Elliott Management withdraws proxy fight with three board seats on the Hess board prior to elections.
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China's State Grid Corp Purchases Shares in Aussie Power Co
China's State Grid Corp purchases 19.9% shareholdings in SP AusNet for US$802 million. In an announcement, the State Grid Corp of China is purchasing shareholdings in an Australian electricity network company.
Dell Reported Profit Decline
Dell reported decline in its profits. Dell Inc has reported a 79% decline in its profits as sales for personal computers continued to contract in the face of greater demand for mobile devices.
Bayer AG purchases family owned Steigerwald
Bayer AG purchases Steigerwald for an undisclosed amount. The largest pharmaceutical firm in Germany, Bayer has announced it has agreed to purchase Steigerwald Arzneimittelwek GmbH, a privately owned maker of herbal medications.
JM Financial to gain because of Vikram Pandit
Vikram Pandit, the former CEO of Citigroup would be part of the JM Financial management team to grow the business.
Latest News
BitPay Inc receives another US$2 million in seed money. Bitcoin's payment processor, BitPay Inc. , announced on Thursday that it was able to raise additional US$2 million from its initial capital growth financing round headed by the Founders Fund.
Accel Partners invest funds into Airwatch development. AirWatch, said on Thursday that Accel Partners invested US$25 million in their company. The world- renowned innovator in mobile security and biggest provider of Enterprise Mobility Management (EMM) has over 6,500 clients with an estimated 1,200 associates worldwide.
Erste Group Bank has confirmed the ability to pay off state bailout funds but did not provide a schedule for the same.
Telus Corp buys Mobilicity for the hefty sum of Can$380 million or US$370 million. One of the largest wireless phone companies in Canada, Telus Corp, announced Thursday that it would purchasing Mobilicity for the cost of Can$380 million or US$370 million.
Novartis, through its spokesperson, reiterates its statement that it is not interested in bidding for Actavis.
Gagfah is refinancing maturing loans to free up funds for renovations and/or acquisitions. Gagfah, the real estate group from Germany, said that it could increase its capital funding in order to finance renovations for the 145,000 flats currently in its portfolio.
Elliott Management urges change in policies and management in NetApp. Elliott Management purchased shareholdings in NetApp Inc and true to its activist hedge fund nature, the firm is moving the company to change its board and look for ways to increase shareholder value.
JA Solar Holdings Co is ready to pay off US$119 million for interest and principal on bonds it had issued.
Qatar Holding LLC purchases 40% of Porto Nuovo business district to expand its European real estate holdings.
