News

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Wed, 13 Jun 2018 14:37:22 GMT

Vintage Capital lifts Rent-A-Center bid to $14/share

On Tuesday, the buyout company Vintage Capital Management has sweetened its bid for Rent-A-Center to $14 a share in cash, following the retailer's rejection over unsatisfactory takeover proposal.

Wed, 13 Jun 2018 14:33:15 GMT

Hong Kong'sCKI makes $9.8B takeover proposal for Australia's APA

Hong Kong's CK Infrastructure has launched a $9.8B takeover bid for the Australian largest gas pipeline firm APA Group, sending its shares 21% up to A$10.00.

Wed, 13 Jun 2018 13:37:22 GMT

J&J accepts Platinum's $2.1B bid for LifeScan unit

On Tuesday, Johnson & Johnson accepted the buyout offer worth $2.1B from the private equity group Platinum Equity for its LifeScan unit.

Wed, 13 Jun 2018 11:59:23 GMT

French Suez opens JV hazardous waste treatment factory in China

On Wednesday, France's utility Suez has launched a hazardous waste treatment factory joint venture with China Everbright International in Changzhou, the countries Jiangsu eastern province.

Wed, 13 Jun 2018 11:53:05 GMT

Hometown makes proposal to Australia's Gateway Lifestyle

Hometown Australia Holdings and Hometown America Communities have made a non-binding offer for the Australian firm Gateway Lifestyle Group, valuing the company at $480M.

Wed, 13 Jun 2018 11:39:41 GMT

France's ERAMET lifts offer for Australia's Mineral Deposits

On Wednesday, France's ERAMET announced it had increased the all-cash offer for the Australian firm Mineral Deposits to A$1.775 per share, bringing the company's value to A$344.7M.

Wed, 13 Jun 2018 11:36:57 GMT

Bloom Energy start-up files for listing

The fuel cell start-up Bloom Energy is seeking an initial public offering latte on Tuesday with the US Securities & Exchange Commission, intending to attract up to $100M in the listing.

Wed, 13 Jun 2018 09:30:20 GMT

Saudi Aramco seeks partnerships to expand petrochems, refining

Saudi Aramco is eyeing partnerships to bolster investments into petrochemicals and refining to secure new crude markets to reduce the slowdown risk in oil demand.

Wed, 13 Jun 2018 09:22:43 GMT

UK lawmakers to question Asda and Sainsbury's CEOs over deal

British lawmakers are set to question the heads of the UK supermarkets Asda and Sainsbury ahead of their $9.77B acquisition deal, announced in April.

Wed, 13 Jun 2018 08:36:18 GMT

Parsons agrees to pay $133M for revamped Arizona retail centre

The Go Daddy founder Bob Parsons is set to acquire a revamped retail centre in Arizona's Phoenix suburb in a deal valued at $133M, his real estate concern said on Tuesday.

Wed, 13 Jun 2018 08:34:09 GMT

eBay ties up with Dubai billionaire over sales in Middle East

eBay has partnered with a Dubai billionaire to sell its products on a new e-commerce venture in the Middle East, starting from this year's second half, the venture reported on Tuesday.

Wed, 13 Jun 2018 07:21:43 GMT

Societe Generale explores sale of its Polish unit Eurobank

France's bank Societe Generale is considering to sell its Polish unit called Eurobank, as it faces pressure from the rivals, two Warsaw's investment bankers said.

Wed, 13 Jun 2018 07:15:56 GMT

Hancock Prospecting takes early 20% stake in Atlas Iron

On Wednesday, Australia's Hancock Prospecting has disclosed a 19.96% stake in the iron ore miner Atlas Iron, following Fortescue Metals Group's 19.9% stake gain last week.

Wed, 13 Jun 2018 06:38:04 GMT

AT&T gets approval to acquire Time Warner

On Tuesday, AT&T has won court's approval to acquire Time Warner in a deal worth $85B, rebuffing the Trump Administration's attempt to ban the deal.

Wed, 13 Jun 2018 06:36:00 GMT

Blackstone in deal to buy Australia's IOF for $2.3B

On Wednesday, the US private equity firm Blackstone Group has clinched a deal to acquire Australia's real estate investment group Investa Office Fund for $2.3B.

Wed, 13 Jun 2018 04:55:08 GMT

Lenovo expands smartphone business in China

Lenovo Group Ltd is starting to integrate its smartphone business in the company's Chinese unit in order to expand and strengthen its presence in the local market.

Wed, 13 Jun 2018 04:53:29 GMT

ZTE shares plunge after ban suspension

Shares of the Chinese telecommunications company ZTE plunged 41% on Wednesday when the company resumed its trading after two-month suspension.

Wed, 13 Jun 2018 04:12:21 GMT

Asian stocks start day lower prior to Fed decision

Asian stocks opened lower on Wednesday, as investors were shifting their focus from the Singapore summit to the Fed monetary policy decision to be released at 1800GMT today.

Wed, 13 Jun 2018 04:07:52 GMT

Oil falls on Wednesday

Oil prices declined early on Wednesday, pressured lower by rising US oil production and expectations that the OPEC countries would loosen their agreement on output cuts.

Wed, 13 Jun 2018 02:59:26 GMT

Blackstone in deal to acquire Investa Office Fund for $2.3B

Australia's Investa Office Fund and Blackstone Group joined scheme implementation agreement by which the US private equity major is likely acquire IOF for $2.3B.

Wed, 13 Jun 2018 02:53:08 GMT

Toshiba set to buy back $6.33B in shares

Toshiba Corp stated that the company is set to buy back around $6.33B in shares at the earliest opportunity, after selling the memory chip business for $18B.

Wed, 13 Jun 2018 02:35:13 GMT

Blackstone raises more than $9B in Asian funds

Blackstone Group raised about $9.4B in Asia-focused funds, the US private equity firm stated, as an addition to a massive money pool for investments and acquisitions in the region.

Wed, 13 Jun 2018 02:32:12 GMT

Toyota to invest $1B in Grab

Toyota Motor agreed to invest $1B in Southeast Asia's ride-hailing conpany Grab as the main investor in the ongoing financing round of the company.

Tue, 12 Jun 2018 20:20:01 GMT

Trump economic counselor Kudlow in medical center after heart attack

White House economic counsellor Larry Kudlow will stay in a Washington-area medical center but was anticipated to make a fast recovery after experiencing a heart attack.

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