In a surprise move, Dish Network offers US$2.5 billion for a merger with Sprint-Nextel. Dish Network offers US$25. 5 billion to merge with Sprint Nextel.
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Indigo Group Completes Acquisition
Indigo Group through funding was able to complete the acquisition of six quick service restaurants. In an announcement, Indigo Group LLC conveyed to the public its completion of the acquisition of six quick service restaurants that are based in East Texas.
Glass Lewis Accepts New Merger Terms
Glass Lewis has recommended the acceptance of new merger terms for T-Mobile and MetroPCS. In a 180 degree turn, proxy advisory firm Glass Lewis is now recommending to its MetroPCS Communications shareholders to approve the wireless service provider's merger with T-Mobile USA.
Bertelsmann to Sell Off RTL
Selling of RTL would allow Bertelsmann to proceed with expansion plans. Media conglomerate Bertelsmann of Germany is projecting a fund raising value of Eur1.
Fairway Market Raises US$178.1 million in IPO
Fairway Market offers 13.7 million shares at US$13 per share totaling US178.1 million. Fairway Market, the high end grocery store chain, has announced the price of its initial public offer of 13.
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LVMH purchases nearly half of RM Williams of Australia. A private investment fund financed by a French luxury brand LVMH Group has bought 49. 9% of Australia's R.
OpenCoin finalizes successful financing round with angel investors. In an announcement, OpenCoin disclosed that it had closed a round of financial investments from angel investors.
Pearson Plc to transfer its BDFM Publishers shareholdings to Times Media Group Ltd. The owner of the Financial Times newspaper, Pearson Plc has entered into an agreement to sell off its 50% shareholdings in publisher BDFM Publishers.
Betfair is entertaining bids and according to its former CEO, has lost its way. Betfair, the online gambling company, is now the object of a takeover bid from CVC Capital Partners.
Mando's plan to invest in Halla Engineering beyond its means forces Midas to divest its shareholdings in Mando.
Woori Chairman resigns amidst declining share values. Lee Pal Seung, Chairman of Woori Finance Holdings Company, plans to resign prior to the South Korean government's fourth plan to sell its shares in the country's largest financial service group.
Seibu Holdings is opposing attempts by Cerberus to gain more seats in the board of directors. Seibu Holdings, the railway and real estate conglomerate of Japan has rejected the attempt of Cerberus Capital Management LP to increase its shareholdings in the company.
L&T Komatsu will cease to be as L&T would buy out Komatsu's shares in the joint venture. Larsen and Toubro Ltd will buy out Komatsu Ltd's 50% share in their joint venture.
Salini wins approval of the increase of its shareholdings in Impregilo. Salini, the family owned construction firm from Italy, has increased its shareholdings in its chief competitor Impregilo.
