With Reuters
Friday, September 03, 2010         08:22 EDT
Ely Razin, Esq., Editor In Chief
 
SECURITIES


30 August 01:00
The China Banking Regulatory Commission’s stern words to banks recently, intended to crack down on off-balance sheet loans, may be falling on half open ears. While the CBRC is empowered to…
Precedent Watch

26 August 01:30
Despite bearing witness to mounting troubles associated with European debt woes, Japan has been pumping stacks of government bonds into the market, which have been slurped up by institutional investors and foreign governments...
Precedent Watch

24 August 20:26
Japan's Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains...
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24 August 16:23
Financial markets are knocking down a wall of debt maturity that has endangered the U.S. economic recovery and threatened to push more companies into bankruptcy...
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22 August 02:13
The Dubai government, which is restructuring $23.5 billion (15.1 billion pounds) in debt, will launch a roadshow for fixed-income investors in Asia starting on August 26...
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19 August 01:30
In boomtown Macau, Melco Crown Entertainment has been busy tending to securities housekeeping. The casino operator, which has also branched into…
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12 August 01:30
Magnachip Semiconductor, a Delaware technology maker may be readying its forces to IPO in the United States, after a withdrawn attempt earlier this year. Fresh from Chapter 11 restructuring…
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08 August 20:26
China bought a net 508.0 billion yen ($5.94 billion) in short-term Japanese bills in June, extending a record buying spree of Japanese debt seen since the start of the year...
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30 July 00:15
For Calgary-based Compton Petroleum, the climb back to stability following the global economic crunch of the past few years has been...
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28 July 06:49
Cable operator Virgin Media has launched a share buyback to reflect its growing confidence, after adding a better-than-expected 9,100 new customers in its traditionally tough second quarter...
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28 July 00:31
Dubai's pledge to cover gaps in Dubai World's debt repayment plan has become a sticking point for lenders, some of whom want state guarantees to fall under British -- not local -- law...
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26 July 12:33
Dubai World warned that lenders, aside from the government's own support fund, would face a "significantly" worse deal if its debt plan fails and it is forced to seek liquidation...
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03 June 02:00
It has been six months since Dubai World rocked markets around the globe with the announcement it would seek to restructure its burgeoning debt, but the reputedly imminent settlement remains far from certain…
Precedent Watch

02 June 03:42
Fund management house Jupiter on Wednesday set a price range of 150-210 pence for its London listing, valuing the company between 718 million and 868 million pounds...
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05 April 02:00
Debentures are up, and they are clearly a valuable fundraising vehicle for Canadian public issuers. With over 100 issues of publicly traded convertible debentures outstanding…
Precedent Watch

02 March 10:00
Terra Capital, a wholly-owned subsidiary of Terra Industries Inc, is offering to exchange up to $600 million in notes issued through a private placement for…
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12 February 13:00
What's debt among friends? Sometimes it can be a legal and financial headache, so firms must restructure related party debt. Case in point, Hallmark Cards, which has announced a new recapitalization plan that will…
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04 February 09:00
Dubai’s attempts to restructure the well publicized debt of Dubai World have brought about a restructuring of a different sort: that of the Emirate’s legal framework. Foreign courts, domestic courts, and now…
Precedent Watch

21 December 06:30
Pre-packing for the trip through Chapter 11 has gotten busier…and maybe even faster. Debtors from CIT Group to Lear Corp have used prepackaged bankruptcy plans during 2009, to great effect. Driving this are bankruptcy processes and credit markets that make any other route so risky that parties cannot afford to careen into Chapter 11...
Precedent Watch

07 December 16:30
Anheuser Busch InBev, a Belgian corporation, filed a $5.5 billion exchange offer with the SEC. The company will exchange four separate old notes for new notes…
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07 December 07:30
Builders FirstSource has disclosed that it will reduce the target tender percent of its recapitalization transactions...
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19 November 08:00
The Bristol-Myers Squibb Company is taking another step in its carve-out of Enfamil infant formula maker Mead Johnson Nutrition Co. Bristol is offering its shareholders the option to…
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12 November 13:00
Earlier this week, Limited Brands Inc, parent of Victoria’s Secret and White Barn Candle Company, executed an exchange offer of its 8.50% senior secured notes due 2019…
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06 November 15:30
Qiao Xing Universal Telephone, an emerging Chinese resources company incorporated under the laws of the British Virgin Islands, filed an...
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03 September 01:30
Its economy is predicted to grow by 4 per cent next year, it has one of the lowest deficit forecasts in the EU and bond markets are alive with its issues. No it’s not Germany but…
Precedent Watch

02 September 00:30
Dual listings can tie up secondary offerings, especially where disclosures differ between exchanges. U.S. filer Ampal-American Israel Corp. found this to its chagrin…
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30 August 20:27
Brazil's richest man, Eike Batista, said he plans to create a high technology company and an automobile company within a year...
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27 August 07:44
German national rail operator Deutsche Bahn aims to take advantage of historically low interest rates to sell at least one billion euros in bonds on capital markets this year, Bahn board member Richard Lutz said...
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26 August 02:30
With fears growing that the U.S. bond market may be developing into a financial bubble, HSBC has filed a note and warrant programme that may allow even non-U.S. citizens to participate…
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26 August 02:10
Turkey's first Islamic bond, from lender Kuveyt Turk, will pay a coupon of 5.25 percent and was 45 percent oversubscribed by investors...
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26 August 01:30
Despite bearing witness to mounting troubles associated with European debt woes, Japan has been pumping stacks of government bonds into the market, which have been slurped up by institutional investors and foreign governments...
Precedent Watch

25 August 15:19
Even as UBS launches a global campaign to revive its banged-up brand, the Swiss bank's U.S. brokerage faces another costly and embarrassing wave of regulatory actions...
More Headlines

25 August 02:00
In a year of firsts for credit ratings agencies, including Dodd-Frank’s imposition of expert liability and a bevy of innovative lawsuits, Moody’s has entered the debt market with...
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25 August 01:35
Saudi-based Dar Al-Arkan Real Estate Development Co said it does not expect any of the three main ratings agencies to downgrade it after Moody's put it under review earlier this month...
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24 August 16:23
Financial markets are knocking down a wall of debt maturity that has endangered the U.S. economic recovery and threatened to push more companies into bankruptcy...
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23 August 13:19
New issues of insurance catastrophe bonds should rapidly rebound to pre-financial crisis highs as securities markets stabilise...
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23 August 02:00
Dubai's government will keep its options open for a potential sovereign debt issue later this year but it is not under pressure to do so...
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19 August 21:05
Hong Kong's PCCW sold $500 million of bonds due in 5-½ years at a coupon rate of 4.25 percent, a source close to the deal said...
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18 August 12:46
Investors scared off by Dubai's debt crisis are taking a new look at government-related entity debt in the United Arab Emirates, but broad reforms are needed as well as competitive pricing to develop the secondary market...
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18 August 00:15
After announcing its intention to acquire private label juice manufacturer Cliffstar Corporation for $500 million, the next step for Cott Corporation…
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17 August 04:51
China took a new step on Tuesday to promote the use of the yuan beyond its borders, a strategic initiative to raise the global profile of the currency while retaining capital controls to shield its economy from speculators....
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16 August 01:00
While the world idles away the dog days of summer, DirecTV has had a busy August, wheeling and dealing as it buys back shares and issues billions in new debt...
More Precedent

15 August 01:00
Kuveyt Turk’s summer sukuk, with its key navigation points plotted along a Kuwait-Turkey-England-Caymans crescent, seems a fitting offering for the Ramadan season…
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11 August 22:50
Foreign banks may soon be allowed to underwrite bonds issued by non-financial companies on China's interbank markets, a newspaper reported...
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09 August 04:28
Japan's Toshiba Corp and Tokyo Electric Power said they will sell back their convertible debentures in Uranium One for $265 million after the Canadian uranium producer agreed to a...
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09 August 01:00
In a deal which illustrates the complicated interplay in global transactions of currency, tax and regional concerns, one of the largest oil companies in the world, Total SA recently announced...
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08 August 19:51
South American OPEC member Venezuela will begin a widely expected $3 billion new debt issue from Monday, Economy Minister Jorge Giordani said...
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06 August 01:00
Despite all the fuss over Dodd-Frank, U.S. regulators are not the only ones cracking down on the financial services industry. In Canada, the credit rating business is now in the direct line of sight of regulators...
Precedent Watch

04 August 07:30
Dubai International Capital the private equity arm of the Gulf Arab emirate, said it will focus on bringing German aluminium maker Almatis out of bankruptcy after...
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04 August 02:20
Malaysian state investor Khazanah sold S$1.5 billion ($1.1 billion) in sukuk, Singapore's largest Islamic bond issue, which could help ignite interest in the city state's fledgling sukuk market...
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29 July 02:00
The controversial practice of food price speculation is hotting up in the UK, undeterred by allegations of distorting markets and unscrupulous speculation. With a public campaign against Goldman Sachs for “gambling on hunger”…
Precedent Watch

28 July 03:00
Subprime chickens are still coming home to roost for hedge funds like Highland Capital Management and one-time fund operator Carlyle Group, which have been the targets of recent lawsuits…
Precedent Watch

27 July 06:50
DP World, part of the Dubai World conglomerate at the centre of the emirate's debt troubles, said better-than-expected container volumes will help boost profits in...
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26 July 23:15
Chinese developer Shimao Property Holdings said it hired banks to help arrange a series of meetings with investors ahead of a planned dollar bond issue…
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26 July 00:00
Kuveyt Turk Katilim Bankasi, the Islamic lender majority held by Kuwait Finance House, plans to launch a three-year, $100 million Islamic bond offering in the first half of August…
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25 July 18:00
The maturity of the Islamic finance industry will soon face another critical test, as defaults on $200 million sukuk don’t escape the notice of financial markets…
Precedent Watch

23 July 04:39
With the results of stress tests on 91 European banks looming, financial institutions have been coming up with their own scenarios of what to expect...
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22 July 15:39
The State Bank of India sold $1 billion of five-year notes, said IFR, a Thomson Reuters service...
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19 July 04:02
Moody's downgraded Ireland's sovereign bond rating by one notch to Aa2, citing weaker growth prospects and the high costs of rebuilding the country's crisis-hit banking system...
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19 July 02:00
India is gaining new corporate renown as, via acquisitions and exchanges, its companies migrate worldwide…
Precedent Watch

15 July 05:19
Spain sold 3 billion euros ($3.8 billion) of a 15-year benchmark bond, at the top end of the Treasury's target range, following previous successful auctions in euro zone periphery countries this week...
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14 July 02:30
Major pharmaceutical deals, like those involving Teva and Pfizer, are unfolding under the twin pressures of healthcare reform in the U.S. and downward price pressure on...
Precedent Watch

08 July 01:00
In a recent insider trading decision, a U.S. federal court in Manhattan ruled against the SEC in its first ever insider trading case involving credit default swaps or CDS…
More Precedent

02 July 02:30
Virgin Media has set the scene for possible share buy-backs, dividends or capital investments by putting itself in rude financial health with a…
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02 July 00:15
The private equity gambit of asset-shifting continues to find opportunistic participants…
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01 July 03:44
Barclays Capital said it had set up a new syndicate bond, sales and trading team in Zurich to bolster its presence in the Swiss bond market...
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30 June 06:50
Egypt is likely to remain an Islamic finance laggard, hit by bad press from corruption scandals and a government keen to buttress its secular credentials and stymie Islamists ahead of elections next year...
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30 June 03:47
Indonesian telecommunications company PT Indosat said that it has extended the deadline for holders of its debt due in 2010 and 2012 to accept its offer to buy back the bonds...
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28 June 15:00
Tata Motors plans to raise about 47 billion rupees ($1.02 billion) through a combination of shares, bonds, debentures and other equity-linked instruments to cut debt and grow its business...
Reuters News

28 June 08:44
PT Media Nusantara Citra said it will continue with a plan to issue $300-$400 million in bonds in the fourth quarter of 2010, despite concerns that Europe's liquidity problems could force it to pay higher coupons...
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23 June 03:00
Whilst there seems to be a public perception that the bond market in the UK is closed to all but structured finance offerings, there are yet signs of life…
More Precedent

23 June 00:45
If buybacks are any indication, then a corporate convalescence is in full swing. This uptick can be viewed as an increase in corporate confidence…
Precedent Watch

22 June 23:01
Brazilian state oil company Petrobras delayed by two months one of the world's largest planned stock offerings in what could be a blow to its ambitious plans to pump billions of barrels of oil from deep beneath the ocean floor...
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22 June 01:00
Canadian toll road operator 407 International has pulled into the passing lane, announcing the issuance of nearly a billion dollars in new debt in order to pay out a series of notes…
More Precedent

21 June 00:30
Epiq Systems, a provider of technology solutions related to the administration of bankruptcy, litigation, financial transactions and regulatory compliance matters, is restructuring its own finances...
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18 June 02:30
Israeli generic pharmaceutical giant Teva filed a suitably gigantic $2.5 billion debt offering this week...
More Precedent

17 June 02:18
European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis...
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16 June 01:00
Relatively unscathed by the financial crisis, Canada’s banking sector continues to seek opportunities to raise funds in receptive U.S. and European markets. The Bank of Nova Scotia has entered into an…
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11 June 09:08
Lloyd's of London insurer Brit Insurance confirmed it had rejected a 770 million pound indicative cash offer from U.S. buyout firm Apollo, and said it was holding out for a higher bid...
Reuters News

10 June 08:00
Space Systems/Loral Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock...
Reuters News

10 June 02:00
As firms consider deleveraging strategies, consider the IRS’s latest move: The Internal Revenue Service and the Department of the Treasury have proposed new rules relating to...
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09 June 04:00
In the heady boom days of 2006 and 2007 private equity partied it up and structured mega-buyouts with loads of leverage. Debt laden portfolio companies are still...
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09 June 03:00
Lending and general economic conditions remain difficult for European companies, affecting even venerable Coke in Europe. The result? Coca-Cola Hellenic Bottling Company (CCHB), the Greek franchise of Coca-Cola International, has announced …
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07 June 04:00
At long last, the SEC is joining with others to regulate the muni market. These bonds have, until now, been treated as frequent flyers, with favored, fast track expediency, in the metaphoric “security line” of offerings...
Precedent Watch

03 June 02:00
It has been six months since Dubai World rocked markets around the globe with the announcement it would seek to restructure its burgeoning debt, but the reputedly imminent settlement remains far from certain…
Precedent Watch

