DUBAI (Zawya Dow Jones)–The merger of Dubai’s Emaar Properties Emaar Properties PJSC (EMAAR.DFM) and three state-controlled property firms could prompt a wave of consolidation in the struggling emirate, analysts say.
Emaar downplays debt burden of Dubai property merger (AFP via Yahoo! News)
Dubai real estate giant Emaar Properties said on Sunday that the debt of the entity to be created through its merger with three other property developers will not exceed 3.64 billion dollars, seven percent of combined assets.
E-Trade plans stock offer, debt exchange (Washington Post)
NEW YORK — E-Trade Financial Corp. said Wednesday it is raising capital and exchanging debt in an effort to get out from under mortgage-related loan losses. The news sent shares of the struggling online brokerage and bank skidding.
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