According to two sources who were familiar with the decision, Verizon Communications and Vodafone Group would be announcing a finalization of the USD130 billion exit deal, which would be financed in cash, stock and bank financing.
Tags: Buyout
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The boards of Verizon and Vodafone would vote over the weekend on the proposed USD130 billion buyout.
A Reuters report cited Wall Street Journal sources who said that Cumulus Media, a radio broadcasting company set its sight on buying out Dial Global, a content producer, for USD260 million in cash.
A source told Reuters that the European Union Commission will approve Swedish oil refiner Nynas and Royal Dutch Shell's deal despite antitrust concerns.
Women's boutique retailer Francesca's Holdings Corp. has ousted Lululemon as the most attractive company to date to land private equity bids.
State-owned Mubadala Development Co and Amsterdam-based Trafigura Beheer submitted joint bids for Eike Batista's MMX Mineracao & Metalicos.
RHJ International had said that Germany's banking regulator would probably give its decision on its planned acquisition of BHF-Bank by September's end.
Founders of ENRC announced that investors had already accepted up to 94.5% of its buyout offer. Founders of the Eurasian Natural Resources Corporation (ENRC) announced that investors had already accepted 94.
The purchase of Elster helped Melrose Industries increase its revenues for the first half of this year.
MMG Ltd expressed interest in working together with partners as it seeks to further grow its business.
