Momentive Performance Materials Inc., a maker of coatings and resins found in shampoos and auto parts, filed for bankruptcy after struggling to make payments on debt dating to its 2006 buyout by Leon Black’s Apollo Global Management LLC.
Shanghai Chaori Solar Energy Science & Technology Co. fell by the daily limit after its stock resumed trading for the first time since its bond default. A Chinese textile company with junk debt entered bankruptcy.
Brazil sold bonds in Europe for the first time since 2005, turning to international markets for financing just three days after Standard & Poor’s cut the country’s credit rating to the lowest investment-grade level.
DLA Piper LLP advised Vodafone Group Plc, the world’s second-largest wireless carrier, on its agreement to buy Spanish cable operator Grupo Corporativo Ono SA in a 7.2 billion-euro ($10 billion) transaction.