Michael Dell might be celebrating having agreed a buyout for his company, but $24.4 billion leveraged deal has seen a backlash, with one of the company’s largest shareholders, Southeastern Asset Management, planning to oppose the ...
Tags: Dell, buyout, Southeastern Asset Management
Dutch financial conglomerate ING has agreed to dispose of its 26% stake in Indian joint venture (JV), ING Vysya Life Insurance Company, to its partner Exide Industries, for an undisclosed sum. As part of a previously disclosed divestment ...
EquiTrust Life Insurance has teamed up with InsurMark to distribute its competitive suite of annuity and life products to independent agents. InsurMark president Steve Kerns said, "EquiTrust offers one of the best portfolios on the ...
Epic Shipping Holdings Limited and Pantheon Inc. merge to form E-P Gas, leading LPG Shipping company Tuesday, Jan 08, 2013 Epic Shipping Holdings Limited and Pantheon Inc. jointly announced the completion of their merger to form Epic ...
Tags: Epic Shipping Holdings Limited, Pantheon Inc, LPG Shipping company
The Prudential Insurance Company of America has closed the acquisition of The Hartford’s individual life insurance business through a reinsurance transaction, valued at $615m in cash. The acquirer is expected to receive nearly $7bn ...
Tags: Prudential Insurance, acquisition, America, Hartford
US-based Babson Capital Management, a global investment management firm, has provided subordinated debt and made an equity co-investment to support River Associates Investments’ acquisition of a controlling stake in Rose City Printing ...
Tags: Babson Capital Management, investment management, acquisition
Toledo Mining Corporation plc announced the appointments of Mr Isidro Consunji and Mr Robert Jenkins as non-executive directors. Mr Isidro Consunji, President of DMCI Holdings Inc. the parent company of DMCI Mining Corporation has agreed ...
Tags: Toledo Mining Corporation plc, DMCI, Robert Jenkins, DMCI Mining
Business Line reported that TATA Housing Development Company has raised INR 300 crore by issuing NCDs. TATA Housing said that the issue was subscribed by IDFC and a top mutual fund and the maturity period for the issuance ranges from 3 to ...
Tags: TATA Housing Development Company, mutual fund, NCD, private placement
The aim of the ISO/IEC 19770-1:2012 standard is to help organisations manage their software as a strategic asset of the business, maximising return on investment. This can help organisations win the trust of their clients and ...
ING US Retirement business will continue as service provider for the County of San Bernardino Defined Contribution Retirement Program,pursuant to a two-year agreement. The program comprises of plans namely 457(b)deferred ...
Dutch insurer ING has inked an agreement with Pacific Century Group (PCG) to dispose of its underwriting business units in Hong Kong, Macau and Thailand for a combined consideration of $2.14bn (€1.64bn) in cash. Its insurance ...
Tags: ING, PCG, underwriting business
Cyber security and compliance firm LogRhythm has secured $15m investment funding for product innovation and international expansion. The funding round was led by Siemens' Venture Capital group, with participation from existing investors ...
The Netherlands based ING bank has inked an agreement with Hong Kong's AIA, to offload its Malaysian insurance business for €1.3bn in cash. The transaction comprises ING's life insurance and employee benefits business as well as 60% ...
Tags: ING, AIA, insurance business
China Knowledge reported that China Securities Regulatory Commission the country's stock market watchdog, has said that it had granted licenses under the Qualified Foreign Institutional Investors scheme to 9 foreign investors in October. ...
Tags: QFII Licenses, China Securities Regulatory Commission, QFII program
Fairfax Financial Holdings has completed sale of its stake in Florida-based insurance firm Cunningham Lindsey for proceeds of nearly $270m. The acquisition follows an agreement signed between Luxembourg-based CVC Capital Partners and ...
Tags: Fairfax Financial Holdings, Cunningham Lindsey, insurance, stake