Industry News

Jaiprakash Associates Ltd, the holding company of the Jaypee Group."/>
Jaypee's real estate business faces pressure from lenders, buyers [Mint, New Delhi]
LafargeHolcim, Karsanbhai Patel, founder chairman of Nirma Ltd, looks set to storm India's lumbering Rs.2 trillion cement industry. Once the proposal receives regulatory and shareholder approvals, Nirma will be among the 10 largest cement producers in the country with an installed capacity of 13 million tonnes. The move marks a second coming for Patel, the feisty founder of the..."/>
Nirma's Karsanbhai Patel back in spotlight with Lafarge cement deal [Mint, New Delhi]
LafargeHolcim, Karsanbhai Patel, founder chairman of Nirma Ltd, looks set to storm India's lumbering Rs.2 trillion cement industry. Once the proposal receives regulatory and shareholder approvals, Nirma will be among the 10 largest cement producers in the country with an installed capacity of 13 million tonnes. The move marks a second coming for Patel, the feisty founder of the..."/>
Nirma's Karsanbhai Patel back in spotlight with Lafarge India deal [Mint, New Delhi]
Tata Steel Ltd rose on Monday as investors reacted positively to the company's weekend announcement that it would seek a joint venture partner for its entire European business, putting the sale of its UK assets on the back-burner. Shares of Tata Steel rose 2.72% to Rs.327.25 apiece on BSE, while the benchmark Sensex gained 1.84% to 27,626.69 points. On Friday night, Tata Steel said it was looking at alternatives to the sale of its UK assets, plans for which..."/>
Tata Steel shares rise on Europe joint venture bid [Mint, New Delhi]
LafargeHolcim at an enterprise value of $1.4 billion, in what could be the largest deal financed by bonds in India. The company, best known for its success in the detergent business in the 1970 s and 1980 s--it was a formidable competitor to Hindustan Unilever Ltd--plans to raise about Rs.4, 000 crore from the domestic corporate bond market to part-finance its purchase, said three bankers familiar with..."/>
Nirma to buy Lafarge India assets from LafargeHolcim for $1.4 billion [Mint, New Delhi]
Jaiprakash Associates Ltd, the holding company of the Jaypee Group."/>
Pressure from lenders, buyers puts Jaypee's realty arm in a fix [Mint, New Delhi]
Jindal Steel and Power Ltd, to turn approver in a case related to coal block allocations. This would enable Singhal to make fresh disclosures against 14 other accused in the scam and help strengthen the ongoing probe. The order was passed by special CBI judge Bharat Parashar after the Central Bureau of Investigation backed the decision on 31 May."/>
Suresh Singhal allowed to turn approver in Navin Jindal coal block case [Mint, New Delhi]
CATHAY GENERAL BANCORP TO ACQUIRE SINOPAC BANCORP FOR USD 340 M Los Angeles, US-based bank holding company Cathay General Bancorp and Taiwan-based bank holding company Bank SinoPac Co. Ltd. have signed a stock purchase agreement for Cathay to acquire Bank Sinopac's US-based SinoPac Bancorp subsidiary forUSD 340 m, the companies said. SinoPac Bancorp, through its subsidiary Far..."/>
M and A Navigator: Deal pipeline –12 July
Pan American Silver Corp., and Maverix Metals Inc., announced today that the Company and Maverix have completed a statutory plan of arrangement under Section 192 of the Canada Business Corporations Act. Pursuant to the Arrangement, the Company acquired 42,850,000 common shares of Maverix for consideration of CAD $52,823,048, based on the Bank of Canada noon exchange rate of 1.3127 on July 11, 2016, representing payment by the Company of..."/>
Pan American Silver Corp. - Early Warning Report
Pan American Silver Corp., and Maverix Metals Inc., announced today that the Company and Maverix have completed a statutory plan of arrangement under Section 192 of the Canada Business Corporations Act. Pursuant to the Arrangement, the Company acquired 42,850,000 common shares of Maverix for consideration of CAD $52,823,048, based on the Bank of Canada noon exchange rate of 1.3127 on July 11, 2016, representing payment by the Company of..."/>
Pan American Silver Corp. - Early Warning Report
Alcoa Inc.' s profit dropped 4 percent in the second quarter as low prices weighed on the aluminum producer ahead of a planned spinoff of its struggling mining and smelting operations from its higher-value parts manufacturing business. Revenue was down 10 percent in the April-June quarter reflecting the weak prices and lower production as the company cut smelting capacity over the past year to deal with overcapacity in the aluminum..."/>
Profit down at Alcoa ahead of split [The Pittsburgh Tribune-Review]
Pan American Silver Corp. has today filed a preliminary short form base shelf prospectus with the securities commissions in each province and territory of Canada and a corresponding shelf registration statement with the United States Securities and Exchange Commission. These filings, when made final, will allow the Company to make offerings of common shares, debt securities, subscription receipts, units, warrants, or any combination thereof of up..."/>
Pan American Silver Files Base Shelf Prospectus and Registration Statement
Pan American Silver Corp. has today filed a preliminary short form base shelf prospectus with the securities commissions in each province and territory of Canada and a corresponding shelf registration statement with the United States Securities and Exchange Commission. These filings, when made final, will allow the Company to make offerings of common shares, debt securities, subscription receipts, units, warrants, or any combination..."/>
Pan American Silver Files Base Shelf Prospectus and Registration Statement
Fortune Bay Corp. Announces Grant of Stock Options
Fortress Paper Ltd. announced today that it intends to release its second quarter financial results for the period ended June 30, 2016 after the close of the market on Monday, August 8, 2016. In connection with the release of its results, Fortress Paper will host a conference call on Tuesday, August 9, 2016 at 9:00 a.m. to discuss the financial results and provide an update on the..."/>
Fortress Paper to Release Second Quarter 2016 Earnings
Albemarle Corporation declared today a quarterly dividend of $0.305 per share. The dividend is payable October 3, 2016, to shareholders of record at the close of business as of September 15, 2016.. Albemarle Corporation, headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine, refining catalysts and applied surface treatments."/>
Albemarle announces quarterly dividend
Endeavour Mining Corporation announces with regret that a fatal accident has occurred at its Tabakoto Mine in Mali. An employee fell into a slot raise while working in the underground mine at approximately 2:30pm on Friday July 8 th, 2016, and passed away in a Bamako hospital on Saturday evening, July 9 th."/>
Endeavour Mining Reports Fatality at its Tabakoto Mine in Mali

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