Formula One
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Formula One plans to raise about $450 million for itself by selling new shares as part a $3 billion initial public offering in Singapore, said two people with knowledge of the matter. The IPO may raise $2 billion to $3 billion in total as ...
May 24, 2012 at 05:35 | Source: Bloomberg
(CNN)-- Formula One's 12 teams have struck an agreement to secure the future of the sport until 2020, Bernie Ecclestone has exclusively told CNN. The F1 CEO revealed a new eight-year deal that will bind all 12 constructors in the elite division ...
May 24, 2012 at 19:39 | Source: CNN
LONDON May 23 (Reuters) - Austrian Peter Brabeck, set to become non-executive chairman of the Formula One motor racing business as it prepares for flotation, will be rewarded with an equity stake potentially worth tens of millions of dollars, a ...
May 23, 2012 at 21:35 | Source: Reuters
The Formula One Group is aiming to raise up to $3 billion through a Singapore stock market listing, and the company will begin preliminary presentations of the deal on Tuesday to fund managers and other big institutional investors, according to ...
May 21, 2012 at 12:05 | Source: New York Times
Formula One's teams will share a one-off $180m (£115m) windfall from agreeing to sign a commercial contract which paves the way for the $10bn flotation of the sport on the Singapore stock exchange next month. All eyes will be on F1's superstar ...
May 25, 2012 at 23:42 | Source: The Guardian
Formula One multiple world champion driver Michael Schumacher had reason to celebrate this morning when he set the fastest qualifying time for the Grand Prix of Monaco in Monte Carlo. Unfortunately, for him, a move by him in the Spanish Grand ...
May 26, 2012 at 15:41 | Source: Examiner
May 23 (Reuters) - Some Formula One statistics for Sunday's Monaco Grand Prix (round six of the 20 race season): Lap distance: 78 laps of 3.340 km. Total distance 260.520km Race lap record: One minute 14.439 seconds, Michael Schumacher (Germany ...
May 23, 2012 at 12:17 | Source: Reuters UK
A unit of Japan’s Astellas Pharma Inc. (4503) sued Hospira Inc. (HSP), accusing the generic pharmaceutical company of infringing a patent for the drug adenosine, used to diagnose heart blockages. Astellas contends Lake Forest, Illinois-based ...
May 25, 2012 at 04:15 | Source: Bloomberg
Private equity firm CVC Capital has sold a $1.6 billion stake in Formula One to three investors including BlackRock ahead of the motor racing company's planned $3 billion initial public offering in Singapore, sources said on Tuesday. The pre-IPO ...
May 22, 2012 at 02:31 | Source: rediff.com