AP - Private equity firm Blackstone Group LP, along with Pactera's chief executive officer and other managers, have offered to take Pactera private in a deal that values the Chinese technology consulting and outsourcing firm at US$680.4 million (S$856 million).
LJUBLJANA (REUTERS) - Slovenia, which has pledged to cut costs and sell off state-owned companies to help it avoid a euro zone bailout, will start the privatisations in September, Finance Minister Uros Cufer told parliament on Monday.
LONDON (REUTERS) - Nationwide, Britain's biggest customer-owned financial services group, plans to issue a new form of so-called loss-absorbing debt that could shift some of its losses to holders of its debt.
TRANSPORT group ComfortDelGro Corp is acquiring Melbourne bus company Driver Group for about A$22 million (S$26.8 million), in a move that will further expand its footprint Down Under.
ANGEL investor Koh Boon Hwee is putting money into mainboard-listed diesel engine provider XMH Holdings, just days after investing in rubber processing firm Halcyon Agri Corporation.