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Bloomberg
O1 Properties Said to Struggle to Draw Orders for London IPO - Bloomberg
Underwriters for the sale are due to finish taking orders at 5 pm in London today, said the people, who declined to be identified because the process is private. A failure of the sale would make 01 Properties the first London IPO to be pulled this year ...
Coty Raises Offer to Acquire Avon Products to $24.75 a Share - Bloomberg
The talks, which had focused on Coty's concerns about liabilities at Avon and internal departures of employees, had yet to progress toward a deal, said the people, who declined to be named because the discussions are private.
Saudi Aramco to Provide Full Crude Supplies to Europe - Bloomberg
Saudi Aramco, as the company is known, will provide 100 percent of crude cargoes sold under long-term contracts, said the officials, who declined to be identified because the agreements are confidential. The kingdom exported in January 860000 barrels a ...
German Stocks Rise for Second Day; Deutsche Telecom Gains - Bloomberg
... Communications Inc. Deutsche Telekom has considered a stock-swap transaction that would give it control over the combined entity, which would be publicly listed, said two of the people, who declined to be identified because the talks are private.
Crude Oil Falls a Seventh Day, Longest Run of Losses Since 2009 - Bloomberg
Saudi Arabia, the world's biggest crude exporter, boosted oil output last month to the most in more than three decades, according to a person familiar with the country's production. The kingdom pumped 10.1 million barrels a day in April, more than the ...
Tullett Said to Hire Chillington for Alternative Investments - Bloomberg
Tullett Prebon Plc (TLPR), a London-based diversified inter-dealer broker, hired Tim Chillington as a manager of alternative investments in Hong Kong, according to a person familiar with the matter. Chillington will cover Asia secondary loans trading ...
KPN Has Board Defense Should America Movil Bid Go Hostile - Bloomberg
If its offer is successful, America Movil has no immediate plans to increase its holding, and would probably not evaluate buying more shares for at least a year, according to a person familiar with its plans. KPN could eventually be used as a vehicle ...
Blackstone Counters Fee Pressure Via Custom Pension Deals - Bloomberg
Blackstone and Calpers, which has committed more than $2 billion to the New York-based firm since 1994, may agree on a separate account with lower fees and more control over deals than traditional funds, a person briefed on the matter said last week.
IPOs Get Riskier for Bankers as Hong Kong Weighs Prison Terms - Bloomberg
Some senior bankers in Hong Kong are already devoting more time to examining companies they take public in anticipation of tougher rules, said two executives at securities firms who requested anonymity because the matter is sensitive.
Zoe Cruz Said to Liquidate Hedge Fund Voras Capital - Bloomberg
Voras Capital Management LP, which Cruz started in New York about two years ago, will return money to investors in the coming months, said the person, who asked not to be identified because the information is private. Cruz is considering opportunities ...
E*Trade Former CEO Layton Said to Be Choice to Lead Freddie Mac - Bloomberg
(ETFC), will take over as head of the mortgage-finance company, according to a person familiar with the matter. Layton will replace current CEO Charles E. Haldeman Jr., who is planning to retire this year. Layton, 62, didn't return a telephone call ...
Deutsche Telekom Said to Talk to MetroPCS on T-Mobile USA Merger - Bloomberg
Deutsche Telekom AG (DTE) is discussing a merger of its T-Mobile USA unit with MetroPCS Communications Inc. (PCS) as it reviews options for the customer-losing business, according to people familiar with the matter. Deutsche Telekom is considering a ...
Spain Set to Tighten Provisions on Healthy Property Loans - Bloomberg
It's also working on a plan to force banks to set aside more provisions on real estate loans that are still healthy, said a person familiar with the situation, who also declined to be identified. The rules, to be approved on May 11, will increase ...
Kenya Shilling Drops 2nd Day on Dollar Demand From Oil Importers - Bloomberg
The central bank stayed out of the money market, an official in the bank's money market department who asked not to be identified citing policy, said in a phone interview. The Ugandan shilling gained for the first time in four days, appreciating 0.3 ...
Genstar Said to Approach $1 Billion Goal for Buyout Fund - Bloomberg
The target for Genstar Capital Partners VI LP was cut this year from $1.5 billion amid a tough fundraising environment, said the people, who asked not to be named because the information is private. Genstar will offer additional co- investment ...
Hong Kong Exchanges Said to Hire Banks for LME Bid Loan - Bloomberg
Hong Kong Exchanges & Clearing Ltd. (388) hired Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and UBS AG to arrange a loan to finance an offer for the London Metal Exchange, according to a person familiar with the matter, who asked not to be ...
Hutchison Said to Make Revised $2.6 Billion Offer for Eircom - Bloomberg
The formal cash offer by Hutchison's Three Ireland unit removes a number of conditions that were attached to an initial bid last week, which was rejected by an Irish court-appointed examiner, said the people, who declined to be identified because the ...
Bright Food Group Said to Consider Weetabix Acquisition Loan - Bloomberg
Bright Food Group Co., a Chinese food company, is in talks with banks for a possible loan to back a purchase of a stake in Weetabix Ltd., according to two people familiar with the matter who asked not to be identified because the details are private.
Unibail-Rodamco Said to Buy Portuguese Malls for $650 Million - Bloomberg
Unibail-Rodamco, based in Paris, agreed to buy Almada Forum and Forum Montijo from a fund controlled by Frankfurt-based Commerzbank AG (CBK), according to the people, who declined to be identified because the information is private.
U.K. Legislative Program Said to Overhaul Banks, Job Laws - Bloomberg
A separate bill will seek to reform public-sector pensions so that workers retire later and save more, said the people, who declined to be identified because the bills haven't been published. The Enterprise and Regulatory Reform Bill will include ways ...
Glaxo to Begin Hostile Offer for Human Genome Sciences - Bloomberg
All but three of the 25 largest shareholders acquired stock at a higher average price, said the people, who asked not to be named because the talks are private. Human Genome hired Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC as financial ...
Ally Said to Get ResCap Bondholder Backing for Bankruptcy - Bloomberg
The investors were given material, nonpublic information and are negotiating final details of what they'd receive to settle their claims, said one person, who declined to be identified because the talks aren't public. While negotiations could still ...
Baoxin Auto Said to Plan Sale of Five-Year U.S. Dollar Bonds - Bloomberg
Baoxin Auto Group Ltd. (1293) plans to sell five-year US dollar-denominated bonds, a person familiar with the matter said, declining to be identified because the details are private. To contact the reporter on this story: Rachel Evans in Hong Kong at ...
Shooting to Kill Pirates Risks Blackwater Moment - Bloomberg
With the release of the Avocet video, a state department official said its context was insufficient for him to provide a definitive opinion about whether the guards' actions were appropriate. ”It certainly doesn't dissuade me or my colleagues in the US ...
Nomura Targets 100 Top Executives In Investment Banking - Bloomberg
Bank of America, based in Charlotte, North Carolina, is planning more than 300 job cuts from its corporate- and investment-banking and trading divisions as underperformers are trimmed, a person briefed on the matter said this month.