27 May 01:00
A comeback has been structured for once-maligned structured products, despite a backlash against derivative-based financial products. UK debt markets have become awash in these exotic securities…
Precedent Watch

24 May 05:00
In the latest indication that the asset backed securities and car markets are continuing to pick up steam, Honda has offered $1.2 billion in car loan-backed securities through its...
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21 May 02:00
Once veiled by an iron curtain, more companies in the former Soviet bloc are stepping out of obscurity with western capital grabs as the curtain goes up on the economic performance of…
Precedent Watch

20 May 08:00
Hedge funds have been among the brave and bold – and at-times conflicted – providers of credit, amidst credit crisis residue. Fortress, Cerberus and Bain Capital are among those that...
Precedent Watch

20 May 04:00
Israel’s high tech defense and avionics systems manufacturer Elbit Systems Ltd. announced earlier this week that it will issue a shelf prospectus valid for two years, thus allowing…
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18 May 06:00
Supersized raising plans have been baking for banks in China, and the oven timer is about to go off. After the PRC government boosted requirements for the capital adequacy ratio by…
Precedent Watch

14 May 00:15
Municipal bonds may seem preferable for investors relative to the stock market in down cycles, but as recent developments illustrate, the muni-bond industry is certainly no safe haven from…
Precedent Watch

07 May 07:30
Notwithstanding its recent PR troubles, Toyota is still making sales – to wit, Toyota Auto Receivables 2010-A Owner Trust recently filed a $775 million offering of asset backed notes…
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03 May 06:00
While Greek sovereign wealth debt has been declared junk and overheating rumours run through emerging markets, China’s sovereign wealth fund is bucking the trend and planning a bond issue to the tune of 80 billion yuan or US$11.7 billion. Stranger still is…
Precedent Watch

24 March 06:00
In the roll call of industries crushed by the global economic crisis, aviation sits near the top, literally and figuratively. Thin margins, high leverage and elastic fuel costs make operating airlines a dicey proposition in the best of times…
Precedent Watch

22 March 11:00
Inter-dealer brokerage BCG Holdings’ majority owner, private investment advisor Cantor Fitzgerald, subscribed to a private placement of $150 million convertible senior note issuance by BCG earlier this week...
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19 March 04:00
Cyber attacks are a growing global problem affecting businesses both within and outside of the traditional IT sector. In the U.S., the Pentagon has just announced that it is to create a cyber army in the wake of…
Precedent Watch

16 February 13:00
These days, commercial real estate and financial problems go together like mom and apple pie. Hence, it comes as no surprise to see commercial real estate giant CB Richard Ellis entering a…
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12 February 09:00
Bank of America and its ill-starred merger with Merrill Lynch can’t seem to get out of the gaze of regulators. In a whirlwind of recent legal filings, the firm appears close to settling with the SEC, but now…
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09 February 10:00
The debt markets seem to have taken a shine to auto loan securitizations as of late, and recently, Volkswagen marketed a $1.3 billion securitization of auto loan receivables…
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05 February 09:00
English football is sometimes known for its combativeness –but it may soon be known for its restructuring and corporate reorganization as well. In a corporate drama replete with leverage, hedge funds and the Glazer clan, Manchester United’s latest troubled offering…
Precedent Watch

04 February 09:00
Dubai’s attempts to restructure the well publicized debt of Dubai World have brought about a restructuring of a different sort: that of the Emirate’s legal framework. Foreign courts, domestic courts, and now…
Precedent Watch

19 January 12:30
In a CoCo-like move, BNP Paribas has put together its own contingency-based convertible securities, centered on a Knock-In Event. In particular, BNP Arbitrage Issuance BV…
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18 January 16:00
Telecommunications company Conestoga Enterprises recently a filed a $1.1 billion exchange offer of 7.875% Senior Notes due 2017 for 7.875% Senior notes…
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08 January 16:30
After appearing to be on its last leg last year, brought down by troubled mortgages, GMAC seems coming back to life – or at least continues to hold its own. The mortgage financier has filed an Indenture and…
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07 January 10:00
The energy sector is sure to be an area to watch in 2010, particularly where it involves China-based companies. Hoku Scientific Inc, based in Honolulu, entered into a securities purchase agreement with China-based Tianwei New Energy Holdings Co…
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06 January 06:30
Making sense of the 2009 U.S. capital markets is no easier than peering into the capital market’s crystal ball for 2010. Clear trends like spinoffs, Chinese IPOs, and junk bonds drove the equity and debt markets during 2009 and these trends could drive the market in 2010…
Precedent Watch

06 January 06:30
While much of the news has been focused on bettering balance sheets, weakened UK companies are actually engaged in twin processes of recapitalisation and cost control. Recent debt and equity offerings reveal that...
Precedent Watch

29 December 15:00
After high demand from leading institutional investors, Clear Channel Outdoor Holdings closed private placement offerings of two series of senior notes totaling $2.5 billion, by...
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24 December 08:30
In a further sign of the return of riskier second lien facilities, with equity kickers to boot, Hughes Telematics Inc announced it had entered into a $15 million Second Lien Credit Agreement…
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23 December 14:00
MWB Group Holdings plc, the operator of 26 Malmaison and Hotel du Vin hotels, has announced a £30 million placing to avoid breaching its gearing covenants in its Loan Stock Deed…
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22 December 12:00
Nokia OYJ, the Finish telecommunications company, has announced a Euro Medium Term Note Programme for €5,000,000,000, as part of its preparation for an apps war with Apple…
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16 December 14:00
As Venture Capital firms continue to seek more stable, and sizeable, deals, Technology Crossover Ventures (TCV) and Trident Capital have joined a private debt placement into public company, Xata Corp. Xata is a…
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15 December 09:00
Brazilian government controlled and one world’s largest integrated oil and gas companies Petrobras – Petróleo Brasileiro S.A. may issue debt securities, warrants, preferred shares, mandatory convertible securities and guaranties, and…
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10 December 16:00
Education services provider Princeton Review is raising both debt and equity in its effort to recapitalize. The company recently secured additional debt in the form of...
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10 December 09:00
The Treasury Department announced earlier this week that it would sell its JPMorgan Chase & Co. warrants in a public Dutch auction on Thursday. The warrants were acquired by the...
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07 December 06:30
Price is a central focus in M&A transactions, so much so that post closing price adjustments are now being set up both forcibly and contractually. Following the sales of both Lehman Brothers and Washington Mutual, companies and shareholders are pushing back against…
Precedent Watch

03 December 06:30
Default threatens Dubai World and other global players with another round of financial shock. Comparisons to Lehman and AIG may be overblown, as Dubai has less in dollars and counterparties at stake. However, for those sharing in Dubai World’s capital structure, this is scant solace…
Precedent Watch

25 November 14:30
Chrysler Financial Services Americas, through an issuing trust, recently offered $334 million in asset backed notes...
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24 November 16:00
General Electric Capital recently listed a $500 million sukuk on the Bursa Malaysia and London Stock exchanges. This is the first Islamic bond offering by General Electric’s financing unit…
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24 November 07:00
Business is still booming for the healthcare industry, but CIT seems to be heading for the exit. Care Investment Trust Inc., a health care REIT managed by CIT Healthcare, completed the sale of interests in two…
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23 November 11:30
Lloyds TSB Group PLC, the largest retail bank in the UK, is looking to extend its success with its latest private placement debt issuance of up to $35 billion in senior and subordinated medium-term notes...
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17 November 15:00
The International Finance Corporation (IFC) recently dual listed a $100 million sukuk on the Nasdaq Dubai and Bahrain stock exchanges. This Islamic bond offering, the first term funding issuance of a Sukuk by…
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13 November 15:00
In connection with the issuance of $546 million in Senior Secured Transition Bonds on November 6, 2009, Entergy Texas Restoration Funding has entered into various transition agreements with…
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12 November 15:30
Barrick Gold Corp, a Canadian gold company, will raise $1.25 billion in an exchange offer of two separate series of notes for new notes. The old notes were originally issued by...
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10 November 15:00
Clearwire Corp said on Tuesday that it would raise $1.564 billion from its current investors to help fund a high-speed wireless network it is building…
Reuters News

10 November 13:00
Diageo Finance, a wholly-owned subsidiary of spirits group Diageo PLC, on November 3 sold $500 million in notes...
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06 November 15:30
Qiao Xing Universal Telephone, an emerging Chinese resources company incorporated under the laws of the British Virgin Islands, filed an...
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04 November 13:00
EDF Energy, one of the UK’s largest energy companies, recently offered £10 billion in medium term notes…
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03 September 01:00
A pair of financial services companies are banking on the public markets. These companies have extremely different client bases and business models, but the same aspirations...
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02 September 22:00
(Reuters) Australian iron ore miner Fortescue Metals <FMG.AX> and its CEO have been sued by the company's third-largest shareholder to stop it from raising funds, citing a breach of a 2006 funding deal, an accusation Fortescue denied.
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02 September 18:59
Australia's dominant phone provider Telstra Corp <TLS.AX> said on Friday its Chinese subsidiary SouFun Holdings Ltd had filed for an initial public offering with the U.S. Securities and Exchange Commission...
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02 September 07:05
Indonesian coal miner PT Harum Energy, owned by Tanito Coal Group, aims to raise as much as 4.1 trillion rupiah ($455 million) in its initial public offering, based on the share price range set...
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31 August 07:09
No client is too small for Goldman Sachs Group Inc these days, even a company with no revenue that's owned by a hedge fund specializing in penny stocks...
Reuters News

30 August 02:00
Commercial real estate seems to be in a state of flux, with some companies abandoning properties and others clamoring to go public. Amid the mixed messages, ECM Realty Trust is planning a $380 million IPO...
More Precedent

27 August 08:59
Danish jewellery maker Pandora's owners are preparing an initial public offering of stock and are likely to unveil their flotation plans within weeks, investment banking sources close to the matter said...
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27 August 07:35
After last year's flurry of stock offerings made Hong Kong the world's top spot for IPOs, the city is bracing for another surge, with companies targeting up to a combined $6 billion in...
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27 August 06:45
Velocity Commercial Capital Inc filed with U.S. regulators to raise up to $175 million in an initial public offering of common stock...
Reuters News

27 August 05:02
India's value-added (VAS) telecom service providers are girding up to raise money from the primary market as they get ready to support India's plan to launch 3G services that promises to boost telecom profits...
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27 August 01:00
Strategic concerns for companies planning IPOs might have taken an unexpected twist recently, with the technological capacity of trading exchanges now driving (and preventing) some IPO activity...
Precedent Watch

26 August 09:30
Canada's Allied Properties REIT will raise C$50 million on a bought-deal basis to pay down credit available for acquisitions, and said it remains committed to...
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26 August 04:19
Vodafone Essar, India's No.3 mobile company, has decided not to proceed with an initial public offering of the joint venture for now, sources familiar with the matter told Reuters...
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26 August 03:41
The number of subscribers for PT Indosat, Indonesia's No. 2 mobile phone operator, may hit 40 million by year end, based on the firm's growth forecast, and putting it only just ahead of rival XL Axiata...
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26 August 02:21
Oman's Nawras, a subsidiary of Qatar Telecom is looking to raise up to 400 million rials ($1.04 billion) from its initial public offering...
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25 August 16:03
Blackstone Group LP urged a federal appeals court not to revive an investor lawsuit accusing it of hiding bad investments before raising $4.7 billion in its 2007 initial public offering...
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25 August 15:19
Even as UBS launches a global campaign to revive its banged-up brand, the Swiss bank's U.S. brokerage faces another costly and embarrassing wave of regulatory actions...
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25 August 01:00
In a sea of outbound investment activity among Chinese companies, the business goals and IPO of one company in particular is turning heads. Lizhan Environmental Corporation is preparing to…
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23 August 01:00
Tiny Mauritius has proudly entered the big time with its first ever listing on a major New York exchange. MakeMyTrip, Ltd., an India-based internet travel agency has splashed onto the NASDAQ Global Markets Exchange…
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20 August 07:30
China's securities regulator took fresh steps to improve the pricing mechanism of initial public offerings, allowing more institutions to participate in bookbuilding and...
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20 August 00:30
The pharma industry must be taking activity-boosting drugs, to judge from the quickened deal pace over the last week. The spate of recent deals includes two mergers, a PIPE, a private placement, and an IPO...
More Precedent

18 August 17:02
General Motors Co filed for an initial public offering of stock, clearing a key hurdle toward repaying taxpayers for a controversial bailout just over a year after its bankruptcy...
Reuters News

18 August 16:20
General Motors Co filed for an initial public offering of stock The IPO could raise as much as $20 billion, people with knowledge of the preparations have said...
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18 August 06:38
U.S. private equity firm Lone Star has decided to scrap its plan to sell a majority stake in Korea Exchange Bank worth $4 billion at current market price because of weak demand from...
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18 August 02:30
Despite stock market volatility, equity markets are opening up for IPOs, and companies from GM to Hulu and Kinder Morgan to BankUnited are reportedly planning offerings...
Precedent Watch

18 August 01:17
China Everbright Bank shares surged 17 percent on their Shanghai debut, trumping forecasts for the $3 billion IPO and boding well for at least $20 billion in China bank fundraising in the pipeline...
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18 August 00:15
After announcing its intention to acquire private label juice manufacturer Cliffstar Corporation for $500 million, the next step for Cott Corporation…
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18 August 00:05
A recent niche finance IPO could be a shot in the arm for the plaintiffs’ bar. Imperial Holdings, Inc. (“Imperial”), a specialty finance company founded in...
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17 August 03:00
China Huaneng Group Corp and Datang Corp, the country's top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could...
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17 August 02:57
News that Hulu is talking to investment banks about an IPO that could value it at more than $2 billion is a mouth-watering prospect for bankers. After all, the last huge, true Hollywood public offering was...
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17 August 01:00
After bankruptcy, reorganization, and a name change, the former Tropicana Entertainment Holdings’ initial registration statement drew the attention of…
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16 August 19:25
Private equity-owned Nielsen plans to raise up to $2.01 billion through an initial public offering, more than the $1.75 billion it was originally aiming for, it said in a U.S. regulatory filing...
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16 August 16:31
General Motors Co has completed the paperwork for an initial public offering and timing of its filing with the U.S. securities regulators now rests with the board of the top U.S. automaker...
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16 August 15:40
Fund giant Fidelity Investments sharply raised its holdings of oil firm Exxon Mobil in the second quarter, a filing showed, though it reduced other large positions including stakes in Google Inc and...
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16 August 12:37
Chinese cement producer West China Cement Ltd raised US$179 million after pricing its Hong Kong initial public offering at top of an indicated range, sources familiar with the deal said...
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16 August 09:35
Pacific Biosciences of California Inc filed with U.S. regulators to raise up to $200 million in an initial public offering of common stock...
Reuters News

