American International Group (AIG) has agreed to terminate an interest rate swap agreement with Brookfield Asset Management in exchange for a payment of $905m. The agreement was part of the remaining derivatives portfolio of AIG Financial ...
Tags: Brookfield, AIG
Vestar Capital Partners has signed a definitive agreement to acquire a majority interest in the Roland Foods family of companies including Bruno Scheidt, American Roland Food, Pro Warehouse, and Costamar. Terms of the deal were not ...
Production of BlackBerry smartphone devices has been cut in half after the company's CEO, Thorsten Heins, effectively put the company up for sale. Heins, who under his contract of employment stands to earn more than $50m if the company is ...
Private equity investment firm Hellman & Friedman has agreed to purchase the US-based insurance brokerage firm Hub International from Apax Partners in London, in a deal valued at nearly $4.4bn. It is believed that Apax, a private equity ...
Titan International Inc. posted net income of $23.2 million on net sales of $593.3 million for the second quarter ended June 30, 2013. That compares to income of $44 million on sales of $459.2 million for the same period last year. ...
The Australian dollar was weaker as markets warmed again to the idea that the central bank will cut interest rates next month. "Domestic press speculation of an RBA rate cut in early August has weighed on the Australian dollar," RBC ...
Tags: Australian Dollar
Finance segments experienced some growth, driven by emerging markets, but the capital markets and commercial banking remained cautious, according to the latest study by the Financial Services Competence Center at Roland Berger Strategy ...
Tags: economy, Finance segments
The cash injection comes alongside on-going investment in the firm's 120 employees, as the family-owned firm readies itself to enter new markets and reinforces its presence in its existing specialisms. Manchester-based Duo UK manufactures ...
Japanese Mitsubishi Tanabe Pharma (MTPC) has agreed to acquire Medicago, a biopharma company that develops vaccines, in a deal valued at nearly $357m. Based on the terms of the definitive agreement, the acquirer will purchase all of the ...
Tags: Mitsubishi, Pharma, Medicago
Chinese state-owned Yanzhou Coal Mining's proposal to acquire the 22% of shares it does not own in Australian coal producer Yancoal Australia for A$905 million ($822 million) might violate strict foreign investment conditions set by the ...
Tags: Coal Mining, Chemicals
On July 8, OSRAM Licht AG started trading with ticker symbol "OSR" on the Frankfurt and Munich stock exchange. Wolfgang Dehen, CEO of Osram, said that the listing marks the beginning of a new chapter in Osram's history of more than 100 ...
Osram Licht AG formally splits from Siemens to become a pure-play lighting company with 80% of the shares initially owned by current Siemens shareholders. Osram Licht AG announced on Friday, July 5, 2013 that its spinoff from Siemens was ...
OSRAM Licht AG today started trading on the Frankfurt and Munich stock exchange under the ticker symbol “OSR”. “Today’s listing marks the beginning of a new chapter in the company’s more than 100-year history ...
US-based Moog has completed the sale of its Buffalo, New York operations of Ethox Medical to Dempsey Ventures. The annual sales from this division are approximately $12m. Ethox Buffalo has 88 full-time employees. There is an after-tax ...
Tags: Ethox Medical, Medicine
Dialog Semiconductor Plc (FWB: DLG), a provider of highly integrated power management, audio and short-range wireless technologies, is pleased to announce that it has entered into an agreement to acquire iWatt Inc. ("iWatt"), a leading ...