French state-controlled Safran, which sells anything from jet engines to drones to guidance systems, said Monday it is buying Connecticut-based security firm L-1 Identity Solutions for $1.09 billion in cash, or $12 per share –…
Indian conglomerate Sahara India Pariwar is in talks to buy U.S. movie studio Metro-Goldwyn-Mayer Inc in a deal worth more than $2 billion, The Wall Street Journal reported.
MGM owes creditors about $4 billion, mostly to hedge funds that purchases th…
Kenneth Cole, designer and founder of Kenneth Cole Productions (KCP), is in talks to sell the shoe clothing company to Iconix Brand Group, a licensing company run by his brother, Neil.
It is not clear when the takeover will happen, if at all, Bloomberg News reported without naming its sources.
Iconix owns brands including Candie’s and London Fog, licensing them to retailers and…
Continue reading Kenneth Cole Considering Selling Company
Kenneth Cole Considering Selling Company originally appeared on DailyFinance on Mon, 20 Sep 2010 06:45:00.
Filed Under: Company News, Economy, People, Retail, Small Business
Citigroup (C) plans to sell its student-lending unit Student Loan Corp. to a consortium including Sallie Mae as early as today, The New York Post reported.
Citigroup owns 80% of the company, with another 20% being publicly traded. It is the country’s second-largest student lender, after Sallie Mae.
The deal could see Sallie Mae and another company offer as much as $600 million to…
Continue reading Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium
Citigroup May Sell Student Loan Corp. to Sallie Mae Consortium originally appeared on DailyFinance on Fri, 17 Sep 2010 08:45:00.
Filed Under: Company News, Economy, Investing, Citigroup, Taxes, Credit
Shareholders of United’s parent company UAL Corp (UAUA). and Continental Airlines (CAL) will vote today on a merger deal that would create the world’s biggest airline. Results of the votes are expected later today, The Associated Press reported.
If shareholders vote in favor, the deal may close in the next two weeks. Then the new company will have to tackle issues including labor…
Continue reading United and Continental Shareholders to Vote on Merger
United and Continental Shareholders to Vote on Merger originally appeared on DailyFinance on Fri, 17 Sep 2010 07:18:00.
Filed Under: Company News, Retail