16 August 08:23
Medco Health Solutions Inc said it would acquire privately held United BioSource Corp for about $730 million to boost its safety-monitoring capabilities for medicines and...
Reuters News

16 August 04:19
Vedanta to buy stake in Cairn India for £5.4 - 6.1 billion...
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16 August 02:45
Hulu is planning an initial public offering which could value the U.S. video viewing site at more than $2 billion, the New York Times said...
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16 August 00:30
A happy ending was sealed last week for another SPAC that had been scouring the PRC for a suitable acquisition target. GSME Acquisition Partner I, a Cayman…
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15 August 17:01
Agricultural Bank of China (AgBank) said it had fully exercised an over-allotment option for the Shanghai portion of its initial public offering, taking total proceeds from the offer to...
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13 August 16:00
ExamWorks Group Inc filed with U.S. regulators to raise up to $172.5 million in an initial public offering of its common stock...
Reuters News

13 August 00:15
Israel’s D.Medical, an as-yet-unprofitable insulin therapy company, has called in some high-end legal talent to help launch its American IPO...
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12 August 20:41
China Life and two other Chinese companies may not proceed with bids for stakes in American International Group's Asian unit AIA ahead of the unit's planned IPO...
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12 August 19:52
Private equity firms General Atlantic and Apax Partners have agreed to effectively underwrite a planned stockmarket float of SouFun, China's second-largest online real estate website...
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11 August 22:39
MakeMyTrip Ltd, an India-based online travel company, conducted a $70 million initial public offering, selling shares at the high end of the the expected range, an underwriter said...
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11 August 12:00
PetroAlgae Inc filed with U.S. securities regulators to raise up to $200 million in an initial public offering of common stock...
Reuters News

11 August 00:30
Two of the world’s ten largest uranium miners – Vancouver’s Uranium One and state-controlled mining company JSC Atomredmetzoloto of Russia – are joining forces, in a…
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10 August 07:30
Richmond Honan Medical Properties Inc filed with U.S. regulators to raise up to $257.6 million in an initial public offering of common stock...
Reuters News

10 August 05:45
U.S. hedge fund Harris Associates has upped its stake in JJB Sports to 17.9 percent, making it the largest shareholder in the struggling British sportswear retailer...
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09 August 19:26
Private equity firm Kohlberg Kravis Roberts & Co said it has canceled plans to sell $500 million of new common units, less than one month after it listed on the New York Stock Exchange...
Reuters News

09 August 18:30
The hotel investment company said it plans to use net proceeds from the offering to repay existing debt, fund capital improvements at its hotels and for...
Reuters News

09 August 16:00
Simon Property Group LP sold $900 million of notes, said IFR, a Thomson Reuters service...
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09 August 10:00
Skype S.A.R.L. filed with U.S. regulators to raise up to $100 million in an initial public offering of American Depositary Shares...
Reuters News

06 August 00:15
Canada’s biggest lender is making major inroads into American equity markets. Though good news for the Royal Bank of Canada and its dealer affiliates, RBC’s success has also proven a headache...
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05 August 12:24
General Motors Co has begun to work on the U.S. regulatory filing needed for an initial public offering but does not expect to have that ready in the next two weeks, Chief Executive Ed Whitacre said...
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05 August 05:02
Singapore sovereign wealth fund GIC has added three banks as joint bookrunners for the upcoming IPO of its logistics unit that could raise as much as $3 billion, two sources familiar with the deal said...
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04 August 03:45
Ivanhoe Mines is having "interesting" talks with potential new strategic investors following a recent move to ease restrictions on its shareholder registry...
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03 August 22:18
China Everbright Bank's IPO shares reserved for strategic investors have been hugely oversubscribed, signalling strong demand for the potentially $2.9 billion offering as stock markets recover...
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03 August 20:13
Barnes & Noble, the number one U.S. book store chain, is putting itself up for sale as business suffers in the high-stakes battle for a leading role in the digital books market...
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03 August 02:03
Proceeds from initial public offerings in July soared on a global basis, hitting their highest level since before the 2008 financial meltdown, according to Thomson Reuters data...
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30 July 15:00
A backlog of Canadian companies are eager to go public, but as the downsizing of MEG Energy's IPO this week suggests, demand remains fragile as the market struggles to...
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30 July 14:00
Britain's largest surface coal mining company Scottish Resources has delayed its plan to float, joining other potential IPOs that have been postponed or foundered in a market that remains challenging...
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30 July 02:00
In a too-good-not-to-be-true story, Lisboa Leisure, Inc. will conduct an initial public offering in hopes of realizing $32,000 in proceeds…
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28 July 10:59
A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages...
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28 July 10:40
Industrial & Commercial Bank of China, the world's most valuable bank, plans to raise up to 45 billion yuan ($6.64 billion) through a rights offer, the latest in a...
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28 July 10:00
Spain's Telefonica has won its battle for a bigger share of the burgeoning Brazilian market, raising its offer for Portugal Telecom's stake in mobile operator Vivo to...
Reuters News

28 July 09:53
Brazilian phone giant Oi said that Portugal Telecom would pay 8.44 billion reais ($4.77 billion) for stakes in the company and two operating units, as part of a broader plan to expand in Latin America and Africa...
Reuters News

28 July 06:45
RealPage Inc filed with U.S. regulators to raise up to $189 million in an initial public offering of its shares...
Reuters News

28 July 02:00
General Motors does not want to leave things to chance when it comes to its announced $3.5 billion merger with AmeriCredit. The auto giant has locked up...
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27 July 18:30
Brasoil Exploration, which is exploring for oil and gas resources in Brazil, aims to raise about C$150 million ($144 million) in an initial public offering to...
Reuters News

27 July 17:30
UCI International Inc filed with U.S. regulators to raise up to $200 million in an initial public offering of common stock...
Reuters News

27 July 12:58
BP Plc said the U.S. markets regulator Securities and Exchange Commission and the Justice Department had launched a probe into market trading connected to the oil giant's Gulf of Mexico oil spill...
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27 July 10:00
The billionaire Barclay brothers sold their 10.4 percent stake in InterContinental Hotel Group Plc for 335 million pounds ($520 million), sending shares in the...
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27 July 00:30
After a sluggish 2009, the forecast for Canadian IPOs was supposed to have improved. Indeed, 2010 started out well. But when…
Precedent Watch

26 July 17:27
Online travel company MakeMyTrip Ltd filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock...
Reuters News

26 July 05:15
China Everbright Bank's plan to raise up to $2.9 billion in a Shanghai IPO has been approved by the securities regulator, two sources said, in what will be the latest Chinese bank to try and...
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26 July 02:00
In one of the most controversial UK IPOs this year, Ocado has plowed ahead with its initial public offering, despite criticism over its market valuation and its last minute revisions to…
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23 July 12:30
Gold miner Kinross is set to rake in a windfall from the sale of its stake in diamond miner and retailer Harry Winston and its interest in the Diavik diamond mine in Canada's far north...
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23 July 04:39
With the results of stress tests on 91 European banks looming, financial institutions have been coming up with their own scenarios of what to expect...
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22 July 21:30
CITIC Group is considering a $12 billion listing in Hong Kong, a move that can help the state-owned conglomerate raise its profile and reduce debt...
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22 July 12:15
Euramax Holdings Inc filed with U.S. regulators to raise up to $175 million in an initial public offering of common stock...
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22 July 07:00
In a filing with the U.S. Securities and Exchange Commission, the transportation services company said that Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities are...
Reuters News

22 July 07:00
Dutch company NXP Semiconductors N.V. filed with U.S. regulators for a $663 million initial public offering of its shares...
Reuters News

22 July 01:30
Global companies, take note of the Agricultural Bank of China’s neat ruse to improve the prospects of its recent Hong Kong IPO…
Precedent Watch

21 July 17:15
Private equity firm TPG Capital is investing $300 million in natural gas company Copano Energy, which it will use to fund shale gas production developments...
Reuters News

21 July 11:46
Amaya Gaming Group, a Montreal-based developer of technologies for online gambling, said it raised C$5 million ($4.81 million) in an initial public offering it made to finance growth...
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20 July 23:15
AIA, the Asian life insurance unit of American International Group, is seeking backing from potential investors to cut ties with its U.S. parent by listing more than half its equity in the Hong Kong market….
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20 July 18:00
The educational and career enhancement services provider said it hopes to sell 10.7 million American Depositary Shares for between $10 and $12 each...
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20 July 16:30
BP Plc said it had reached a deal to sell $7 billion in assets to Apache Corp as it tries to raise money to deal with the Gulf of Mexico oil spill...
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20 July 12:05
British online grocer Ocado has cut the price of its initial public offering to win over investors who balked at the company's valuation, which is still higher than where sceptics think it should be...
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19 July 08:15
Unilever has sold its slow growth Italian frozen foods unit Findus to Birds Eye Iglo for 805 million euros ($1.1 billion), reuniting it with the business it sold four years ago to private equity group Permira...
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19 July 02:00
WPP Digital takes stake in digital advertising measurement firm in China...
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19 July 02:00
India is gaining new corporate renown as, via acquisitions and exchanges, its companies migrate worldwide…
Precedent Watch

16 July 06:15
Even before bankers can finish celebrating the completion of Agricultural Bank of China's roughly $20 billion offer, they're preparing for an invite to another major IPO party…
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16 July 06:00
Agricultural Bank of China's $19.3 billion IPO limped across the finish line after a three-month sprint, its modest Hong Kong debut reflecting concerns over...
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16 July 04:00
Hong Kong investment bankers were just wrapping up work ahead of the long Easter weekend in early April when they were hit with a proposition that would upend their holiday plans...
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16 July 02:15
A newly hatched Malaysian IPO demonstrates the lure of iconic American brands, yet in a decidedly un-American style offering...
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15 July 10:01
Storied buyout firm Kohlberg Kravis Roberts & Co made its long-awaited debut on the New York Stock Exchange, and its shares moved slightly higher in the first few minutes of trading...
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15 July 02:20
British oil and gas company Fairfield Energy shelved plans for a $500 million stock market listing, the company said, citing hostile markets...
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14 July 19:00
Theater operator AMC Entertainment Inc filed with U.S. regulators to raise up to $450 million in an initial public offering of common stock...
Reuters News

14 July 02:46
Tata Steel denied a media report the company was planning to raise about $2 billion through fresh equity over the next quarter to help fund expansion. "Nothing at this point"...
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14 July 01:30
Summer is turning up the heat in the northern hemisphere. As travelers are packing their bags, legal counsel of PRC hospitality and travel companies have been…
Precedent Watch

14 July 01:08
Israeli drug development company BioLineRx is planning a share offering on U.S. exchange NASDAQ...
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13 July 13:58
British online grocer Ocado faced calls to cut the price of its planned initial public offering on Tuesday as analysts and investors said its hopes of a 1 billion pound...
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13 July 01:00
Whilst stock market wobbles continue to disrupt the IPO plans of many, a few surprisingly risky companies have managed to get their equity issues off the ground recently…
Precedent Watch

12 July 13:00
A bidding war for the bunny may be about to break out...
Reuters News

11 July 01:00
Taking public companies private ascribes new meaning to the Latin maxim, e pluribus unum. Abu Dhabi’s publicly listed Aabar Investments PJSC has announced
Precedent Watch

09 July 06:49
Vallar Plc, which is seeking to build up a mid-tier mining house from scratch, raised 707 million pounds in an initial public offering before formal trading begins on July 14, it said...
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08 July 11:00
Billionaire investor Wilbur Ross is taking a 25 percent stake in Sun Bancorp, the New Jersey bank said, sending its shares up as much as 47 percent...
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06 July 11:30
Oil sands producer MEG Energy Corp aims to raise about C$1 billion ($950 million) in an initial public offering late this month, selling about 23 million common shares as it...
Reuters News

06 July 00:30
Green Dot Corp, an issuer of general purpose reloadable prepaid debit cards, or GPR cards, has amended its $150 million initial public offering of…
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05 July 06:23
British oil and gas company Fairfield Energy set a price range for its initial public offering (IPO), targeting proceeds of up to $500 million (330.4 million pound), two sources close to the deal said...
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04 July 09:49
Saudi Arabian Catering Co, a unit of Saudi Airlines (Saudia), is eyeing a bourse listing by March 2011, while its ground handling unit will merge in July with two other firms...
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02 July 18:30
Ridgebury Tankers Ltd filed with the U.S. Securities and Exchange Commission on Friday to raise up to $250 million in an initial public offering of common stock...
Reuters News

02 July 07:30
Blockbuster Inc stayed a step ahead of bankruptcy after winning a crucial one-month reprieve on debt payments, but was forced to begin the process of delisting from...
Reuters News

01 July 12:00
A private equity firm that has invested in several retailers has taken a 9.5 percent stake in BJ's Wholesale Club Inc and said it may propose taking the warehouse club operator private...
Reuters News

01 July 10:30
First Republic Bank, a lender to wealthy families that was prized by Merrill Lynch but deemed expendable by Bank of America Corp, celebrated its 25th birthday by...
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01 July 08:30
U.S. agricultural processor Archer Daniels Midland Co said it will invest $100 million in a Chinese bank and open an office in Beijing as part of its goal to boost sales in China...
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01 July 04:13
Agricultural Bank of China's Hong Kong share offering has been more than 10 times oversubscribed by institutional investors, signalling their healthy interest in the dual-market listing that could end up...
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01 July 02:00
Usiminas, Brazil's largest maker of flat steel, said it is selling 30 percent of its mining unit to Japan's Sumitomo Corp for $1.93 billion, in a bid to raise cash to develop its...
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01 July 00:30
SMART Technologies of Calgary is on the verge of one of the most highly anticipated Canadian tech IPOs in years…
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30 June 20:30
Yahoo Inc approved a plan to repurchase up to $3 billion of its common stock over the next three years, the company said...
Reuters News

28 June 15:00
Tata Motors plans to raise about 47 billion rupees ($1.02 billion) through a combination of shares, bonds, debentures and other equity-linked instruments to cut debt and grow its business...
Reuters News

28 June 06:59
Electric carmaker Tesla Motors raised the number of shares it will sell in its initial public offering by 20 percent, an early sign that investor interest in the startup is strong...
Reuters News

