A US Bankruptcy Court gave its approval to Savient Pharmaceuticals to sell all substantially all its assets to Crealta Pharmaceuticals, a firm backed by private equity company GTCR.
Deals
William Morris likely to be frontrunner for American sports agency IMG acquisition -NYT
Bidders William Morris Endeavor, ICM Partners and a consortium led by former News Corporation executive Peter Chernin are expected to submit their takeover offers for IMG Worldwide on Friday. New York Times said that William Morris will likely emerge as top bidder for the sports agency.
Restaurant and arcade chain Dave & Buster's mulls over sale or IPO
Dallas-based restaurant and arcade operator Dave & Buster's is looking to exit from the company through a sale or an initial public offering. Dave & Buster's is controlled by private equity firm Oak Hill Capital Partners.
Dalmore could tip Whyte & Mackay sale price over £450M - sources
United Spirits could raise as much as £675 million ($1.1 billion) in the sale of Whyte & Mackay Scotch if it will include single malt Dalmore. Sources estimate that Whyte & Mackay's exit, excluding Dalmore, is worth £450 million.
Asia-Pacific M&A deals plunge to lowest since 2009- report
A report said merger and acquisition transactions fell in the Asia-Pacific region caused by a slowing in the energy and raw materials sectors.
Latest News
San Francisco-based advertising technology company Delivery Agent Inc has picked Credit Suisse Group AG and Deutsche Bank AG to lead its planned initial public offering (IPO) in 2014.
US-based telecommunications company Sprint is eyeing the purchase of rival T-Mobile USA next year in a deal worth $20 billion, according to sources cited in a report by The Wall Street Journal.
Chemical firm FMC Corp inked a deal to sell its Peroxygens business to the private investment unit of JPMorgan Chase & Co, One Equity Partners, for a price tag of $200 million.
Maryland-based private equity firm American Capital divested DelStar Inc, together with subsidiary DelStar Technologies Inc to SWM for $97 million. The buyer is SWM International.
Louisiana-based big utility Entergy Corp ended its plans to transfer its high-voltage power lines to independent electricity transmission firm ITC Holdings Corp after Mississippi regulators rejected the deal.
Ford chairman Bill Ford, Jr. invested in San Francisco-based startup QuickPay through his venture firm Fontinalis Partners to help improve on-street and off-street parking experience.
US-based company Charter Communications is reportedly preparing to make an official offer to acquire Time Warner Cable for less than $140 per share, according to a news report.
Chinese lender China Everbright Co raised $2.6 billion in its third attempt at a Hong Kong initial public offering (IPO) of 5.08 billion shares priced at HK$3.98 apiece.
Philippine-based telecommunications firm Philippine Long Distance Telephone Company (PLDT) completed the divestment of its 27% holding in its wholly owned subsidiary ePLDT Incorporated to Philweb Casino Corporation (PCC).
