Web Sify
Follow us on
Mail
Print

RPT-Market Chatter-Corporate finance press digest

Source : REUTERS
Last Updated: Fri, Dec 28, 2012 06:10 hrs

Dec 28 (Reuters) - The following corporate finance-related stories were reported by media on Friday:

* Private equity firm American Securities LLC said on Thursday it sold a U.S. media production company to peer Crestview Partners, in one of the clearest examples yet of a firm rushing to close a deal before the end of the year to avoid a potentially larger tax bill.

* Software maker Synchronoss Technologies Inc said it bought NewBay, the cloud services unit of Research In Motion Ltd , for $55.5 million in cash.

* Struggling Japanese TV maker Sharp Corp's plan to sell its Nanjing plant in China to Taiwan's Hon Hai Precision Industry Co Ltd has been frozen and may not materialise, a source familiar with the matter said on Thursday.




More from Sify:
blog comments powered by Disqus
most popular on facebook
talking point on sify news