Kuwait's Boubyan says $2.1 billion NBK offer "fair"; names advisor

The board of Kuwait's Boubyan Bank said a $2.1 billion offer by its main shareholder National Bank of Kuwait to take full control of the Islamic lender is "fair and suitable", adding it hired ...

Kuwaiti Islamic lender Boubyan Bank on Sunday started a major rights issue aimed at raising its capital by 50 percent, the bank said.In a statement on the Kuwait Stock Exchange website, the bank said the share price in the rights issue will be at a nominal value of 100 fils (0.35 dollars) in addition to a premium of 155 fils (0.54 dollars).The bank's current capital of 116.6 million dinars (406.2 million dollars), will rise to 174.9 million dinars (609.4 million dollars) after the increase.

KUWAIT: Boubyan Bank has announced a 25% growth in net profit to KWD3.1 million (US$10.86 million) in the first quarter of 2013 from the same period in 2012, with earnings per share of 1.69 Fils (5.92 US cents)...

By Dinesh Nair and Andreas C

NEW YORK/LONDON (Reuters) - Verizon Communications has hired advisers to prepare a possible $100 billion cash and stock bid to take full control of Verizon Wireless from its partner

Dell Inc., the computer maker that agreed to be taken private in a US$24.4-billion leveraged buyout, said it is “actively soliciting” other offers amid mounting resistance to the deal from some of its biggest investors. Evercore Partners Inc., the company’s financial advisor, is seeking other bids in a process that concludes March 22, a special committee for Dell’s board said Wednesday in a statement. Negotiations may continue after that date if a superior proposal emerges, according to the statement.

DUBAI (Reuters) - Abu Dhabi fund Aabar Investments has acquired a 53-percent stake in Arabtec Holding , a market official said on Sunday, effectively taking control of the builder after a failed $1.7 billion bid two years ago. The state-owned fund, which owns stakes in high-profile names such as German carmaker Daimler , commodities trader Glencore and Italy's UniCredit , had been buying up shares in recent weeks through subsidiaries and raised its stake to 10.45 percent last month. ...