An unnamed source told Reuters that drugmaker Adcock Ingram's largest shareholder Public Investment Corporation will not be putting up its 19% ownership stake for sale as the offer extended by potential buyer Bidvest undervalued its holding.
Archives
Carlyle Group's Brazilian travel agency prices shares below range in IPO
Private equity-backed CVC Brasil Operadora e Agencia de Viagens priced its shares at BRL 16 apiece for its IPO today, below its indicated price range of BRL 18 to BRL 22.
REACTION OF GLOBAL LEADERS TO THE DEATH OF NELSON MANDELA
The following is reaction to the death of Nelson Mandela on Thursday at age 95 The following is reaction to the death of Nelson Mandela on Thursday at age 95.
EUROPEAN COMMISSION CLEARS PATH FOR CRANE CO. ACQUISITION OF MEI
Crane Co. announced today that the European Commission has approved the definitive agreements to implement the licensing and divestiture Commitments by Crane Co. related to its pending acquisition of MEI Conlux Holdings.
Famous quotes by former South African President Nelson Mandela
"Like slavery and apartheid, poverty is not natural. It is people who have made poverty and tolerated poverty, and it is people who will overcome it." - on being named Amnesty International Ambassador of Conscience, 2006
Latest News
Cleaning services provider Homejoy said that it had raised USD38 million in new capital from its Series A and Series B funding rounds, which saw the participation of Google Ventures, Redpoint Ventures, Max Levchin, First Round Capital, Oliver Jung, and Mike Hirshland.
A report on TechCrunch noted that social travel apps like Jetpac had started to develop its products away from Facebook, as the popularity of the social network might have run its course.
ClearDATA Networks, Inc, a cloud computing platform and service provider focused on the healthcare industry, received USD14 million in new funding from Merck Global Health Innovation Fund, Excel Venture Management, Norwest Venture Partners and other institutional investors.
To jumpstart the use of its payment processing system, Dwolla has partnered with online service marketplace Fiverr and also offers special promotions to US-based customers.
Six year-old startup Glassdoor raised USD50 million in a recent funding round, which saw the participation of Tiger Global Management, Battery Ventures, Benchmark Capital, DAG Ventures and Sutter Hill Ventures.
Trifacta, a San Francisco-based startup focused on making platforms for data analysis, raised USD12 million in new funding in an investment round led by Greylock Partners and Accel Partners.
Venture capital firm Northzone had set up its biggest fund yet at EUR200 million or USD272 million. The fund will be geared towards making investments in startups within the Nordic region and businesses who had partnered with a Nordic-influenced startup.
Deutsche Telekom's statement revealed that it has a strategic partnership with Twitter Inc to boost the former's opportunities in innovative marketing, advertising and customer service.
Months after receiving a USD1 million in seed investment, Israeli startup Carambola Media raised USD4 million in a Pitango Venture Capital-led Series A funding round.
