Profitloss Centerstage Events

Uber Technologies, raising $1.2 billion in funding, took centerstage on Friday, 6th June 2014 among all major events across the globe, and remains the highlight of this week's list of center stage events.
Picture Courtesy: Profit loss

Centerstage events of week 1

Australand Ltd. receives a takeover bid from Singapore's Frasers Centrepoint...

Australand Ltd. receives a takeover bid from Singapore's Frasers Centrepoint Ltd., valuing the company at AUD 2.59 billion. Frasers Centrepoint's offer of AUD 4.48 per Australand share surpasses a previous bid from Stockland Group. Australand grants exclusive due diligence to Frasers Centrepoint and expresses its intention to recommend the offer to shareholders if it becomes binding.

Monday, 2 June, 2014

Syria holds a presidential election with incumbent President Bashar al-Assad...

Syria holds a presidential election with incumbent President Bashar al-Assad expected to secure victory amidst an opposition boycott. The Syrian government later claims that al-Assad won with 88.7% of the vote, although the credibility of the election is disputed given the ongoing conflict and opposition's absence.

Tuesday, 3 June, 2014

Dai-ichi Life, a Japanese life insurance company, acquires financial service...

Dai-ichi Life, a Japanese life insurance company, acquires financial service holding company Protective Life for $5.7 billion. This acquisition demonstrates Dai-ichi Life's strategic expansion and entrance into the international market, strengthening its position in the insurance industry.

Wednesday, 4 June, 2014

Uber Technologies Inc. raises $1.2 billion in funding, led by...

Uber Technologies Inc. raises $1.2 billion in funding, led by Fidelity Investments, with a valuation of $18.2 billion. This significant investment reflects investors' confidence in Uber's potential for global expansion and diversification into areas beyond ride-hailing, such as logistics, solidifying its position as a major player in the transportation industry.

Thursday, 5 June, 2014

Petro Poroshenko is inaugurated as the President of Ukraine amid...

Petro Poroshenko is inaugurated as the President of Ukraine amid the ongoing pro-Russian separatist conflict. Poroshenko, a businessman and politician, takes office with the challenge of addressing the crisis and unifying the country while dealing with the geopolitical complexities of the region.

Friday, 6 June, 2014

Abdel-Fattah el-Sissi is sworn in as the President of Egypt...

Abdel-Fattah el-Sissi is sworn in as the President of Egypt for a four-year term. A former military officer, el-Sissi assumes the presidency after a period of political transition in Egypt. His leadership comes with expectations to stabilize the country and address socio-economic challenges while navigating the complex dynamics of Egyptian politics.

Saturday, 7 June, 2014

Tyson Foods, an American multinational food corporation, announces its acquisition...

Tyson Foods, an American multinational food corporation, announces its acquisition of Hillshire Brands for $7.7 billion. The deal expands Tyson Foods' presence in the food industry, strengthening its portfolio of well-known brands and enhancing its market position.

Sunday, 8 June, 2014