28 June 03:00
Venture capital heavyweights have recently placed their collective weight behind one IPO, that of Asian player HiSoft Technology International Limited…
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28 June 02:34
Ports operator DP World, postponed plans to seek a dual listing on the London Stock Exchange in a surprise move, saying it needed to find an acceptable system to support the listing...
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25 June 09:42
Japan's No.2 bank, Mizuho Financial Group, said it would raise a slightly higher-than-expected $9.6 billion in a previously flagged global offering that will boost its shares outstanding by 38 percent...
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25 June 07:00
Affinia Group Holdings Inc filed with the U.S. regulators to raise up to $230 million in an initial public offering (IPO) of common stock...
Reuters News

24 June 08:01
Abu Dhabi's Aabar took advantage of the weaker euro to buy a 4.99 percent stake in UniCredit worth $2.48 billion, becoming the Italian bank's second biggest shareholder, the chief executive of the...
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24 June 06:17
Insurance buyout vehicle Resolution has agreed to buy AXA's UK life arm, and its leading investors will cheaply underwrite half of a $3 billion rights issue to fund the deal...
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24 June 02:09
General Motors Co plans to file plans as soon as next week for a public offering of stock that could raise up to $20 billion in one of the largest U.S. IPOs ever, a person with knowledge of the preparations said...
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23 June 22:50
The AgBank IPO, which hopes to be the world's biggest at more than $23 billion, is s China's third-largest lender with $1.4 trillion in assets…
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23 June 03:10
Agricultural Bank of China will price the Hong Kong part of its likely record $23 billion IPO at no less than HK$2.80 a share, a top executive was quoted as saying by a Chinese financial newspaper on Wednesday…
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23 June 03:00
Four years ago, Pan Gongsheng was board secretary at Industrial and Commercial Bank of China and steered what is now the world's most valuable bank through its $21.9 billion IPO, the largest ever….
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22 June 21:02
The U.S. Federal Communications Commission approved Verizon Wireless's $2.35 billion wireless spectrum license sale to AT&T Inc...
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22 June 13:22
British oil giant BP has agreed to sell its French retail business to Israeli conglomerate Delek Group for 180 million euros ($241.5 million), Delek said...
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21 June 23:15
Guotai Junan International Holdings Ltd plans to raise up to $298 million in a Hong Kong initial public offering, according to a term sheet obtained by Reuters…
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21 June 07:02
The Kuwait Investment Authority has invested $800 million in Agricultural Bank of China, two sources said on Monday, giving Middle East funds a big slice of AgBank's likely record $23 billion IPO...
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21 June 03:55
Agricultural Bank of China has received an $800 million investment from the Kuwait Investment Authority, sources said, in a deal that means Middle East funds will take up more than half...
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20 June 19:34
The Agricultural Bank of China has chosen the banks to lead its more than $23 billion initial public offering, sources involved with the process said on Sunday, a move that finally sorts out the key roles for the deal...
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18 June 16:30
Solar panel maker Solyndra Inc has withdrawn its initial public offering plans and is raising $175 million by selling convertible promissory notes, citing "adverse" public market conditions...
Reuters News

18 June 05:20
Sovereign wealth funds from the Middle East, European banks, and Asia's third-richest person are said to have committed to invest in Agricultural Bank of China's IPO, likely to be the world's biggest at...
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17 June 11:29
Two U.S. initial public offerings opened above their IPO prices on Thursday while a third cut its offering and delayed its pricing...
Reuters News

17 June 07:12
British oil and gas company Fairfield Energy said it planned to raise $450-$500 million (304-337 million pounds) to build its North Sea business in a July listing on London's main market...
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17 June 02:00
Deal flow between companies based in Latin America’s hottest economy and the U.S. is picking up. Just this week, Brazilian food company Marfrig Alimentos announced an agreement to acquire...
Precedent Watch

16 June 18:02
Agricultural Bank of China (AgBank), seeking to raise more than $23 billion in the world's biggest initial public offering, will launch the Shanghai portion of its IPO this week, potentially stretching market liquidity and diverting funds away from rivals...
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16 June 12:35
HSBC Holdings will grow in profit and size in China as the powerhouse economy further opens up its capital markets and fuels growth, the group's chairman told Reuters in an interview on Wednesday...
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16 June 02:30
Deal patterns and pace seem likely to change, as carried interest taxation changes motivate private equity like few other things could. Congress, bolstered by public anger at Wall Street, is poised to enact...
Precedent Watch

15 June 09:30
The company said the IPO of 11.1 million shares will be priced at $14 to $16 per share...
Reuters News

15 June 04:10
Indian real estate firm Lodha Developers is in talks with several private equity funds to sell stake in a Mumbai project to build the world's tallest residential tower, its managing director said on Tuesday…
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15 June 02:00
China has come riding to the rescue of Canadian gold company Crystallex, which has been stuck in Venezuela's regulatory muck. From the terms of the agreement, it seems that Crystallex may have bet the farm...
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13 June 22:45
With around $3.8 billion in public offerings pulled from the Hong Kong Stock Exchange in the last few weeks, the dead deals reveal the impact of the sharp drop in China's stock markets and the global fears…
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11 June 01:00
Commercial real estate is still under water, but one sector is doing surprisingly well: data centers. The owners of data centers, often REITs, are...
Precedent Watch

10 June 23:50
Cornerstone investors for AgBank's Hong Kong-listed H-share offering are expected to invest between $100 million and $1 billion each, the sources said. Interested sovereign funds, which also include...
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10 June 12:30
South Africa's Life Healthcare, which made its stock market debut on Thursday, has teamed up with the World Bank's IFC private sector financing arm to help fund a move into foreign markets...
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10 June 01:00
The purifying waters of M&A washed over Culligan. After recently registering an initial public offering with the SEC, bottled water and water dispenser provider Primo Water Corporation has agreed to...
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09 June 22:20
Sources directly involved with the offering said sovereign funds, including China Investment Corp (CIC), Qatar, Kuwait and Temasek, were seen as likely buyers of pre-IPO stakes in AgBank, along with…
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09 June 16:00
AutoNavi Holdings Ltd, a provider of digital map content and navigation in China, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of...
Reuters News

09 June 03:00
Hedge funds, private equity firms, and boutique investments are taking on new roles and in the process are reshaping the face of capital markets. After the implosion of Lehman Brothers...
Precedent Watch

08 June 21:40
An executive with the Agricultural Bank of China on Wednesday dismissed as "nonsense" reports that its government shareholders were pushing it to postpone its planned share issue due to weak market conditions...
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07 June 22:35
Russian miner Petropavlovsk said it continues to explore strategic options for its iron ore operations, including a possible listing in Hong Kong, as it seeks to gain a better valuation for the business…
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06 June 23:05
Preliminary figures show that the bank appears to be in relatively good health, a remarkable turnaround considering it was technically insolvent in 2007. Still, China's last major lender to go…
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04 June 08:00
Electric vehicle developer and manufacturer Tesla Motors recently launched a $100 million initial public offering and agreed to the sale of...
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03 June 23:00
Sources with direct knowledge of the matter said the China Securities Regulatory Commission (CSRC) will release AgBank's preliminary prospectus late on Friday, which would offer key financial information on the company, not seen since the bank's year-end report in 2008…
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03 June 16:40
The jarring "flash crash" on May 6 yielded a record trading day at TD Ameritrade Holding Corp, though some of its customers were upset with the market breakdown that day, the U.S. online brokerage's chief said...
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03 June 08:46
Nielsen Holdings B.V., the world's largest TV and consumer measurement company, filed with U.S. regulators to raise up to $1.75 billion (1.2 billion pounds) in an initial public offering...
Reuters News

02 June 13:17
The Hinduja Group plans an $800 million to $1 billion Saudi initial public offering (IPO) this year of lubricants maker Petromin...
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02 June 03:59
Agricultural Bank of China may struggle to get the kind of valuation it wants as it gears up to launch the world's biggest IPO into a market that has slumped by a fifth in just six weeks...
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02 June 00:00
Among the key points under discussion in the world's most active IPO market is how much the company will float and what kind of valuation AIA could get from the offering…
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01 June 12:46
The Azrieli Group raised less than it wanted in the first phase of its initial public offering, saying that the aftermath of Israel's interception of a floatilla that killed nine activists sapped demand in the IPO...
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01 June 12:14
Zipcar Inc, a car-sharing service popular among college students and city dwellers, filed for an initial public offering worth as much as $75 million...
Reuters News

28 May 01:00
Solar companies spooked by recent subsidy cuts through Europe need not despair. As Chinese companies gain momentum, former non-PRC competitors are morphing into both buyers and vendors…
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24 May 04:00
The traditional exit paths for venture capitalists seeking the biggest bang for their buck were traditionally IPOs or M&A transactions. With a recent spate of venture-backed IPOs and acquisitions, it might seem like there is plenty of liquidity. But…
Precedent Watch

21 May 02:00
Once veiled by an iron curtain, more companies in the former Soviet bloc are stepping out of obscurity with western capital grabs as the curtain goes up on the economic performance of…
Precedent Watch

20 May 04:00
Israel’s high tech defense and avionics systems manufacturer Elbit Systems Ltd. announced earlier this week that it will issue a shelf prospectus valid for two years, thus allowing…
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19 May 01:30
The Prudential offering document has now been filed, and it is clear proof, if any was needed, of the dare we say monstrous size and complexity of this transaction. This was perhaps to be expected from a deal that is both the undoing of the now-notorious AIG and…
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11 May 08:00
Hong Kong’s stock exchange beckons with an equity market “siren song”, a song that is being heard by a growing number of foreign firms, from Asia and beyond. The debut this week of France’s L’Occitane…
Precedent Watch

10 May 10:00
A dizzying PE fund ping-pong match has been unfolding between public offerings and going privates, as shown by recent exits by Cerberus and Goldman Sachs affiliates…
Precedent Watch

06 May 09:00
Mortgage quality is in the hot seat, thanks to Goldman Sachs…and not only regarding litigation. New deal-doing is also driven by mortgages – and in a near-cinematic stroke of irony, this too is led by Goldman…
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05 May 04:00
Secondary offerings are getting a renewed second look, as companies like Dollarama and Brookfield turn back to equity markets, sometimes quite quickly after their prior offering. Many of these offerings offer all of the pain, but little of the gain, to issuers, as these are…
Precedent Watch

30 April 10:00
With Google gone, Baidu is not the only PRC company stepping up its game. China’s biggest e-commerce company, the Alibaba Group, is raising capital to support regional and global expansion…
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30 April 01:00
The M&A market is recovering, but even where proposed deals receive a federal seal of approval, state laws can complicate acquisitions and ruffle activist investors’ feathers. Ohio, for example, is home to a…
Precedent Watch

28 April 02:00
Hot on the heels of China Lodging’s New York IPO last month comes an offering by Home Inns and Hotel Management Limited…
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26 April 04:00
Following the “grass is always greener in listings” mantra, a Cayman Islands registered Chinese oil company, Beijing-based MIE Holdings Corporation, filed its prospectus with the SEC to sell American Depository Shares at…
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21 April 08:00
When ISE Limited of San Diego successfully completed its $20 million IPO on the Toronto Stock Exchange last month, it became the 150th U.S.-based company to be listed on the exchange. With a similar number of...
Precedent Watch

16 April 08:00
“Obama-care” has put some healthy energy into a patient left for sick not that long ago – private equity. Recent transactions involving Cerberus, Blackstone, and others reflect PE’s heightened appetite for health deals…
Precedent Watch

16 April 04:00
Offshore companies may enjoy substantial tax benefits, but must contend with a number of access issues when trying to break into the PRC market. Consider the advertising industry, which is fast becoming the apple of many foreign investors’ eye…
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09 April 06:00
China is one of the world’s largest auto markets, and everyone wants in. Along with a prolific number of European, Japanese and American auto makers fighting for a presence, PRC companies are…
Precedent Watch

06 April 02:00
Hedge funds and private equity firms are always on the lookout for a good deal. Of late, they seem to have found one – by using creative means of obtaining a tax subsidy through the master limited partnership structure…
Precedent Watch

05 April 11:00
Standard Chartered is to become the first overseas company to list in India via Indian Depositary Receipts. Standard Chartered has filed a draft prospectus…
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02 April 06:00
Dulled to glowing embers in 2009, the Canadian IPO market seems to be on fire again. There has been a flurry of filings by prospective fundraisers on the IPO front, including successful closings by...
Precedent Watch

30 March 06:00
In London’s first IPO of the year and the biggest since December 2008, African Barrick Gold, the London spin-off of the Canadian gold company’s African assets, has issued a Prospectus for…
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29 March 02:00
Throughout the economic rollercoaster of the past two years, we’ve seen many financial institutions fold. But one bank seemingly bucking the trend is Montana-based First Interstate BancSystem (FIB)…
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10 March 04:00
Oil wildcatters are seeking liquid gold in what was once one of the furthest corners of the British Empire, whether labeled the Falklands or Las Malvinas. Along with this quest has come a parallel quest for funding…
Precedent Watch

05 March 08:00
A little known, but recently notorious, corner of the commercial real estate world is actually going through an upsurge. Led by Passco, Inland, and American Realty Capital, it's powered by unique legal structures…
Precedent Watch

25 February 02:00
In the last few weeks, Travelport, Merlin Entertainments and New Look all have seen their IPOs pulled by their private equity owners, in the face of market volatility…
Precedent Watch

24 February 06:00
The AIM has just received a much-needed vote of confidence, in the form of an admittedly-small £6 million offering that comes with a couple of notable legal twists…
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05 February 06:00
High-performance electric vehicles manufacturer Tesla Motors is driving into the public U.S. market with a $100 million initial public offing (IPO)…
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02 February 04:00
Vringo, a video ringtone service provider, filed a registration statement for its IPO...
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27 January 17:00
More companies with a link to China and Asia Pacific are attempting to go public in the Unites States. Following this trend is Hong Kong-based start-up, Eastern World Solutions Inc…
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27 January 06:00
The IPO pipeline is hotting up in the UK, and Travelport’s announcement of its intention to undertake a total capital raising of approximately $2 billion (£1.24 billion) has started the first volley of London initial public offerings…
Precedent Watch

20 January 09:00
Ultimate Escapes Inc, a Florida-based company, filed a registration statement for up to $40,250,000 in common stock…
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07 January 09:00
Gold Dragon Enterprises, a China-based gold exploration company, recently filed its initial public offering with the SEC. Gold Dragon is offering up to 2 million shares of…
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06 January 06:30
While much of the news has been focused on bettering balance sheets, weakened UK companies are actually engaged in twin processes of recapitalisation and cost control. Recent debt and equity offerings reveal that...
Precedent Watch

