The US conglomerate Illinois Tool Works is set to sell a 51% stake in its Decorative Surfaces division to the private equity firm Clayton, Dubilier & Rice (CD&R). ITW and CD&R announced that an agreement to this effect had been signed on 16 ...
Italian car maker Fiat is planning to completely acquire the Chrysler Group by purchasing 41.5% shares from United Auto Workers trust fund in the US. The company owns and manages the Chrysler Group with ownership of 58.5% of which it ...
As the global economic outlook remains stagnant, LED industry's peak season performance may fall short of expectations. Thus, Taiwanese LED firms such as Epistar, Unity Opto, Lextar, and Genesis Photonics underwent setbacks in the stock ...
Tags: LED, industry, China, economic outlook
The facility, initially planned for an amount of Euro 1 billion, was significantly oversubscribed with bank commitments reaching in excess of Euro 2.2 billion. This enabled Saint-Gobain to increase the size of the facility to Euro 1.5 ...
Tags: credit facility, construction markets, building materials
INSTITUTIONAL investors have slowed their uptake of electronic trading,in part to prop up the shrinking commissions being paid to Australia's battling brokers,new research suggests. The latest review of Australian brokers,carried out by ...
Tags: electronic trading, Australia, Peter Lee
Proactive Investors reported that UBS has taken a closer look at Ferrexpo and sees no reason to change its positive stance on the Swiss iron ore company. UBS analyst Mr Myles Allsop said that while Ferrexpo is set to increase pellet ...
Tags: UBS, Ferrexpo, iron ore, freight costs
The Australian reported that construction of a new rail line through Western Australia's resource rich Pilbara region could drive down iron ore prices and force out of business the very mines the network would unlock, an exhaustive analysis ...
Tags: Pilbara, iron ore, BHP Billiton
Dutch's paint and chemicals group Akzo Nobel has signed a longevity insurance deal worth €1.75bn with Zurich-based Swiss Re, under which the reinsurer's UK subsidiary ReAssure will write the UK pension funds of Akzo. As per the ...
Tags: Akzo Nobel, longevity insurance, ReAssure, Towers Watson
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: insurance-claims, CVC Capital Partners, Fairfax, insurer
Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal. According to the ...
Tags: copper, supply shortage, metal, mines extract, slowing growth
The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
French vehicle manufacturer Renault is planning to manufacture over 70% of its Clio subcompacts in Turkey. The French government holds 15% of Renault, and the company's decision to shift production to lower-wage countries will cut down ...
Tags: vehicle manufacturer, Renault, Clio subcompacts, shift production
Lincoln Financial Advisors has named Stefan Lambert as its new managing principal, who will supervise recruitment of new advisors, retention and risk management. Lincoln Financial Advisors' Atlantic Regional Planning Group, which includes ...
Tags: Lincoln Financial Advisors, Stefan Lambert, managing principal
Luxembourg-based CVC Capital Partners–led group has agreed to purchase insurance-claims adjuster Cunningham Lindsey from Stone Point Capital and Fairfax Financial Holdings in a deal valued between $900m and $1bn including debt. An ...
Tags: CVC, Bes, board of directors, insurance
UK-based private equity firm Permira has hired banks to provide additional debt for its frozen food company Iglo,which owns the Birds Eye brand. Credit Suisse,HSBC,Nomura and UBS will be managing the Iglo transaction,under which€250m ...
Tags: debt, frozen food, banks