A New York court late on Monday rejected a renewed attempt by Barclays PLC to attain $4bn in assets linked with the sale of brokerage business Lehman Brothers Holdings. The judge reportedly called for the full amount to go to the trustee overseeing the Lehman Brothers’ liquidation. As part of the ruling Barclays is required…
A New York court late on Monday rejected a renewed attempt by Barclays PLC to attain $4bn in assets linked with the sale of brokerage business Lehman Brothers Holdings. The judge reportedly called for the full amount to go to the trustee overseeing the Lehman Brothers’ liquidation. As part of the ruling Barclays is required…
Italian luxury fashion house Prada is looking to raise between $2bn- $2.6bn in a Hong Kong IPO, ahead of its June 24 listing on the Hong Kong stock exchange. The Milan –based company anticipates selling 423.28 million shares at an indicative cost range of between $4.69 and $6.17 each. Prada in a Hong Kong filing…
Chicago-based Groupon, the daily deal website which last year rejected a $6bn buyout offer from Google, has filed with the SEC to raise $750m in an initial public offering, the company said on Friday. The IPO will be managed jointly by Morgan Stanley, Credit Suisse and Goldman Sachs, according to details of the filing. The filing specified…
Brazil has welcomed the candidacy of Agustin Carsten, Mexico’s central bank chief, in his pursuit to become the next head of the Washington-based IMF but said it required more time to decide which candidate to support. Brazil’s Finance Minister Guido Mantega however noted on Thursday: “Emerging economies are under-represented in the fund’s leadership, especially Latin…
French power equipment specialist Schneider Electric has signed an agreement to acquire Spanish software firm Telvent GIT for €1.4bn ($2bn), the company said on Wednesday. Schneider, the world’s largest producer of low and medium voltage equipment, hopes to reinforce its solution capability for the smart grid electricity software according to a company statement. Telvent’s shareholders…
