June 5, 2014 7:29 am
According to people familiar with the process, Sprint Corp. is coming closer to an agreement on the price, termination fee and capital structure of the T-Mobile U.S. Inc. takeover. The acquisition could estimate the wireless carrier at almost 40 dollars per share. The two companies are reported to have reached an agreement on the broader […]
Read moreJune 4, 2014 2:34 pm
The largest car manufacturer in Europe – Volkswagen AG made an official statement today, revealing that it sold 2 billion euros (2.7 billion dollars) in preferred stock. The company explained that the proceeds gained by the sale are intended to be used for partly funding the 6.7-billion-euro acquisition of the Swedish truck manufacturer Scania AB. […]
Read moreJune 4, 2014 1:19 pm
Frasers Centrepoint Ltd, which is a property company based in Singapore, made a bid for the acquisition of the Australian residential developer and office landlord Australand Property Group. Australand Property Group itself made a regulatory filing today, revealing that the price of the deal amounts to 2.6 billion Australian dollars (2.4 billion dollars). This is […]
Read moreJune 4, 2014 12:20 pm
General Motors Co. made an official e-mailed statement, revealing that it posted its best auto sales on a monthly basis in the U.S. The company joined a number of auto manufacturers, which also reported better-than-expected sales results in the previous month, due to increased customer demand for pickups and sport-utility cars. One of the analysts, […]
Read moreJune 4, 2014 9:41 am
Tesco Plc, the largest grocery chain in the U.K., announced a 3.7% decline in its sales over the first financial quarter of the year. The announcement comes at a time when the company is facing a fierce price competition with discount rivals. The Chief Executive Officer of Tesco Plc – Mr. Philip Clarke said in […]
Read moreJune 4, 2014 8:45 am
AT&T Inc. explained that its acquisition of DirecTV will provide it with the opportunity to cut its TV content expenses, which is considered one of its largest video costs, by about 20%. The company also posted an increased 2014 revenue projection. The company made a regulatory filing yesterday, revealing that about 60% of its revenue […]
Read moreJune 4, 2014 7:48 am
The second-biggest life insurer in Japan by premium revenue – Dai-ichi Life Insurance Co. Ltd revealed that it will acquire the US-based Protective Life Corp. The two companies made an official joint statement, explaining that the Japanese company will pay 582.2 billion yen (5.7 billion dollars) to acquire the US company. The acquisition is considered […]
Read moreJune 3, 2014 2:21 pm
The largest auto manufacturer by revenue in India – Tata Motors Ltd. made an official statement that its non-executive vice chairman Mr. Ravi Kant has retired. The decision of Mr. Kant to step down comes in line with the policy of the auto maker, which requires its non-executive directors to retire once they turn 70. […]
Read moreJune 3, 2014 12:36 pm
Foxtons Group Plc made an official statement today, revealing that its Chief Executive Officer – Mr. Michael Brown has decided to depart from the company for personal reasons. The announcement of his departure comes about eight months after the property broker organized its initial public offering. According to the companys statement, Mr. Michael Brown will […]
Read moreJune 3, 2014 9:57 am
A person familiar with the process reported that the second-largest bank by assets in the U.K. – Barclays Plc plans to start cutting 100 jobs across its investment-banking and markets units in Asia and the Pacific until the end of the week. Recently, the British lender shared that it plans to reduce the number of […]
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