White Mountains Offers $308 Million for IDB’s CLal Stake

White Mountains Offers $308 Million for IDB’s CLal Stake

Bloomberg 22 Aug 2013 White Mountains Insurance Group Ltd. (WTM) offered to pay 1.1 billion shekels ($308 million) for IDB Development Corp.’s 55 percent interest in Clal Insurance Enterprises Holdings Ltd. (CLIS) The offer will expire unless accepted by 5 p.m. today...
Singapore’s GIC Said to Buy Blackstone’s Broadgate Stake

Singapore’s GIC Said to Buy Blackstone’s Broadgate Stake

Reuters GIC Pte., the Singapore sovereign-wealth fund, is the buyer of Blackstone Group LP (BX)’s stake in London’s Broadgate office complex, according to two people with knowledge of the transaction. GIC is buying 50 percent of Broadgate, a cluster of 16 office...
Chinese firm offers $160 mln for Turquoise Hill’s Inova

Chinese firm offers $160 mln for Turquoise Hill’s Inova

Reuters A private Chinese coal company said it plans to launch a $160 million offer for Inova Resources Ltd, offering a 29 percent premium for the Australian copper and gold miner controlled by Rio Tinto’s Turquoise Hill Resources. Shanxi Donghui Coal Coking...