg report.
Art aficionados would have a chance to acquire a piece of SAC Capital Advisors owner and billionaire Steven Cohen to be sold next week at auction houses Sotheby's and Christie's.
A new financial advisory services firm in London had been formed by three former bankers who had successful careers in mergers and acquisitions.
Academic textbook rental company Chegg recently priced its shares for its upcoming IPO. On Thursday, textbook rental and academic services startup Chegg said intended to raise up to USD172.
Chinese online classifieds marketplace 58.com would be selling American Depository Shares (ADS) at USD17 apiece starting today on the New York Stock Exchange.
A patent filing by Apple Inc with the United States Patent and Trademark Office revealed that the tech company would be working on a technology to allow solar energy to charge its mobile devices.
Multiple reports said Google Inc's Nexus 5 smartphone would be unveiled today, with shipments starting on November 1.
ConocoPhillips sold various oil assets located in Northern America, Asia and Africa. A Reuters report said US oil company ConocoPhillips expected to receive USD8.