06 January 06:30
Making sense of the 2009 U.S. capital markets is no easier than peering into the capital market’s crystal ball for 2010. Clear trends like spinoffs, Chinese IPOs, and junk bonds drove the equity and debt markets during 2009 and these trends could drive the market in 2010…
Precedent Watch

05 January 15:30
Capital market activity is starting out with some big offerings for 2010. Missouri-based Charter Communications Inc has filed with the SEC an offering of…
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23 December 07:00
Frankfurt’s gain has been the NYSE’s loss, in both listings and trading. Global players from Allianz to China’s Vtion to Xetra have made this happen…
Precedent Watch

22 December 08:30
Avista Corp, a Washington corporation, has entered into an Amended and Restated Sales Agency Agreement with BNY Mellon Capital Markets LLC...
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21 December 06:00
Chinese issuers continue to seek access to western capital pools, with Toronto joining New York and even Frankfurt as favored western offering markets. In return, China-based companies are being received with open arms by the Canadian markets, though their disclosures continue to portray a hint of skepticism…
Precedent Watch

18 December 08:00
The bailout benefits continue to flow from the Term Asset-Backed Securities Loan Facility (TALF). Chrysler Financial Services Americas (CFSA) is launching a new $18.7 billion auto receivable securitization…
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15 December 09:00
Brazilian government controlled and one world’s largest integrated oil and gas companies Petrobras – Petróleo Brasileiro S.A. may issue debt securities, warrants, preferred shares, mandatory convertible securities and guaranties, and…
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15 December 09:00
TransCanada PipeLines Limited, a leader in the responsible development and reliable operation of North American energy infrastructure, launched a $3 billion shelf offering of debt securities…
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15 December 05:00
As the credit crunch seemingly wanes, more and more companies are willing to take the risk and enter financial markets for the first time. The latest company to join this group is Financial Engines…
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14 December 08:00
China Hydroelectric Corporation, a New York-based Cayman Islands company, debuted this week on the New York stock exchange with an offering of over 3,000,000 American depositary shares.….
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14 December 07:00
Green Star Mining Corp. announced its CEO has resigned after selling her 60% interest to…
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14 December 07:00
Solar Thin Films previously amended purchase agreement between the company and Zoltan Kiss, a former director, and his children was terminated by a mutual agreement....
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10 December 19:00
Northstar Healthcare Investors Inc launched a $200 million dollar initial public offering. Northstar was organized to qualify as a real estate investment trust that focuses on the acquisition…
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10 December 16:00
Education services provider Princeton Review is raising both debt and equity in its effort to recapitalize. The company recently secured additional debt in the form of...
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10 December 06:00
Over the last few years, several European (and, more specifically, German) companies have delisted from the NYSE, instead favoring an exchange closer to home – in many cases, Frankfurt…
Precedent Watch

08 December 08:00
Sino Gas International Holdings, a China based company, filed a guaranty agreement and shareholder lock up agreement in connection with the purchase of up to $10 million…
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07 December 16:00
Goldman Sachs Credit Strategies Fund, a newly-organized closed-end management investment company, plans to raise $811.5 million through a primary offering of common shares...
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04 December 07:00
European bond issuances are not only up, they are sky high. Driven by the likes of Virgin Media, Fiat, Lloyds, and Britannia Building Society, both conventional and unconventional structures are rising. Only a year ago, in the midst of…
Precedent Watch

03 December 15:30
The real estate investment trust (REIT) market, after its brief decline this fall when a number of REITs pulled back on their planned offerings, REITs may again be on the upswing…
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02 December 07:30
RedPrairie Holding Inc, a Wisconsin company has announced the filing of a $172.5 million initial public offering …
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02 December 07:00
Piedmont Office Realty Trust, Inc. has made public all of its Class A common stock in an offering worth $345 million...
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02 December 06:30
Corporate carve outs seem to be spinning, ever faster. The upcoming spin-off by Time Warner of AOL signals both the end of an era and as the dawn of a new age of spinoffs. Joined by players like Rio Tinto and Bristol-Meyers Squibb, to name but a few, companies are using white-hot equity markets to unload assets or raise cash…
Precedent Watch

01 December 14:00
As part of the continuing wave of bank changes, both Mercantile Bancorp and Waterstone Financial have just announced their own raft of changes. Mercantile, after receiving a second waiver for...
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25 November 14:00
Telegent Systems Inc, a semiconductor company based in California, disclosed to the SEC its $250 million initial public offering with the SEC…
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25 November 08:00
Fabrinet, an optical communications company based in Thailand, announced the filing of $150 million initial public offering with the SEC. Law firms for the offering include…
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25 November 08:00
Fortune Brands, the maker and seller distilled spirits and golf clubs, issued and sold $400 million in notes. The company plans to use the funds for general corporate purposes, which may include…
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25 November 06:00
There has been a noticeable uptick in companies disclosing “Wells Notices” as the SEC is bearing its enforcement teeth. Many of the recent notices target executive compensation, subprime and other areas related to financial services. The recent raft…
Precedent Watch

23 November 15:00
Much in the spotlight ever since executing what the Wall Street Journal called “the greatest trade ever”, hedge fund manager Paulson & Co. is making a significant investment in insurance holding company Conseco…
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19 November 08:00
The Bristol-Myers Squibb Company is taking another step in its carve-out of Enfamil infant formula maker Mead Johnson Nutrition Co. Bristol is offering its shareholders the option to…
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18 November 15:30
After years of reorganization, Archipelago Learning, an online education company, went public in an offering of common stock worth $75 million. In January 2007, Providence Equity Partners…
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18 November 06:00
Initial public offerings and disclosures go hand in hand and IPO activity continues to be strong. Many of the issuers of the uptick are…
Precedent Watch

17 November 12:00
Cloud Peak Energy, Rio Tinto’s U.S. coal unit, has filed a credit agreement in anticipation of completing its initial public offering. Cloud Peak and Rio’s devolution is the latest in a string of corporate spin-offs and carve-outs to hit the public markets…
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16 November 16:00
Energy continues to flow through the energy industry. Following its IPO earlier this year, Solarwinds is back in the market with the announcement it has priced 12 million shares of common stock at 18.75 per share…
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16 November 13:00
Cathay General Bancorp, a California-based holding company, filed a shelf offering to raise up to $200 million in a combination of common stock, preferred stock, debt, warrants and...
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12 November 09:30
Investment bank Thomas Weisel Partners Group, Inc plans to raise $100 million in a universal shelf offering…
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12 November 06:00
IPOs are back, with their “plus one”: tightened underwriting agreements. Though companies like Dollar General, Ancestory.com, Hyatt Hotels and Calpine have all recently raised funds in the equities markets…
Precedent Watch

10 November 15:30
Lear Corporation announced in an SEC filing that it has entered into a Warrant Agreement with Mellon Investor Services LLC, a New Jersey-based LLC, as the warrant agent…
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06 November 08:45
Citigroup Inc is planning to relaunch Citi Alternative Investments (CAI), a unit that contains its hedge fund operations…
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06 November 06:00
PIPEs aren’t just stock price killers anymore. Prominent companies like Kodak, General Electric, and even Goldman Sachs have used PIPEs to buttress their capital structures. Not only that – they are…
Precedent Watch

05 November 15:00
Investors snapped up the shares of Hyatt Hotels Corp in their debut on Thursday, enticed by the company's strong balance sheet and prospects for a robust rebound in the lodging industry in…
Reuters News

04 November 12:00
Direcional Engenharia, a Brazilian building company, said on Wednesday that it was seeking to raise up to 228 million reais...
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03 November 14:00
In connection with Hyatt Hotels’ planned IPO, the company filed stockholder agreements on Monday. The two agreements govern the sale of stock by the Pritzker decedents and other trusts…
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30 October 11:30
There was yet another sign of activity in the metals industry this week: Olympic Steel Inc, an Ohio corporation, has proposed to sell up to $75 million in…
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29 October 15:00
In the latest bank recapitalization, West Coast Bancorp has entered into investment agreements to raise $155 million from 20 separate investors. This move follows a cease…
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28 October 10:00
In an update to yet another IPO, Maryland Real Estate Investment Trust Aviv REIT is still finalizing its $200.5 million IPO and piggyback offering...
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27 October 07:00
Delaware, meet your match. Companies from Capmark Financial to China Pediatric Pharmaceuticals have been all over the news lately. For reasons having nothing to do with…
Precedent Watch


01 September 17:39
Australian energy firm Santos Ltd plans to raise as much as A$2 billion ($1.8 billion) in a rights issue to fund its Curtis Island liquefied natural gas project, The Australian newspaper said...
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26 August 02:42
Kuwaiti carrier Jazeera Airways said it was cancelling a premium on a planned rights issue and it expects support from its shareholders and lenders to provide liquidity...
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20 August 01:00
Money flowing out of China in the form of outbound investment has been popping up in record amounts in the form of international listings, overseas acquisitions and…
Precedent Watch

16 August 11:03
Dell Inc plans to buy data storage company 3PAR Inc for $1.15 billion in cash, expanding its cloud computing business to compete with other technology services companies like IBM...
Reuters News

03 August 21:32
State-controlled Thai Airways International Pcl has proposed a 20 billion baht ($620 million) rights offering to pay off debt, but the Finance Ministry will decide the final amount...
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15 July 02:00
A group of former Israeli Air Force fighter pilots has taken a dogfight to the boardroom as Israel’s Magal Security Systems braces for a potentially bruising proxy battle…
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12 July 02:00
In a sudden blast from the past, details of the US$1 billion deal between China Unicom and Spain’s Telefonica last year have finally been disclosed. The subscription agreement...
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07 July 02:46
ICBC, the world's most valuable lender, may raise up to $6.6 billion in new funding, sources said, joining Agricultural Bank of China, which priced its IPO to be the world's largest, in a rush to raise billions of dollars...
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02 July 08:20
Bank of China Ltd, China's No.4 lender, plans to raise up to 60 billion yuan ($8.8 billion) through a rights offer, the company said in a statement...
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25 June 05:17
PT Bakrie & Brothers, the holding company for Indonesia's Bakrie family, said on Friday it was considering a rights issue for PT Bakrie Telecom...
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17 May 06:00
In an attempt to fatten up its finances, a well known Chinese fitness company plans to offer sweet retainers not only to its customers but to venture capitalists as well…
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13 May 03:00
Ron Burkle wants to buy some books, but Barnes & Noble isn’t proving very accommodating. Burkle’s Yucaipa American Alliance amassed a position in…
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30 April 10:00
With Google gone, Baidu is not the only PRC company stepping up its game. China’s biggest e-commerce company, the Alibaba Group, is raising capital to support regional and global expansion…
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19 April 01:00
Typically used to prevent major shareholders from devaluing a company’s shares during its initial trading period, the IPO lock-up is tying one family down to its business interests. Earlier this month, NASDAQ-listed TTM Technologies Incorporated…
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08 March 08:00
Smart money investor John Paulson is placing his bets on SuperYellowPages’ emergence from bankruptcy. After emerging from reorganization under Chapter 11 and incurring more than $9 billion in...
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06 November 08:45
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and…
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30 August 02:30
As the world’s derivatives markets race to take over global competitors, the potential impact of Dodd-Frank looms large...
Precedent Watch

25 August 02:00
American International Group Inc is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA...
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24 August 00:30
Dodd-Frank has struck again. First, changes to credit ratings agency liability standards agitated the debt markets, and now swaps are the target. In a recent call for public comment, the SEC and CFTC have requested…
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20 August 00:30
The pharma industry must be taking activity-boosting drugs, to judge from the quickened deal pace over the last week. The spate of recent deals includes two mergers, a PIPE, a private placement, and an IPO...
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19 August 04:19
Thai Airways International Plc said it was reviewing plans for a budget airline alliance with Singapore's Tiger Airways after two big Tiger shareholders and its chief executive sold discounted shares in...
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18 August 12:46
Investors scared off by Dubai's debt crisis are taking a new look at government-related entity debt in the United Arab Emirates, but broad reforms are needed as well as competitive pricing to develop the secondary market...
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05 August 18:00
The “swaps push-out” requirement in Dodd-Frank could have a material impact on the way in which banking institutions structure their U.S. derivatives operations.  Yet this is not the last word on derivatives regulation, as the legislation explicitly delegates to the SEC and CFTC broad rulemaking authority over derivatives…
Precedent Watch - Guest Author

05 August 10:30
Embratel, the Brazilian phone group controlled by billionaire Carlos Slim, offered to buy all the preferred stock it does not already own in pay-TV company Net Servicos...
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05 August 00:30
Public companies, whether acting as landlords or tenants, are dreading a rule-driven earthquake, rumbling amidst the property beneath their very feet...
Precedent Watch

04 August 00:30
Channeling the ghost of Joseph Heller, Israel’s Bezeq announced this week a special tender offer for 5% of the shares of Walla! Communications, Ltd., the ebay of Israel…
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02 August 02:00
China Ceramics, a producer of building tiles, is taking steps to protect itself against unannounced takeovers through a three-step buyback of some of its shares issued …
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30 July 02:00
In a too-good-not-to-be-true story, Lisboa Leisure, Inc. will conduct an initial public offering in hopes of realizing $32,000 in proceeds…
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28 July 22:20
Malaysian billionaire Ananda Krishnan is set to buyout utilities and gaming company Tanjong Plc, the second of his listed firms in three days in a deal worth 4.4 billion ringgit ($1.38 billion)...
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28 July 03:00
Subprime chickens are still coming home to roost for hedge funds like Highland Capital Management and one-time fund operator Carlyle Group, which have been the targets of recent lawsuits…
Precedent Watch

27 July 12:58
BP Plc said the U.S. markets regulator Securities and Exchange Commission and the Justice Department had launched a probe into market trading connected to the oil giant's Gulf of Mexico oil spill...
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27 July 12:16
Goldman Sachs said it is launching a service to facilitate central clearing for clients in all listed and privately traded derivatives asset classes...
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20 July 08:30
Dubai aims to set up an alternative stock market for small-to-medium sized firms in a bid to create more exit options for the region's private equity sector...
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19 July 02:00
India is gaining new corporate renown as, via acquisitions and exchanges, its companies migrate worldwide…
Precedent Watch

