Sovereign wealth funds are unlikely to be large sellers of their fixed-income investments in the face of concerns Greece’s fiscal crisis may spread to other eurozone nations, said the head of Australia’s Future Fund.
David Murray is likely to sell Rangers Football Club Plc , the Scottish soccer champions, for one pound ($1.64), to facilitate a takeover by businessman Craig Whyte, the Scotsman reported, without saying where it got the information.
Davis Polk & Wardwell LLP and Willkie Farr & Gallagher LLP advised Comcast Corp. on its agreement to acquire Time Warner Cable Inc. for $45.2 billion, combining the two largest U.S. cable companies in an all-stock transaction.
ASX Ltd. Chairman David Gonski will step down from his role at Australia’s main stock market operator after being appointed to oversee almost A$90 billion ($95 billion) in the nation’s sovereign-wealth funds.
Rangers Football Club Plc will review a rival approach for the record 53-time Scottish soccer champion after directors said businessman Craig Whyte’s takeover proposal doesn’t include enough funding to rebuild the team.
Craig Whyte’s proposed takeover of Rangers Football Club Plc has moved closer after the London- based Scottish financiers meeting with directors following the club’s 0-0 draw against Celtic on April 23, the Herald said, without saying where it got the information.