Shareholders respond to call for more funds for Talvivaara. Talvivaara, the nickel mining company from Finland has asked its shareholders for Eur261 million to pay for the cost of keeping the mine running in light of its penalties from a waste water leak incident.
Tags: Sale
Hostess Creditors and Buyout Firms Interested in Twinkies
Hostess Brands now being bidded on. The main creditor of Hostess Brands, Silver Point Capital and hedge fund firm Hurst Capital have expressed interest in purchasing Hostess snack cakes brands according to a report by the New York Post.
E.ON Denies Spin Off Plans
E.ON still on its plan to divest non-performing assets. The largest utilities service provider in Germany E. ON has denied reports that it would spin off its renewable energy unit in order to reduce outstanding debt of in its balance sheet.
Matahari launched to US$1.36 Billion Offering
Investment firms circling over the exit of CVC from Matahari. PT Multipolar Tbk and CVC Capital Partners have joined forces to peg US$1. 36 billion value to sell shares in retailer PT Matahari Department Store.
Emirates NBD engages banks for bond sale
Lender engages six banks to facilitate bond sale. Dubai's largest lender, Emirates NBD, has engaged the services of six major banking institutions to arrange a subordinated bond sale for the company.
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The interest of CVC Capital Partners is being sold in the market drawing much interest. CVC Capital Partners, who is backed up by Och-Ziff Capital Management Group LLC and Schroders, the asset manager, has raised US$200 million in pledges.
Royalty Pharma offers US$6.6 billion for Elan purchase. In a standoff, Royalty Pharma has reiterated its offer to purchase Elan, the Irish pharmaceutical firm on the same terms despite being previously rejected.
Adidas removes for sale sign for hockey business and recommits to Reebok. Amidst lukewarm offers for its hockey business, Adidas AG has chosen to remove this subsidiary from the market.
Exxon taps Barclays to assist in auction of its stake in Castle Peak. In a bid to sell up to US$2 billion worth of stocks, Exxon Mobil Corp has opted to sell its interest at an auction for the Hong Kong power venture it had ended a year ago.
Johnsons Controls Inc to sell of all electronics related units and divisions. Johnson Controls is looking into the possible sale of its automotive electronics unit.
Softbank expanding into mobile virtual network operations for internet companies. Softbank's next move is expected to make waves in the US wireless market when it enters into a partnership with Internet giants Google and Amazon.
Nasdaq and SharesPost to create new market for privately held securities. A new marketplace for shares trading of unlisted companies would be rolled out as a joint venture between Nasdaq and SharesPost Inc.
Few fund firms and banks remain in Armacell auction. After Goldman Sachs and Equistone pulled out of the race, only a few buyers are still in the hunt to land Armacell, the German insulation firm.
News Corp sells off interest in Sky TV New Zealand. New Zealand's top television operator, Sky Network Television Ltd has confirmed that is near majority shareholder News Corp would be selling off its 44% stake in the company.