18 July 00:30
In a move which signals Dubai’s recognition of fund management as a core business, the emirate has amended its regulatory regime to ease burdens on…
Precedent Watch

16 July 00:15
Buy shares in a leading British company and you might be buying more than you bargained for, as emerging market deals come into play…
Precedent Watch

15 July 01:30
REITs may reel from re-regulation of financial services, even while reform rings out across the land. Not all REITs are affected equally, however, exposing players like...
Precedent Watch

13 July 01:00
Whilst stock market wobbles continue to disrupt the IPO plans of many, a few surprisingly risky companies have managed to get their equity issues off the ground recently…
Precedent Watch

11 July 01:00
Taking public companies private ascribes new meaning to the Latin maxim, e pluribus unum. Abu Dhabi’s publicly listed Aabar Investments PJSC has announced
Precedent Watch

06 July 03:08
Gulf stock markets will miss out on getting on the global investment map unless regulators take concrete action to address concerns raised by MSCI, who denied the region emerging market status for the second year running...
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29 June 00:30
Bankruptcy, even Chapter 11 reorganization, usually completely wipes out the company’s shareholders. But Smurfit Stone Container and…
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27 May 02:00
The TARP era takes another step toward closure as Wells Fargo & Co recently announced its acquisition of the U.S. Treasury’s warrants issued at the height of the financial crisis...
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24 May 04:00
The traditional exit paths for venture capitalists seeking the biggest bang for their buck were traditionally IPOs or M&A transactions. With a recent spate of venture-backed IPOs and acquisitions, it might seem like there is plenty of liquidity. But…
Precedent Watch

21 May 02:00
Once veiled by an iron curtain, more companies in the former Soviet bloc are stepping out of obscurity with western capital grabs as the curtain goes up on the economic performance of…
Precedent Watch

06 May 08:00
Having proliferated with head-turning abundance, exchanges in the Middle East & North Africa region may be feeling the squeeze of Adam Smith’s invisible hand…
Precedent Watch

05 April 11:00
Standard Chartered is to become the first overseas company to list in India via Indian Depositary Receipts. Standard Chartered has filed a draft prospectus…
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24 February 06:00
The AIM has just received a much-needed vote of confidence, in the form of an admittedly-small £6 million offering that comes with a couple of notable legal twists…
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08 February 08:00
Following Javelin Investment Management LLC’s July 2009 launch of America’s first Shariah-compliant index fund, a similar Islamic investment vehicle appears to be inching closer to reality…
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15 January 06:00
The London Stock Exchange is remaking itself, in a clear quest not only to retain its dominance in the UK, but to grow it. With DP World and Pearl recently announcing planned Premium Listings on the LSE, the message is clearly getting out. Less publicized, though, is the challenge posed to …
Precedent Watch

06 January 06:30
Making sense of the 2009 U.S. capital markets is no easier than peering into the capital market’s crystal ball for 2010. Clear trends like spinoffs, Chinese IPOs, and junk bonds drove the equity and debt markets during 2009 and these trends could drive the market in 2010…
Precedent Watch

04 January 06:30
Despite the Christmas excess, UK investors are developing a ferocious appetite for venture capital trusts. Recent months have seen British investors hungrily moving out of pension schemes and into…
Precedent Watch

17 December 08:00
In a landscape-shaking move, last week Chicago Board Options Exchange received the official go ahead to form a second national exchange from the Securities and Exchange Commission...
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14 December 07:00
Solar Thin Films previously amended purchase agreement between the company and Zoltan Kiss, a former director, and his children was terminated by a mutual agreement....
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19 November 08:00
FINRA has proposed to amend its trade reporting rules. The amendments affect over-the-counter (OTC) trades, by reducing the reporting requirement from 90 seconds to 30...
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19 November 08:00
After months of discussion, the SEC has finally taken official aim at so called “dark pools”. A set of recently proposed rules will limit the exemptions in which that dark pools currently operate...
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02 September 22:00
(Reuters) Australian iron ore miner Fortescue Metals <FMG.AX> and its CEO have been sued by the company's third-largest shareholder to stop it from raising funds, citing a breach of a 2006 funding deal, an accusation Fortescue denied.
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02 September 12:55
U.S. securities regulator is looking into a Wall Street trading practice in which unusually large numbers of orders to buy or sell stocks are placed in a fraction of a second...
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02 September 10:13
Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to be bought by investment firm 3G Capital for $24 per share, or about $3.26 billion...
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02 September 01:00
The shaky global economy has elevated dividend-paying stocks from dowdy has-beens to stalwart soldiers. Yet the legal issues associated with dividends can prove a tangled web…
Precedent Watch

01 September 05:30
China's Brightoil is wrestling with top players BP and Shell for leadership of the world's largest fuel oil market, in a tough trading climate that makes it difficult for any...
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01 September 00:30
In March 2009, Kinross Gold helped Harry Winston Diamond Corp bolster its balance sheet, by investing $150 million in the company. But less than a year and a half later that deal has been dismantled…
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31 August 02:00
Central African Gold Plc, Business Acquisition Report...
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31 August 00:15
There seems to be a real-life Rock ‘Em Sock ‘Em Robot battle unfolding within the real estate industry, amid the foreclosure proceedings of Tishman Speyer’s failed Stuy-town project...
Precedent Watch

30 August 01:00
The China Banking Regulatory Commission’s stern words to banks recently, intended to crack down on off-balance sheet loans, may be falling on half open ears. While the CBRC is empowered to…
Precedent Watch

27 August 11:41
Nigeria will hand over management of its electricity grid to a Canadian, Indian or Irish firm by year-end as it embarks on the multi-billion dollar privatisation of its dilapidated power sector, a top official said...
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27 August 11:05

Billionaire investor Carl Icahn has increased his holding in Motorola Inc to about 10.4 percent, according to documents the company filed with the U.S. Securities and Exchange Commission...

Reuters News

27 August 09:10
Prices of safe-haven U.S. Treasuries fell after data showed economic growth wasn't as weak as feared in the second quarter, leading to a bout of profit-taking in the...
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27 August 08:49
Plans to make hybrid bond investors share the pain when banks run into trouble could polarise the financial sector into big firms that can afford to pay up for capital and smaller players that cannot...
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27 August 00:45
Rumoured to be gunning for a large chunk of American utility company InterGen, China’s leading electricity producer appears to be…
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27 August 00:30
Going-private might seem like a life of luxury for a company, allowing it to leave behind worries surrounding public share prices or reporting requirements. But getting there can be a hair-raising legal journey…
Precedent Watch

26 August 07:11
The Federal Reserve has begun taking the first steps to crack down on debit-card transaction fees, with the battle between merchants and banks moving from the legislative to the regulatory arena...
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26 August 02:30
Leveraged buyouts may be back, but not without a push from some unusual deal terms and structures…
Precedent Watch

25 August 20:00
Distributing new varieties of drought tolerant maize to African farmers could save more than $1.5 billion dollars, boost yields by up to a quarter and lift some of...
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25 August 16:03
Blackstone Group LP urged a federal appeals court not to revive an investor lawsuit accusing it of hiding bad investments before raising $4.7 billion in its 2007 initial public offering...
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25 August 15:19
Even as UBS launches a global campaign to revive its banged-up brand, the Swiss bank's U.S. brokerage faces another costly and embarrassing wave of regulatory actions...
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25 August 08:30
Royal Dutch Shell Plc and Brazilian sugar and ethanol giant Cosan signed a binding agreement to create a global ethanol business, looking to benefit from growing demand for biofuels...
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25 August 08:30
A big high-frequency trading firm faces possible civil charges by regulators after its computer ran amok and sparked a frenzied $1 surge in oil prices in February...
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24 August 20:26
Japan's Ministry of Finance may consider unilateral yen-selling market intervention if speculators drive up the currency, the Nikkei newspaper reported, after failed attempts to verbally curb sharp yen gains...
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24 August 18:28
Bankrupt Canadian newsprint producer AbitibiBowater Inc said the government of Canada will pay it C$130 million to settle a claim seeking compensation from a province for...
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24 August 16:23
Financial markets are knocking down a wall of debt maturity that has endangered the U.S. economic recovery and threatened to push more companies into bankruptcy...
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24 August 15:27
Shares in Dell Inc dived more than 5 percent on a report the PC maker is preparing to sweeten its bid for 3PAR Inc, after its offer was trumped by larger rival Hewlett-Packard Co...
Reuters News

24 August 00:30
Dodd-Frank has struck again. First, changes to credit ratings agency liability standards agitated the debt markets, and now swaps are the target. In a recent call for public comment, the SEC and CFTC have requested…
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23 August 11:47
A man accused with his girlfriend of operating a "brazen" insider trading scheme involving Walt Disney Co stock pleaded guilty to conspiracy and fraud...
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23 August 10:30
PrivateRaise, a service of DealFlow Media, Inc., today announced the launch of its new PIPE Portfolio Manager solution. Available exclusively within the PrivateRaise suite of products...
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23 August 05:25
Oil and gas company SM Energy Co plans to raise at least $300-$500 million over the next 12 months via joint venture agreements and sale of assets, including...
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22 August 02:08
Billionaire financier George Soros has bought a 4 percent holding in Bombay Stock Exchange for about $35 million, two sources with direct knowledge of the deal told Reuters...
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20 August 00:30
The pharma industry must be taking activity-boosting drugs, to judge from the quickened deal pace over the last week. The spate of recent deals includes two mergers, a PIPE, a private placement, and an IPO...
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19 August 00:30
While Canada is a long, long way from matching the U.S. when it comes to securities class action claims, 2010 is proving to be a pivotal year in the development of such litigation...
Precedent Watch

18 August 06:38
U.S. private equity firm Lone Star has decided to scrap its plan to sell a majority stake in Korea Exchange Bank worth $4 billion at current market price because of weak demand from...
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18 August 03:09
General Motors and China's SAIC Motor Corp deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the...
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18 August 02:30
A $25 million sideline acquisition has gushed into a $750 million merger between Nabors Industries and Superior Wells Services…
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18 August 02:00
The SEC is continuing its regulatory makeover of the municipal bond or “muni” market. The Commission has approved...
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17 August 22:40
China Huaneng Group, the nation's biggest electricity producer, is in advanced talks to buy a 50 percent stake in U.S.-based power utility InterGen NV for about...
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17 August 15:00
Manulife Financial Corp sold C$900 million ($874 million) of five-year notes, according to a term sheet seen by Reuters...
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17 August 07:40
"Dark pools" and other alternative trading systems are not as big a threat to Asia's bourses as they are for their western counterparts, given regulators' reluctance to...
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17 August 04:51
China took a new step on Tuesday to promote the use of the yuan beyond its borders, a strategic initiative to raise the global profile of the currency while retaining capital controls to shield its economy from speculators....
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17 August 01:00
Forget about politics, the biggest divide in the U.S. is between stock and bond investors, who aren't so much arguing as speaking entirely different languages...
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16 August 15:40
Fund giant Fidelity Investments sharply raised its holdings of oil firm Exxon Mobil in the second quarter, a filing showed, though it reduced other large positions including stakes in Google Inc and...
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16 August 14:30
Billionaire activist investor Carl Icahn said he has added energy companies NRG Energy Inc and Anadarko Petroleum Corp to his portfolio, and sold off most of his...
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16 August 12:37
Chinese cement producer West China Cement Ltd raised US$179 million after pricing its Hong Kong initial public offering at top of an indicated range, sources familiar with the deal said...
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16 August 11:03
Dell Inc plans to buy data storage company 3PAR Inc for $1.15 billion in cash, expanding its cloud computing business to compete with other technology services companies like IBM...
Reuters News

16 August 09:30
Veeco Instruments Inc agreed to sell its metrology business to scientific instrument maker Bruker Corp for $229 million in cash, to focus on process equipment for the LED...
Reuters News

16 August 08:20
Vedanta Resources plans to spend up to $9.6 billion clinching control of Cairn India, giving billionaire mining magnate Anil Agarwal a slice of India's oil reserves and...
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16 August 01:00
Despite the PRC State Council’s reaffirmation of its continued support for foreign direct investment, the terms of a recent FCPA settlement between the SEC and General Electric has some U.S. investors pausing to cross their legal Ts and dot their due diligence Is…
Precedent Watch

16 August 00:00
With wheat prices soaring, so too is wheat price speculation, as illustrated by SGA Société Générale Acceptance N.V., a special purpose vehicle…
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15 August 21:02
RSA has secured backing from three major banks for at least 5 billion pounds ($7.8 billion) in equity if the British insurer can pursue its bid for Aviva's non-life unit in the UK, Canada and Ireland...
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15 August 17:01
Agricultural Bank of China (AgBank) said it had fully exercised an over-allotment option for the Shanghai portion of its initial public offering, taking total proceeds from the offer to...
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12 August 13:30
Barnes & Noble could not reach a deal to end a rift with billionaire investor Ron Burkle, casting doubt on the top U.S. bookselling chain's ability to attract buyers and...
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12 August 03:28
Trading-focused Hyundai Group said its group firms would bid for a $2.4 billion stake in Hyundai Engineering & Construction put up for sale by creditors...
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12 August 02:30
Liberty Media Corp. has turned to the courts to grease the skids for a proposed “split−off.” Liberty, a multi-faceted conglomerate with more than $16 billion in assets, has filed…
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11 August 21:17
Australian airport operator MAp Airports said it expects to sell its 16 percent stake in Mexican airport operator Grupo Aeroportuario del Sureste de Mexico or Asur for $207 million...
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11 August 21:00
Luigi Lavazza S.p.A has agreed to invest $250 million in Green Mountain Coffee Roasters Inc under a common stock repurchase agreement...
Reuters News

