By Andrew Roberts
French clothing retailer SMCP could sell shares in an initial public offering by the summer after doubling its sales over the past three years. It took the first step to a possible IPO in the first half of this year by filing a registration document with the French market regulator, said CEO Daniel Lalonde
Japanese mobile analytics provider Repro has raised JPY300 million ($2.6 million) in a round led by Jafco Co Ltd and Voyage Ventures. The funding will be used by Repro to expand in the United States, said a report in The Bridge. The Tokyo-based company had previously raised 100 million yen ($835,000)… Read more »
Rooftop solar panel installer Vivint Solar Inc said on Tuesday it had terminated an agreement under which it would have been taken over by solar energy company SunEdison Inc after SunEdison failed to consummate the deal.
GE’s 87 per cent stake in Bank BPH has a market value of 2.2 billion zlotys ($550 million).
The two companies will seek to overcome the kind of regulatory concerns that scuppered Deutsche Boerse’s attempt to merge with NYSE Euronext four years ago, a deal blocked because it would have created a near-monopoly one exchange-traded derivatives in Europe.
Toshiba Corp plans an extraordinary executive meeting on Wednesday, indicating the troubled conglomerate will settle on a preferred bidder for its healthcare unit, two people with knowledge of the process said on Monday. Canon Inc and Fujifilm Holdings Corp are considered the front-runners with the highest bids, three people familiar with… Read more »
The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for alleged violations of U.S. export controls on Iran, according to documents seen by Reuters. The restrictions will make it difficult for the company to acquire U.S. products by requiring ZTE‘s suppliers to apply… Read more »
Wells Fargo & Co, in a bid to boost its dealmaking franchise, is hunting for a new head of mergers and acquisitions, according to people familiar with the matter. The bank’s existing head of mergers, John Laughlin, has moved to a vice chairman role, a spokeswoman said. Wells is looking… Read more »
Pepperstone was founded in 2010 by Owen Kerr and Joe Davenport and since then has grown into one of the top 10 FX brokers globally.
Major U.S. corporations from Viacom Inc to Facebook Inc have classes of shares that give founders, CEOs and other insiders extra influence, creating a long-running debate over the balance of power between them and outside investors