49296 results returned for search: "" category ("Other" AND "Business")
LONDON, June 10 (Reuters) - Bermuda-based drinks group Bacardi is expected to launch a loan refinancing of under $2 billion to wider syndication this week, bankers close to the deal said.
In March, Bacardi agreed $3 billion worth of financing includi...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
ON THE TABLE
IPC-Max merger - $2.50 per share for IPC shareholders (paid in two dividends - $1.50 per share three days after Friday's vote, and $1 per share following the closing of the transaction) and a cash dividend of $1 per share for Max shareho...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
Butterfield Bank saw its share price drop five cents (0.95 percent) to $5.20 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.
The bank traded 3,265 shares throughout the day.
The Index, as a whole, slipped 8.74 points (0.38 percent)...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
SAN FRANCISCO (Bloomberg) — Bermuda-based Marvell Technology Group Ltd. agreed to pay shareholders $72 million to settle claims the maker of chips for computers and mobile phones improperly backdated stock-option grants.
The agreement was reached aft...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
IPC Holdings Ltd. shareholders are set to decide on the future of the company tomorrow when they vote on Max Capital Group Ltd.'s proposed merger with IPC.
IPC and Max announced in March that the two companies would combine to form Max Capital Group,...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
LONDON (Bloomberg) — Bermuda-based Hiscox Plc, the third-biggest underwriter at Lloyd's of London, said more employees are requesting to transfer away from the UK, after the British government pledged to raise the highest tax rate on personal income ...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
Bermuda's Financial Intelligence Agency (FIA) has been admitted as a member of the Egmont Group — the world body of financial intelligence units.
Attorney General Kim Wilson announced in the Senate yesterday that the FIA officially joined the Egmont ...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
Bermuda-based business insurer XL Capital Ltd. was upgraded to a "buy" at Bank of America/Merill Lynch yesterday.
The Bermuda-based company was raised to a "Buy" from a previous "Neutral" rating by BoA/Merrill. The investment analyst also raised XL's...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
Bermuda reinsurer RenaissanceRe Holdings Ltd. yesterday announced Jeffrey Kelly will take over as its chief financial officer, effective July 6.
Mr. Kelly will succeed Fred Donner, who is leaving the company for personal reasons to return to the US.
...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
March 2: IPC Holdings Ltd. and Max Capital Group Ltd. announce they are set to merge and form Max Capital Group to be run by president and CEO Marston Becker
March 31: Validus Holdings Ltd. makes a hostile bid for IPC, offering $1.7 billion in stock ...
DATE: Jun 11, 2009
|
CATEGORY:
Other
|
