When Ivan Glasenberg walked into a members-only club in London’s Mayfair district on Sept. 7 at about 2 a.m. to see a customer, he’d just played what’s seen as the winning hand in negotiations to seal a $30 billion takeover.
New York Democrat Kathy Hochul won her U.S. House seat in 2011 by attacking a Republican plan to partially privatize Medicare. This year she is emphasizing trade, jobs and the economy in her re-election campaign.
Bumi Plc, the London-listed Indonesian coal venture founded by Nathaniel Rothschild, began a probe into alleged irregularities at associated companies in the Asian country, prompting a record drop in the shares.
Bringing Bumi Plc to London will get the Indonesian miner the financing it needs to almost double output by 2013 and make it the world’s biggest exporter of power station coal, said Indra Bakrie , who will chair the company.
Occupy New Haven protesters fighting eviction from the town green next to Yale University are challenging a private, colonial-era group with ties to the Ivy League school that, with the city, controls the park.
Bumi Plc, the coal producer listed in London by Nathaniel Rothschild, said shareholder Borneo Bumi Energi & Metal Ltd. called a meeting as it seeks to remove Rothschild and Chief Executive Officer Ari Hudaya.
Vallar Plc, Nathaniel Rothschild’s investment vehicle, raised 707.2 million pounds ($1.07 billion) in an initial public offering in London to fund a mining acquisition, beating a target announced last month.
Nathaniel Rothschild, the billionaire founder of Bumi Plc, may be deposed as co-chairman of the company while retaining a seat on the board, according to the joint largest shareholder of the Indonesian coal producer.