Heineken (HINKY.PK) has secured total control over Asia Pacific Breweries, the maker of the famed Tiger beer, after shareholders of Fraser and Neave Ltd (F&N) gave their consent for the sale of their stake to Heineken. The $ 6.4 billion deal comes after a hard-fought two month battle for control of APB between Heineken and Thai billionaire Charoen Sirivadhanabhakdi.
Necessity is the mother of invention, and hard times in Europe have forced Ford (NYSE:F) and other carmakers to prop up sales numbers through the use of a strategy called “self-registration” whereby the dealers buy car inventories for themselves and then unload the vehicles as pre-owned cars on hefty discounts. This was revealed by Ford Europe executive Roelant de Waard speaking before the Paris Motor Show.
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According to its S-3 filing with the SEC, Tesla Motors (NASDAQ:TSLA) has increased the amount of common stock it is offering from $ 150 million to $ 225 million.
Wal-Mart (NYSE:WMT) is seeking to rejuvenate its Japanese presence by setting up 22 new stores and acquire other retailers in an effort to address the rising trend towards thrift in the country.
A 2009 class-action lawsuit against the Bank of America (NYSE:BAC) on behalf of investors who held its securities around the time it acquired Merrill Lynch is nearing settlement as Bank of America agrees to pay $ 2.43 billion towards claims that it and certain other officers made misleading statements at that time.