Sandler O’Neill + Partners, L.P., an investment bank focused on financial services, is selling a minority stake to private equity firms Carlyle Group and Kelso & Co to help fund growth. The investment bank's current management team, led by James Dunne and Jonathan Doyle, will remain in place after the...

Casey's General Stores Inc (CASY), the operator of over 1,500 stores convenience stores in the U.S. Midwest, rejected a $43-a-share offer by 7-Eleven Inc. Casey board decided 7-Eleven's revised offer did not reflect its full value and growth opportunities and wasn’t in the best interest of shareholders. Goldman, Sachs &...

Mercuria Energy Group Ltd, one of the world's largest independent energy traders, located in Geneva, Switzerland had bought Florida-based carbon offset project developer MGM International from investment bank Morgan Stanley (MS). Under the terms of the transaction, Mercuria has purchased all of the equity in MGM International Group from Morgan...

French hotels company, Accor SA, Europe’s largest hotelier will replace Gilles Pelisson as chief executive officer after the current CEO had differences with the board, Europe head Denis Hennequin as new CEO. Board of Directors meeting on November 2, 2010, the Board and Gilles Pélisson, Chairman & CEO of Accor,...

Toronto-Dominion Bank (TD.TO) has named Mike Pedersen to head its wealth management division, replacing Bill Hatanaka. Mike is responsible for TD’s wealth management businesses as well as the bank’s direct channels (online, phone, ATMs) and corporate shared services (IT, real estate, strategic sourcing, corporate security, and the project management office)....

Qatar Airways' chief executive Akbar Al Baker called for greater access for the rapid expanding Qatar Airways to the Canadian market, We have Canadian companies trying to sell us equipment. But trade is a two-way street. We will give them trade, in return we want to access their markets. "They...

Auto component maker Ingersoll Rand (IR), plans to invest $100 million over the next three years to set up a factory in southern India to manufacture parts for air conditioning systems, head of India operation Venkatesh Valluri said. Local manufacturing, innovation and market-centric product development are the key focus areas...

Japanese social media website operator, DeNA Co., is to acquire ngmoco Inc for $400 million, an unlisted U.S. developer of games and applications for smartphones. DeNA's acquisition of ngmoco will fuel its rivalry with US firm Zynga - set to become one of the defining battles of cross-platform social gaming...

Canada's Ontario Teachers' Pension Plan, which controls a $96.34bn portfolio, is plotting a bid to spoil BHP Billiton's (BHP) (BLT.L: Quote) $40 billion hostile takeover offer for Potash Corp (POT), the worlds top fertilizer maker. London-based BHP launched a 40 billion US dollars (£25 billion) bid for Canada's PotashCorp in...