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NY Plaza hotel to go on auction on April 26

Bloomberg has reported the auction citing a source. As per a news report from Bloomberg, New York's Plaza Hotel will go under the hammer in the coming month.   Simon and David Reuben who holds New York Plaza Hotel’s mortgage has scheduled a foreclosure for April 26, reads the Bloomberg...

Vivint Solar terminates its acquisition of SunEdison

The deal was given the thumbs down from many hedge funds and investors citing SunEdison’s weak financials. Vivint will now be pursuing all available legal remedies against SunEdison which is set to lose more than $34 million breakup fee. With SunEdison failing to consummate the deal, Vivint Solar...

Entropy warns institutional investors of Nestle undervaluing Osem

Entropy, an Israeli consultancy firm has warned institutional investors that Nestle in its bid to buyout minority shareholders in Osem, Israel’s 3rd largest food manufacturer, has significantly undervalued the company. An Israeli consultancy firm has advised institutional investors in Israel to...

American Express to be acquired by Wells Fargo?

As per Fox Business News, the credit card company is likely to be acquired by Wells Fargo or another financial firm. With the news of Wells Fargo & Co potentially acquiring American Express Co leaking out, its shares rose by a little more than 1%.   Fox Business News has reported that...

China Resources Beer bags a bargain deal

With China Resources beer buying SAB Miller’s stake in China snow at $1.6 billion against analyst’s expectation of $3-$3.5 billion, with the result China Resources Snow Breweries is set to become the largest beer brewer in China with a market share of at least 23.3%. In the series of divestment...

Will DreamWorks bite Paramount Picture’s bait?

With Philippe Dauman, Paramount Pictures’ CEO’s disclosure that it would be willing to sell a minority stake, DreamWorks has shown interest in buying it. As per Jeffrey Katzenberg, the CEO of DreamWorks Animation SKG Inc., the famed Hollywood studio would be willing to a purchase by Paramount...

Dell clears the last hurdle in the acquisition of EMC Corp for $67 billion

The European Commission has cleared the merger of EMC with Dell. This strategic acquisition will enable Dell to compete better with rivals such as Cisco, IBM and Hewlett-Packard in areas such as cyber security, mobility and cloud storage. Dell’s historic acquisition, the largest ever in the tech...

Foxconn Takeover of Sharp Delayed over Newly Emerged Contingency Cost Controversy

The signing of a definitive takeover agreement with Sharp Corp. has been delayed by Foxconn Technology Group, the company announced on Thursday. The delay is due to new details that the Japanese electronics maker disclosed a day earlier.

London Stock Exchange and Deutsche Börse in Merger Talks Again after 15 Years

An alliance that was first discuss at the turn of the millennium, talks are underway between the London Stock Exchange and Germany’s Deutsche Börse for a merger that is valued at £21bn.
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