LongRiver Consortium will walk away from the proposed US$8.2 million bid unless Severn Trent engages in discussion with the company.
Sovereign wealth funds
Emerging markets fall short, China stumbles
Emerging markets, including China, South Africa and Turkey, fell 10% from this year's peak. (Photo : Reuters)Kit Digital Inc's former chief executive significantly lowered the price he was willing to pay to buy the video technology provider, citing the company's worsening liquidity and capital structure issues.
S&P Upgrades US outlook and credit rating
S&P, who lowered the credit rating of the US from 'AAA' to 'AA' has improved its outlook from negative to stable in its latest review.
Agilitas decides to buyout management of ISS Damage Control
Agilitas, a Pan-European private equity firm, opts to buyout ISS Damage Control management. Agilitas, a Pan-European private equity firm decide to buyout the management of ISS Damage Control from ISS Group.
WestBridge Capital Enhances Team
UK-based private equity house WestBridge Capital appoints Pascal Wittlet as senior investment manager and relocates new offices in London to accommodate growing team.
Latest News
British finance minister George Osborne announces an early public sale of their shares in Lloyds Banking Group.
Severn Trent rejected the raised bid from LongRiver consortium. (Photo : Reuters)The image is the corporate logo of Severn Trent Services. Severn Trent, a British water firm rejected the increased US$8.
CIC VP was quoted as saying that CIC's overseas investment portfolio grew in 2012. (Photo : Reuters)The image is CIC Chairman Lou Jiwei. China Investment Corp, the sovereign wealth fund of China, has reportedly said that it had increased its overseas investment returns by 11% in 2012 after reporting a loss back in 2011.
The following bids, mergers, acquisitions and disposals were reported by 2200 GMT on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday:- SoftBank Corp is in talks with Deutsche Telekom AG over a possible deal for T-Mobile US Inc, as the Japanese company looks for alternatives to enter the U.
LongRivers Partners to make a new bid for water utilities firm Severn Trent Plc. (Photo : Reuters)The image is the profile of a water faucet. Severn Trent Plc, the United Kingdom's second biggest publicly traded water utility, would receive an improved bid from an infrastructure investor from Canada and the sovereign wealth fund of Kuwait.
The U.S. Treasury continues to embark on a strategy to exit General Motors, selling its 30 million stock of the bailed-out company for $34.41 a share.
Qatari Diar acquires properties from the portfolio of Barwa Real Estate. Barwa Real Estate, the Qatari real estate developer, is undertaking plans to sell its assets estimated to be worth 26 billion riyals or US$7.
A private auction was launched that drew companies including GE, Rockwell Collins and Thales SA interested to bid for Arinc Inc.
Two companies that are link to Chinese State-backed groups are pursuing the US$5 billion Glencore Xstrata mines in Peru.