11 August 12:30
Unsecured creditors of Capmark Financial Group Inc are looking to recover $1.5 billion in alleged fraudulent transfers made by the bankrupt commercial real estate company...
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11 August 07:45
China has been buying record amounts of Japanese government debt because it is less risky than U.S. debt, at least in the short term, a Chinese government economist said...
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10 August 11:36
For once, Sao Paulo's horrid traffic could help a local company get somewhere...
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10 August 09:15
Oil major Exxon Mobil is still working with Qatar Petroleum on a planned $6 billion petrochemicals complex, a spokesman for the U.S. firm said...
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10 August 07:00
Clean energy project developer Camco International said it had bought a portfolio of carbon offsetting projects from U.S. developer Greenhouse Gas Services...
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10 August 05:45
U.S. hedge fund Harris Associates has upped its stake in JJB Sports to 17.9 percent, making it the largest shareholder in the struggling British sportswear retailer...
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09 August 06:00
CVC Capital Partners is buying a majority stake in food and drink vending machine operator Autobar from its rival Charterhouse...
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09 August 02:00
Hedge fund investor William Ackman has bought a slice of debt on Stuyvesant Town/Peter Cooper Village and could become the next owner of the...
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08 August 20:26
China bought a net 508.0 billion yen ($5.94 billion) in short-term Japanese bills in June, extending a record buying spree of Japanese debt seen since the start of the year...
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06 August 11:15
British private equity group 3i is planning to sell two German companies for more than 1 billion euros ($1.32 billion)...
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06 August 10:39
Sprawling Anglo-South African financial conglomerate Old Mutual reported forecast-beating half year profit and said it had sold its U.S. life insurance business in a drive to simplify its structure...
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06 August 02:00
The delisting of Hutchison Telecommunications, which has been in the works since early 2010, recently drew attention from New York securities regulators, who honed in on…
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05 August 18:00
The “swaps push-out” requirement in Dodd-Frank could have a material impact on the way in which banking institutions structure their U.S. derivatives operations.  Yet this is not the last word on derivatives regulation, as the legislation explicitly delegates to the SEC and CFTC broad rulemaking authority over derivatives…
Precedent Watch - Guest Author

05 August 12:36
Goldman Sachs Group Inc is planning to shift its principal strategies business into a fund that raises outside money, Bloomberg reported, citing a source with direct knowledge of the plan...
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05 August 10:30
ANZ Banking Group Ltd sold $500 million of floating-rate notes in the 144a private placement market, said a source familiar with the deal...
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05 August 09:00
A number of private equity firms are interested in taking a look at Barnes & Noble, with names including Bain Capital, Apollo, TPG Capital and others...
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04 August 12:00
The Hong Kong Securities and Futures Commission's recent update on the deterioration of standards in listing applications has led some in the industry to call for...
Precedent Watch

04 August 09:11
Kuwait appointed Citigroup Inc., Ernst & Young and an aviation services firm to handle the privatisation of the Gulf state's national carrier...
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04 August 08:59
American authorities are investigating the U.S. division of global banking group HSBC over its compliance with anti-money laundering procedures, according to a regulatory filing...
Reuters News

04 August 08:15
Regional airline SkyWest Inc said it agreed to acquire the shares of ExpressJet Holdings Inc it does not already own for about $133 million in cash in the...
Reuters News

03 August 10:54
Troubled Mexicana de Aviacion has filed for creditor protection in Mexico and the United States after management and employees failed to agree on wage and staff cuts to keep the debt-ridden airline flying...
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03 August 07:11
Sanofi-Aventis sent a takeover proposal valued at about $18.4 billion, or $69 per share, to biotechnology company Genzyme Corp and the two sides are discussing the offer...
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03 August 01:56
Kuwaiti telecom Zain could be nearing the end of a year-long stake sale saga, with Abu Dhabi-listed Emirates Telecommunications thought to be running the rule over its regional rival...
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02 August 21:00
Medium-sized Chinese brokerage GF Securities said it planned to raise up to 18 billion yuan ($2.65 billion) in a private share placement to help it...
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02 August 15:49
U.S. securities regulators are investigating whether people may have illegally profited from trading on nonpublic information at BP Plc in the weeks and months following...
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02 August 15:17
HSBC's North American chief executive expects the new U.S. financial reform law to cost it at least $110 million in annual revenue...
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02 August 12:23
UBS AG said it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S...
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02 August 02:00
China Ceramics, a producer of building tiles, is taking steps to protect itself against unannounced takeovers through a three-step buyback of some of its shares issued …
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02 August 01:54
Goldman Sachs said that it believed its trades with the bailed out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG...
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02 August 00:15
The federal government has laid down its cards in the battle for supremacy over Canadian securities legislation. With the release of a proposed transition plan earlier…
Precedent Watch

30 July 02:00
Reverse takeovers are on the uptick, as is the legal complexity that rides alongside them, sometimes stopping them in their tracks. Fueling this is an increase in UK cash shells, and both LSE and AIM companies benefit…
Precedent Watch

30 July 01:30
As luxury retail sputters, high end retailer Neiman Marcus seems to be attempting to inject new life into its existing employees by way of new compensation incentives…
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29 July 07:45
Russia will open its most ambitious privatization programme since the 1990s to foreign investors, its economy minister said, while the government gave its initial approval to the...
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29 July 03:00
The legal side effects of financial reform legislation are already creeping into the market. While many of the changes envisioned under Dodd-Frank will take place years into the future, one of its immediate effects is…
Precedent Watch

28 July 22:20
Malaysian billionaire Ananda Krishnan is set to buyout utilities and gaming company Tanjong Plc, the second of his listed firms in three days in a deal worth 4.4 billion ringgit ($1.38 billion)...
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28 July 12:30
HealthGrades Inc, which provides ratings and profiles on hospitals, nursing homes and physicians, agreed to be acquired by Vestar Capital Partners, a private equity firm...
Reuters News

28 July 10:59
A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages...
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28 July 10:56
After years of seeking a cost-cutting merger in stainless steel, ArcelorMittal is giving up the fight and says it wants to spin off its activities instead...
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28 July 10:00
Spain's Telefonica has won its battle for a bigger share of the burgeoning Brazilian market, raising its offer for Portugal Telecom's stake in mobile operator Vivo to...
Reuters News

28 July 03:00
Subprime chickens are still coming home to roost for hedge funds like Highland Capital Management and one-time fund operator Carlyle Group, which have been the targets of recent lawsuits…
Precedent Watch

28 July 02:00
General Motors does not want to leave things to chance when it comes to its announced $3.5 billion merger with AmeriCredit. The auto giant has locked up...
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28 July 01:00
Contrary to other industries’ credit woes, Israel’s cash-laden Radvision has announced an offer to repurchase nearly a million of its shares representing 5% of the company’s voting power…
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28 July 00:15
Canadian issuers, including MDS, Genworth MI and ACE Canadian Holdings, are together spending billions buying back their own shares, a sign some view as evidence that…
Precedent Watch

27 July 22:00
A botched share swap last month in which 10 times more US Bancorp shares were issued than planned, angering and confusing investors, led the NYSE to cancel three days of trades in the stock...
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27 July 19:00
Casino operator MGM Resorts International plans to sell the land under its joint-venture Borgata resort in Atlantic City, New Jersey, for about $73 million...
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27 July 17:10
The following are lists of upcoming high-grade and high-yield corporate bond offerings in the United States...
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27 July 12:58
BP Plc said the U.S. markets regulator Securities and Exchange Commission and the Justice Department had launched a probe into market trading connected to the oil giant's Gulf of Mexico oil spill...
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27 July 12:00
Major international banks Goldman Sachs and Credit Suisse have bought small stakes in state-run Bank of Moscow, an encouraging sign for Russia as it...
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27 July 09:30
JFE Holdings Inc, the world's No.5 steelmaker, will spend about $1 billion for a 14.9 percent stake in India's JSW Steel Ltd, in an attempt to...
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27 July 09:00
Tomkins Plc, the British maker of car parts, industrial hoses and bath tubs, backed a 2.9 billion pounds ($4.50 billion) takeover offer from Canadian investors that...
Reuters News

27 July 07:50
) The new laws are part of the west's latest attempt to pressure Tehran to drop its nuclear enrichment program, limit financial transfers and ban deals with the...
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27 July 07:00
Over one-third of investors expect Europe's banks to raise significant capital in the next six months following a health check that forced little fundraising but...
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27 July 06:50
DP World, part of the Dubai World conglomerate at the centre of the emirate's debt troubles, said better-than-expected container volumes will help boost profits in...
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27 July 06:30
Health insurer Centene Corp posted second-quarter earnings that beat Wall Street estimates, helped by membership growth in each of its states, and raised its...
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27 July 05:44
Angel Broking, a stock broking and wealth management firm, is in talks with private equity firms to raise as much as 3 billion rupees ($64 million), said three sources with direct knowledge of the matter...
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27 July 02:00
In a strange wave of oil and smoke déjà vu to the Gulf of Mexico, China grapples with two man-made environmental disasters in less than two weeks: an oil spill in Dalian and a chemical leak near Zijinshan…
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26 July 22:15
Japanese government bonds were little changed in a market struggling to find short-term cues after the results of European bank stress tests and ahead of economic data at...
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26 July 16:20
Canada's Samuel Manu-Tech Inc said it agreed to go private following a C$68 million deal with its largest shareholder, Samuel Son & Co Ltd, which has offered to...
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26 July 10:45
Shares of the company rose 25 percent to 99 cents before paring gains to trade 14 percent up at 91 cents on Nasdaq...
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26 July 10:30
Bankrupt Canadian newsprint producer AbitibiBowater Inc said it repaid $166 million of its debtor-in-possession loan following an improvement in market conditions and...
Reuters News

26 July 10:21
Malaysian state investor Khazanah trumped India's Fortis Healthcare in a takeover battle for Singapore's Parkway with an offer that values Asia's biggest listed hospital operator at $3.3 billion...
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26 July 02:00
Britain's FTSE 100 .FTSE index is seen opening up 30-44 points, or as much as 0.8 percent higher on Monday, according to financial bookmakers, bouncing back after a...
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26 July 01:30
Much of the US$55 billion in outbound investment, invested in the first half of 2010 by Chinese entities, can be credited to agile corporate counsel. Navigating through the maze of China’s outbound investment laws, these lawyers…
Precedent Watch

24 July 02:30
Indian Prime Minister Manmohan Singh reiterated his prediction headline inflation would ease to 6 percent by December, a forecast more optimistic than that...
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23 July 13:14
Seven European banks would not be strong enough to withstand another recession and would face a capital shortfall of 3.5 billion euros ($4.5 billion), tests run in an attempt to revive investor confidence...
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23 July 12:30
Gold miner Kinross is set to rake in a windfall from the sale of its stake in diamond miner and retailer Harry Winston and its interest in the Diavik diamond mine in Canada's far north...
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23 July 04:39
With the results of stress tests on 91 European banks looming, financial institutions have been coming up with their own scenarios of what to expect...
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23 July 03:00
BP is building up its war chest to confront the massive cash outlays it faces through a blockbuster deal to sell oil & gas properties in Egypt, Canada and the Permian Basin of Texas, to Apache Corp. for $ 7 billion...
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22 July 17:00
Efforts to enhance disclosure and governance have continued unabated in Malaysia as regulators aimed to promote transparency, quality and efficiency in the capital market...
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22 July 12:24
The trustee overseeing liquidation of Bernard Madoff's investment firm demanded more than $3.6 billion in damages in an expanded lawsuit against a hedge fund firm and individuals whom he said...
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22 July 11:20
At least two issuers, including Ford Motor Credit, have pulled planned asset-backed bond sales from the market this week, as issuance remains paralyzed by a twist in the...
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22 July 07:00
In a filing with the U.S. Securities and Exchange Commission, the transportation services company said that Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities are...
Reuters News

22 July 03:00
Syngenta, the world's biggest agrochemicals company, expects its net profit to be down this year as a late start to the farming season following a harsh winter and higher taxes weigh...
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21 July 02:15
The conditions look ripe -- debt markets are up, companies' valuations soft -- but foreign private equity firms eyeing deals in Australia may now have to put their plans on...
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21 July 00:05
Hong Kong's Securities and Futures Commission has announced plans to regulate credit rating agencies based in the city, in an effort to keep up with...
Precedent Watch

20 July 11:52
Billionaire investor Carl Icahn renewed a hostile takeover bid for Lions Gate Entertainment Corp but at a lower price, ending a 10-day truce in a drawn-out battle for the Hollywood studio...
Reuters News

20 July 08:30
Dubai aims to set up an alternative stock market for small-to-medium sized firms in a bid to create more exit options for the region's private equity sector...
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20 July 07:29
Goldman Sachs executive Fabrice Tourre denied fraud and other accusations by U.S. regulators for his role in marketing a subprime mortgage product and asked a court to dismiss the case...
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19 July 13:24
The top U.S. securities regulator will need to add about 800 new positions to carry out its part of the massive financial reform legislation, the head of the agency said in testimony to be delivered...
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19 July 01:00
The 2010 report card for Canadian public issuers is in, and while some have shown improvement, the class average is still pretty low...
Precedent Watch

18 July 23:08
Malaysian state investor Khazanah may have to pay more than S$4.00 a share for Singapore's Parkway, or at least 3.1 percent above its share price to ward off rival bidder Fortis Healthcare...
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16 July 16:00
Canada proposed new regulations for credit rating agencies to boost investor confidence and prevent conflicts of interest that critics say may have contributed to the global credit crisis...
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16 July 14:40
The Securities and Exchange Commission said it created three expert units to focus on big financial companies, complex securities and securities offerings...
Reuters News

16 July 06:45
Private equity firms TPG and Carlyle submitted a final joint bid for Australian hospital group Healthscope, a spokeswoman the consortium...
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16 July 05:30
Hedge fund firm Polar Capital said client assets under management rose 2.5 percent in the three months to June, with client inflows more than offsetting fund losses from...
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16 July 04:00
Hong Kong investment bankers were just wrapping up work ahead of the long Easter weekend in early April when they were hit with a proposition that would upend their holiday plans...
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15 July 12:48
Weather Investments, the holding company of Egyptian businessman Naguib Sawiris, is considering a move into Poland and Serbia after the success of its mobile operations in Italy...
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15 July 08:11
GlaxoSmithKline expects to record a legal charge of 1.57 billion pounds ($2.4 billion) for the second quarter after settling the "substantial majority" of claims relating to its controversial diabetes pill Avandia...
Reuters News

14 July 13:00
The U.S. futures regulator must look carefully at new "risk controls" to protect markets in an era when trades are done 150 times faster than the blink of an eye, the head of a new technology panel for...
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14 July 12:55
Iran's government has sold an 18 percent stake in Iran Khodro, the Middle East's biggest carmaker, for the equivalent of about $430 million...
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14 July 08:00
Venture capitalists in the United States widely expect their industry to contract while those in emerging markets, including China, India and Brazil, expect to see...
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14 July 02:46
Tata Steel denied a media report the company was planning to raise about $2 billion through fresh equity over the next quarter to help fund expansion. "Nothing at this point"...
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14 July 01:30
Summer is turning up the heat in the northern hemisphere. As travelers are packing their bags, legal counsel of PRC hospitality and travel companies have been…
Precedent Watch

