Merchants Securities Co., the brokerage arm of China's top port operator Merchants Group, has hired Chinese joint ventures of UBS and Goldman Sachs to underwrite its proposed domestic IPO, sources close to the situation said on Wednesday.
The leading share index ended down 0.7 percent on Tuesday, with banks worst hit as U.S. and European markets were knocked by fears that strong global growth would force interest rates higher around the world.
China’s central bank has agreed in principle to allow foreign members into the Shanghai Gold Exchange, marking an opening in China’s precious metals trading market, according to the state news agency.
Shares of Affiliated Computer, Inc. (NYSE: ACS) rose on Monday, a day after news that the company was open to additional buyout bids.
The Board of Directors of Biomet, Inc. (Nasdaq: BMET), an orthopedics products maker, said Thursday it unanimously recommended an improved offer to acquire the company by a private equity consortium.
Avaya, Inc. (NYSE: AV) can still consider other bids despite an $8.2 billion agreement to be taken private and there are interested parties, according to a Prudential analyst.
Subprime lender Accredited Home Lenders Holding Co. (NASDAQ: LEND) said Monday that it agreed to be acquired by a private equity firm for $400 million.
Private equity firm Blackstone Group L.P. agreed to buy privately held insurance brokerage Alliant Insurance Services, Inc., it said late Sunday.
Insurance Australia Group Ltd., Australia's largest auto and home insurer, ended three year talks to buy a stake in China Pacific Property Insurance Co., saying the company's parent resisted the move.
Shares of online computer retailer CDW Corp. (NASDAQ: CDWC) rose on Wednesday, a day after it agreed to be acquired by private equity group Madison Dearborn Partners LLC for $7.3 billion in cash.
Biotechnology company Biogen Idec Inc. (Nasdaq: BIIB) said its board authorized a $3 billion buyback of about 57 million shares on Wednesday, sending shares more than 5 percent.
Sports trading cards company Topps Co., Inc. (NASDAQ: TOPP) has received an unsolicited offer from rival Upper Deck Co. on Thursday that exceeds the $385 million deal struck with a private equity firm led by former Walt Disney CEO Michael Eisner.
Hard disk parts provider Komag Inc. (NASDAQ: KOMG) lowered its second quarter guidance on Wednesday, saying market pressures and product transitions have negatively impacted its quarter.
Investment bank and brokerage Merrill Lynch & Co., Inc (NYSE: MER), announced Monday that that it will purchase a minority stake in investment management firm GSO Capital partners LP.
The Blacksone Group LP said on Thursday that it agreed to buy transaction and credit card services company Alliance Data Systems Corp. (NYSE: ADS) to take it private for $6.76 billion.
Thomson Corp. (NYSE, TSX: TOC), which is bidding to buy Reuters Group Plc, said Friday that it will sell segments of Thomson Learning and Nelson Canada to group of funds for $7.75 billion in cash.
Chicago Mercantile Exchange Holdings Inc. (NYSE, Nasdaq: CME) and Chicago Board of Trade owner CBOT Holdings, Inc. (NYSE: BOT) announced a revised merger agreement on Friday, with CME increasing its offer by 16 percent.
Citigroup, Inc. (NYSE: C) unveiled a $50 billion initiative to address global climate change by supporting the commercialization and growth of alternative energy and clean technology.
Publishing & Broadcasting Ltd (ASX: PBL) said on Tuesday that it would split its media assets and gaming interests into two separately listed companies.
International Business Machines Corp. (NYSE: IBM) was downgraded from a Buy to a Neutral rating by a Goldman Sachs (NYSE: GS) analyst after the firm reported its earnings for the first quarter on Wednesday.
Shares of brokerage TD Ameritrade Holding Corp. (NASDAQ: AMTD) shed nearly 10 percent in Tuesday trading after the firm lowered its guidance for fiscal 2007 and first-quarter income fell 18 percent.
Canadian telecom giant, BCE Inc. (NYSE: BCE) revealed on Wednesday that it was exploring strategic alternatives to enhancing shareholder value, including the possibility of going private.
