Saudi Ground Services, a unit of Saudi Arabian Airlines, plans to raise $600 million to $800 million through the sale of a 30 percent stake in an initial public offering, three people with knowledge of the matter said.
American Tower Corp., the biggest operator of cellular towers in the U.S., agreed to acquire the parent company of rival Global Tower Partners for about $3.3 billion, giving it thousands of additional wireless sites as the appetite for next-generation services grows.
Bets against Canada’s three biggest wireless carriers have surged ahead of a deadline for the country’s spectrum auction that may include interest from foreign carriers such as AT&T Inc. and Telenor ASA.
Rolls-Royce Motor Cars Ltd. , Bayerische Motoren Werke AG ’s luxury nameplate, plans to sell 800 cars in China in 2011 as it aims to raise sales eightfold in two years in the world’s largest auto market.
Three former officers of Conversion Solutions Holdings Corp., based in Kennesaw, Georgia, were sentenced to prison terms as long as 23 years and ordered to make restitution of $44 million for running a so-called stock pump and dump scheme, the Justice Department said.