13 July 23:45
Boralex Inc, an alternative power producer, said it raised its offer to acquire the income trust it manages to an annual interest rate of 6.75 percent a year on the...
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13 July 17:30
Under China’s Anti-Monopoly Law and the Filing Thresholds Regulations, the State Council has delegated to MOFCOM the right to investigate…
Precedent Watch - Guest Author

12 July 02:00
In a sudden blast from the past, details of the US$1 billion deal between China Unicom and Spain’s Telefonica last year have finally been disclosed. The subscription agreement...
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12 July 01:45
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets...
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11 July 08:29
Troubled state conglomerate Dubai World has invited creditors to a July 22 meeting to offer details on its multi-billion dollar debt restructuring, the first session to include all lenders since December 2009...
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11 July 01:00
Taking public companies private ascribes new meaning to the Latin maxim, e pluribus unum. Abu Dhabi’s publicly listed Aabar Investments PJSC has announced
Precedent Watch

07 July 19:00
In early November, 2009, the merger-control regulator of the People’s Republic of China, the Anti-Monopoly Bureau under the Ministry of Commerce, announced…
Precedent Watch - Guest Author

07 July 15:30
Holders of $1 billion of securities issued by a Washington Mutual Inc entity have sued to void an eve-of-bankruptcy exchange of their investment, according to a complaint filled with claims of fraud and secret agreements...
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07 July 10:35
Small-sized acquisitions and strategic buys rather than blockbuster multibillion dollar deals will be on the minds of the media moguls and financiers who gather at this week's Sun Valley conference...
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07 July 02:45
London and New York are not about to lose their spots as the world's leading financial centers but they are being challenged by emerging market upstarts in a...
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06 July 10:37
Spanish motorway group Abertis' core owners and private equity firm CVC Capital Partners are set to secure 6-7 billion euros to fund their buyout of the firm next week, in spite of the ongoing global credit squeeze...
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05 July 02:00
Just when companies welcomed a sign that the SEC might be backing down on its backdating pursuit, the hammer of the plaintiffs’ bar has struck a blow for corporate transparency…
Precedent Watch

02 July 08:35
Investment flows to the world's four biggest emerging economies -- Brazil, Russia, India and China -- slowed slightly in the first half of 2010 but growth rates and the pace of dealmaking remain strong, data shows...
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02 July 00:15
The private equity gambit of asset-shifting continues to find opportunistic participants…
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27 June 11:08
Israel's MA Industries is to buy U.S. firm Albaugh Inc for about $1 billion to bolster its presence in the Americas and solidify its position as the world's biggest generic agrochemical maker...
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27 June 03:15
Talks to boost Telecom Egypt's stake in Vodafone's Egypt unit ended because the British firm insisted on selling all or none of its share...
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25 June 04:04
Abu Dhabi's Aabar Investments, the largest stakeholder in Daimler, called a July 26 shareholder meeting to discuss delisting the company to boost flexibility...
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24 June 06:57
Dutch financial services group ING raised $175 million by selling its entire 3.1 percent stake in India's Kotak Mahindra Bank, two sources with direct knowledge of the deal said...
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16 June 03:00
Jones Soda Co should crack open a case of the bubbly…soda that is. Earlier this week, Jones announced that it had secured an agreement for a $10 million equity line of credit with…
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15 June 11:00
Polo Ralph Lauren Corp Chief Executive Ralph Lauren disclosed plans to sell more than one-quarter of his holdings in the company, in a transaction that would net him about...
Reuters News

15 June 04:00
Sino Biopharmaceutical is selling 185 million new shares and shareholder Conspicuous Group Limited 100 million shares at HK$3.32 ($0.426) to HK$3.50 each -- a discount of 4.9 percent to 9.8 percent to the…
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15 June 01:00
In a continued attempt to get out from under its credit default swap troubles, bond insurer Ambac Financial Group has just arrived at a settlement agreement with several of its counterparties...
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14 June 15:30
Canadian Imperial Bank of Commerce, Canada's No. 5 bank, said on Monday it agreed to buy Citigroup's C$2.1 billion ($2 billion) Canadian MasterCard business, becoming a dual credit card issues...
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11 June 02:30
Accounting – it could put your glazed eyes to sleep – until the SEC comes banging at your door, demanding to know how you accounted for a recent restructuring transaction and where are some of the related agreements...
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09 June 08:00
UK Commercial Property Trust is taking over F&C Commercial Property Trust to create Britain's sixth-largest listed property company, worth about 1.6 billion pounds ($2.5 billion)...
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03 June 08:05
Singapore Exchange said on Thursday it will invest S$250 million ($178.4 million) in a new trading engine to lower costs for overseas customers and encourage them to trade more regularly through the exchange...
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02 June 02:15
Telecom Egypt has the right of first refusal to buy Vodafone's stake in its Egyptian unit if the British mobile operator decided to sell...
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19 May 02:00
Not all Hollywood hits are confined to the silver screen. While the guest appearance of Oracle’s Super-CEO Larry Ellison in a recent blockbuster hit brings to light the big business aspect of Hollywood…
Precedent Watch

14 May 01:45
Demand for ethical funds and indices has increased in recent years amid rising fears about the environment and unease over how some financial institutions have made money…
Precedent Watch

13 May 02:00
A 1000-point plunge in the Dow and “busted” trades on the NASDAQ and NYSE make it clear – Regulation National Market System (Reg NMS) really matters, as do certain exchange-specific rules…
Precedent Watch

11 May 10:00
The UK is up for sale and, with precious few defences, it is attracting the amorous attention of its former colonials. Cadbury, Raymarine and Chloride have all found themselves…
Precedent Watch

10 May 06:00
The world economy may have been a bad dream for many, but not for generic pharma giant Teva Pharmaceuticals. In a recent filing, Teva revealed three legally impressive facts...
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03 May 04:00
Alpha ATS, one of several alternative trading systems in Canada, has announced it had applied to the Ontario Securities Commission to become a recognized exchange. If approved, Alpha will join the Toronto Stock Exchange…
Precedent Watch

12 April 04:00
A recent filing by a Turkish telecom company suggests that either the world credit crisis may be fading, or one just needs to know where to look. Earlier this month, Turkcell Iletisim Hismetleri A.S. announced…
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05 April 04:00
As the bright lights of Dubai World flicker, investors around the globe have had occasion to re-think not only their rights, but where to pursue potential remedies in the GCC. Courts, arbitration centers and special tribunals may…
Precedent Watch

29 March 08:00
Challenging financial times call for creative solutions. While IPOs have provided many companies with much needed capital in recent weeks, many other large conglomerates are looking to nurse shareholder gains by going private…
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29 March 02:00
Throughout the economic rollercoaster of the past two years, we’ve seen many financial institutions fold. But one bank seemingly bucking the trend is Montana-based First Interstate BancSystem (FIB)…
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22 March 11:00
Inter-dealer brokerage BCG Holdings’ majority owner, private investment advisor Cantor Fitzgerald, subscribed to a private placement of $150 million convertible senior note issuance by BCG earlier this week...
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19 March 06:00
At the peak of a market it helped to stoke, now embattled Dubai World spent billions snapping up showplace properties in Manhattan and elsewhere.  But as the dust begins to settle from the world economic crisis, assets continue to shift…
Precedent Watch

17 March 06:00
In the shadow of scandals of the past decade, regulators and investors are casting a suspicious eye on related party transactions. Enron Tyco, Hollinger, and even the Bank of America/Merrill Lynch fiasco…
Precedent Watch

17 March 04:00
Large banks including PNC Financial and Citigroup have recently repaid TARP, but many of these entities still aren’t quite free and clear of the U.S. Treasury. Under the terms of TARP’s Capital Purchase Program, the Treasury got an extra-sweetener…
Precedent Watch

12 March 04:00
A turbulent restructuring has ended for private publisher Haights Cross Communications. The voluntary filer has submitted its indenture and related documents, including an…
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05 March 08:00
A little known, but recently notorious, corner of the commercial real estate world is actually going through an upsurge. Led by Passco, Inland, and American Realty Capital, it's powered by unique legal structures…
Precedent Watch

04 March 08:00
Shareholder landscapes continued to tremble this week as key advisory player RiskMetrics signed up to merge with MSCI in a deal valued at over $1.5 billion, payable in cash and stock…
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26 February 17:00
In economic terms, sukuk are very similar to conventional bonds: purchasers aim to earn a profit, and they mature at a set date…
Precedent Watch - Guest Author

19 February 04:00
Banco Santander Brasil has commenced a secondary offering of 29 million American Depositary Shares (ADS). The financial services company looks to earn up to….
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17 February 08:00
Amidst strategic issues like financing problems and sovereign debt crisis, XBRL may get lost to C-suite and lawyers alike. But guard against that temptation. Companies like Boeing, Disney and Biogen Idec already file in XBRL and…
Precedent Watch

12 February 06:00
Both John Thain and CIT Group Inc have now proclaimed their return. In particular, Thain’s employment agreement with CIT, where he will serve as CEO, makes it clear…
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09 February 10:00
The debt markets seem to have taken a shine to auto loan securitizations as of late, and recently, Volkswagen marketed a $1.3 billion securitization of auto loan receivables…
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08 February 08:00
Following Javelin Investment Management LLC’s July 2009 launch of America’s first Shariah-compliant index fund, a similar Islamic investment vehicle appears to be inching closer to reality…
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02 February 04:00
Vringo, a video ringtone service provider, filed a registration statement for its IPO...
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11 January 06:30
As snow falls across the UK, energy efficiency is once again on the political agenda and companies are live to the implications of the Carbon Reduction Commitment (CRC). Recent filings with the FSA reveal that…
Precedent Watch

08 January 08:00
Last month, TSX Staff published a Notice providing guidance on a hodge-podge of topics likely to impact issuers. Staff addressed anti-dilution provisions for convertible securities, the addition of a cashless exercise feature to stock option plans, and …
Precedent Watch

08 January 06:30
The Securities and Exchange Commission adopted final rules on December 16, 2009 to expand corporate governance and…
Precedent Watch - Guest Author

07 January 06:30
Kids sure do grow up fast these days – even those of the corporate variety. In the past month alone, Time Warner set AOL free, Bristol Myers said goodbye to Mead Johnson Nutrition, and...
Precedent Watch

30 December 14:00
Online ticket sales company Hollywood Media Corp. has agreed to sell its Broadway Ticketing Division to Key Brand Entertainment Inc for $45 million…
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23 December 14:00
The SEC charged Kurt B. Barton and Triton Financial, which co-sponsors the Heisman Trophy Trust, of offering fraud...
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21 December 15:00
Educational Investors Inc, a Delaware corporation, announced it has entered into an Interest Purchase Agreement with TD Management, Joseph S. Monaco and Florham Consulting Corp…
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17 December 16:00
Staff comment letters indicate CIT Group’s seemingly smooth prepackaged reorganization hit some potholes with the Securities and Exchange Commission (SEC)...
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17 December 12:00
Comverse Technology Inc settled a class action lawsuit over stock options backdating on Thursday for $225 million, with ex-CEO Jacob "Kobi" Alexander, who fled to Namibia, contributing $60 million…
Precedent Watch

16 December 13:00
Shanghai-based China Real Estate Information Corp. (CRIC) entered into a share purchase agreement with its two largest shareholders, Sina Corporation and E-House China Holdings...
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15 December 07:30
The Talbots, Inc announced it has entered into a merger agreement with blank check company BPW Acquisition Corp...
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10 December 09:00
The Treasury Department announced earlier this week that it would sell its JPMorgan Chase & Co. warrants in a public Dutch auction on Thursday. The warrants were acquired by the...
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08 December 14:00
Dublin-based Amarin Pharmecuticals extended its current supply agreement with Tokyo’s Nisshin Pharmaceuticals for transfer of ethyl-eicosapentaenoate (E-EPA) from…
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02 December 13:00
Texas Petrochemicals filed a Form 10 registration statement on Wednesday of last week The company is attempting to register its existing common stock, which was distributed to...
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25 November 09:00
Financial holding company Zions Bancorporation commenced an offer to exchange $140 million in depositary shares representing its series A preferred stock for its common stock in order to…
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25 November 06:30
Great West Life, Baytex Energy, Premium Brands and Jazz Air all have recently taken advantage of a seemingly healthy market for convertible debt in Canada. These markets are greeting new issues with open arms, attracted by the hybrid nature of such instruments…
Precedent Watch

25 November 06:00
There has been a noticeable uptick in companies disclosing “Wells Notices” as the SEC is bearing its enforcement teeth. Many of the recent notices target executive compensation, subprime and other areas related to financial services. The recent raft…
Precedent Watch

24 November 08:00
REITs and SPACs, beware of vultures in shareholders’ clothing. Using attorney-drafted charter agreements in SPACs and treasury-bound REIT limitations as weapons, just this sort of thing has happened to SPACs like American Apparel and to REITs like Colony Capital and Armour…
Precedent Watch

20 November 06:00
Teekay LNG Partners L.P. is a publicly-traded master limited partnership formed by Teekay Corporation that focuses on liquefied natural gas and liquefied petroleum gas shipping and transportation services…
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20 November 02:00
As if the risks of derivatives weren’t sufficiently in the spotlight in conventional finance, the Islamic finance world is now beginning to wrestle with its own set of derivatives issues. Seen by many as akin to…
Precedent Watch

13 November 06:30
Going private transactions (GPTs) may be coming back in style, with the cautious blessing of the SEC. Recent GPT activity such as Harbinger/SkyTerra, TPG/CPP/IMS Health, OSG/OSG America, along with the perhaps surprising…
Precedent Watch

06 November 08:45
Citigroup Inc is planning to relaunch Citi Alternative Investments (CAI), a unit that contains its hedge fund operations…
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04 November 14:00
Vornado Reality announced on Monday offers to purchase two series of debentures for cash. The company, a real estate investment trust (REIT) with extensive holdings in Washington, DC and New York City…
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04 November 13:00
Subordinated bondholders of Wind Hellas will offer senior secured noteholders an incentive to accept their proposal to bid for the company…
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29 October 12:00
Goldman Sachs waded deeper into Dark Pool discussions with the SEC and even suggested certain regulatory approaches...
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28 October 16:00
Elan Finance Public Limited Company, an Irish public limited liability company, and Elan Finance Corp., a Delaware corporation, as co-issuers, entered into an indenture with BNY Corporate Trustee Services Limited…
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27 October 12:40
GVI Security Solutions, Inc., a provider of video security surveillance, recently announced that it has entered into a definitive agreement to be acquired and taken private by…
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