Coach's financial performance makes it ripe for rival bids. Coach Inc, the maker of luxury handbags and heels are now giving bargains for its luxury brand.
Tags: Shares
DLF to Issue Fresh Shares
DLF to comply with SEBI requirements needs to sell new shares. In an effort to dilute the promoter's shares held by a holdings group, realty giant DLF announced today the issuance of new equity shares to comply with new SEBI norms of 25% minimum public shareholding.
CNPC Discusses Deal with ENI
CNPC to purchase ENI's twenty percent share in Mozambique gas project. China's largest oil company, the China National Petroleum Corporation is deep in discussions with ENI SpA for the purchase of a stake in the Mozambique gas project.
Zamil Acquires Advantec Coils
Zamil purchases remaining stake in Advantec to be full owner. Zamil Industrial Investment Company has recently announced that it has completed the purchase of Advantec Coils Private Ltd.
Exxon Auctions off Stake
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.
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Korean chaebol Samsung purchases shares in Japanese rival Sharp. Samsung Electronics would be investing US$110 million in Sharp Corp in 2013 to stabilize the supply of television and improving the opportunities for the Japanese screen maker.
Special committee acquiesces to Michael Dell's offer. After months of speculation and back and forth discussions, a special committee comprising Dell Inc's board of directors announced that after evaluation, the best alternative for shareholders would be to sell off the company.
VEBA and Fiat most likely to break impasse to avoid lowered share value at IPO. In recent remarks, Fiat CEO Sergio Marchionne said that the Italian carmaker would most likely agree to the valuation of VEBA for its 41.
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.
Facebook to answer lawsuit over IPO misinformation. Facebook, still reeling from the fiascos of its IPO, is now facing another shareholder lawsuit. The world's biggest social networking company's executives, namely founder and CEO Mark Zuckerberg, its board and other officers for the damage sustained.
Hellermann Tyton would be listed in the London Stock Exchange. Hellermann Tyton's business is the making of cabling products and has announced it would list at least 40% of its shares in the London Stock Exchange this March.
News Ltd of News Corp sells of shares in Sky Network Ltd. As previously reported in Reuters, News Corp SA has completed the sale of its 44% share in New Zealand's Sky Network Ltd.
First offer of Schulman rejected by Ferro. After an initial snub, chemicals maker A. Schulman reinstated its offer to purchase Ferro Corp for US$563 million.
A Qatari and UAE consortium would offer to purchase Arsenal FC from Stan Kroenke. A consortium of investors from Qatar and the UAE are preparing to bid for English Premier League football club Arsenal.
