GMAC to join Cerberus bid for Northern Rock: paper
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U.S. financial services firm GMAC is preparing to spearhead a bid for British mortgage lender Northern Rock , according to Britain's Sunday Times newspaper.
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Britain has received a report from U.S. investment bank Goldman Sachs on options for the troubled Northern Rock bank and is talking to potential buyers about them, Prime Minister Gordon Brown said on Saturday.
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GMAC, the former finance arm of General Motors Corp. , said on Tuesday it would receive another $1 billion from GM and warned it would be hit by pressure from a weakening market for U.S. mortgages.
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Nucleus Software Exports Ltd today announced the purchase by the company and its nominees of 10,040,000 equity shares of Chennai-based GMAC Financial Services India Ltd, the Indian automotive finance operation of General Motors Acceptance Corporation.
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Private equity group Cerberus Capital Management  is weighing the purchase of a stake in bankrupt auto-parts supplier Delphi Corp.  and is looking for at least one auto executive to help manage the investment, the Wall Street Journal reported.
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Concrete maker RMC is set to be bought by Mexican rival Cemex in a deal valuing it at around Â£2.3 billion, it was announced today.
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Credit-Based Asset Servicing and Securitization LLC, an affiliate of MGIC Investment Corp.  and Radian Group Inc. , said on Friday that it planned to buy subprime mortgage lender Fieldstone Investment Corp.  for $5.53 per share.
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IPE.com 22/Nov/04: GLOBAL - ING Group is to sell Baring Asset Managementâs investment management activities to MassMutual, while Northern Trust will buy the unitâs fund administration arm.
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Virgin Group and up to two other bidders are expected to meet a Monday deadline for Northern Rock offers.
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By Ross Kerber, The Boston Globe  Feb. 16--A major shareholder wants EMC Corp.
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Swiss-based miner Xstrata says it will take its A$7.4 billion (3.1 billion pound) bid for Australia&#39;s WMC Resources directly to the company&#39;s shareholders, effectively making a hostile bid after WMC&#39;s management rejected its offer
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Buyout firm Cerberus Capital Management LP  has hired Chrysler's former chief operating officer to advise it on a possible bid for the U.S. carmaker, the Financial Times reported on Wednesday.
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LONDON: Mexico&#39;s Cemex, the world&#39;s third-largest cement maker, has agreed to buy Britain&#39;s RMC Group for around Â£2.3bil (US$4.
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CONCRETE maker RMC is set to be bought by Mexican rival Cemex in a deal valuing it about Â£2.3bn. Directors from both companies have approved the purchase of the world&#39;s biggest maker of ready-mixed cement.
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Mexico&#39;s Cemex, the world&#39;s third-largest cement maker, is set to buy Britain&#39;s RMC Group in a $5 billion deal to be announced Monday, a source familiar with the matter told Reuters.
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NEW YORK, September 27  - Mexican cement giant, Cemex SA (CX.NYS), has agreed to buy RMC Group Plc, a leading British ready-mix concrete company, in a deal valued at about $5.
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A Macquarie Communications Infrastructure Group (MCG) led consortium (âConsortiumâ), in which Macquarie Bank Limited (MBL) has an approximate 13% interest, today announced it has been selected as the successful bidder for the acquisition of National