Air China's bid shows splits in government

Article Abstract:

A hostile bid by China National Aviation Holding Co. has prompted shareholders of China Eastern Airlines Corp. to reject a joint proposal by two other firms for a stake in the airline. The proposal, from Singapore Airlines and investment firm Temasek Holdings Private Ltd., was valued at $923 mil, at HK$3.80 per share for a 24% stake. China National's hostile bid involves HK$5 per share for a 24% to 30% stake.

China National Aviation Holding Co.

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Singapore buyers ratify stake deal for China Eastern

Article Abstract:

The board of Singapore Airlines Ltd. has approved the purchase of a stake in China Eastern Airlines Corporation Ltd. Singapore Airlines will buy a 15.7% stake for HK$4.7 bil, while its parent, Temasek Holdings Private Ltd., will take an 8.3% stake for HK$2.5 bil. The total stake between Singapore and Temasek, 24%, is just below the 25% maximum permitted to foreign owners by China's regulations.

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Scottish Re gets funding deal, but its stock falls nearly 12%

Article Abstract:

Life reinsurer Scottish Re Group Ltd. has reached an agreement with MassMutual Capital Partners and Cerberus Capital Management, with each company investing $300 million. Announcement of the agreement sent Scottish Re's stocks falling by almost 12%.

INSURANCE CARRIERS, United States, Insurance industry, Cayman Islands, Massachusetts Mutual Life Insurance Co., Cerberus Capital Management L.P., Scottish Re Group Ltd., SCT

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