Petronas, the Malaysian state backed oil and gas firm, has increased the offer made per share. Petroliam Nasional Bhd, the state owned oil and gas company of Malaysia, has increased its offer to purchase MISC Bhd.
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New Bird Flu Strain Hurts Stock Prices
With new reports of avian flu outbreaks, the fragile Chinese economic recovery is now under fire. A couple of cities in mainland China have stopped the conduct of poultry sales and slaughtered livestock after reports of the H7N9 strain of avian infulenza abound.
Sovcomflot IPO Plan Shelved
Sovcomflot's IPO has been shelved by the Russian Government due to unfavorable market conditions.
New Qatari Investment Fund to Do IPO
Doha Global Investment Co is backed by Qatar Holding for Eur2.3 billion and the IPO is expected to raise the same amount.
Fariway Market is offering IPO of its shares
Fairway Market, from its humble beginnings as a fruit and vegetable stand, can now stand to be worth US$495 million.
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The BTS Rail Mass Transit Growth Infrastructure Fund is now worth US$2.13 billion after its IPO. BTS Group, the Bangkok SkyTrain operator has raised nearly US$2.
Sterling Bancorp was purchased by Provident New York Bancorp for US$344 million. Provident New York Bancorp has announced its purchase of Sterling Bancorp through a stock deal amounting to US$344 million.
India, in order to raise funds to narrow the budget deficit, is selling off asset shareholdings in Indian corporations.
Billabong is currently priced at Aus$0.50, much lower than the estimated offer. Billabong International Ltd, the largest surf wear company in Australia, is being bidded out for as low as Aus$0.
Randstad purchases part of USG People's operations at Eur20 million. Randstad, the Dutch staffing firm has entered into an agreement to purchase part of USG People's European operations.
Allianze, through its CIO criticized the handling of block sales of firms resulting in retained shareholdings by the bank.
Obagi's enterprise value increased as Valeant offered a higher share value price of US$24 per share.
DAMAC Properties would be listing publicly in the Dubai bourse amidst high interest for IPOs in the region.
Vodafone shares tumble after Verizon denies takeover talk. Vodafone share values fell after Verizon Communications denied rumors of a takeover of its joint venture.
