Dow Chemical revealed its plans today to divest its USD5 billion worth of assets, which was way more than the range chief executive Andrew Liveris initially declared in October.
Deals
TELEHOP COMMUNICATIONS SIGNS LETTER OF INTENT TO ACQUIRE G3 TELECOM INCLUDING WIRELESS OPERATIONS
TELEHOP COMMUNICATIONS INC SAYS THE PURCHASE PRICE FOR THE BUSINESS WILL BE $4.3 MILLION Telehop Communications Inc. today announced its expansion into Wireless Services by signing a Letter of Intent to acquire G3 Telecom's Business including wireless and United States operations, and a private placement of $3 million of 10% unsecured 5 year debentures.
NCR to purchase Digital Insight Corp for $1.65B
NCR Corporation announced that it had agreed to purchase Digital Insight Corporation for $1.65 billion, and that it had completed the acquisition of Alaric Systems Limited, for approximately $84 million.
DigitalOcean's new Amsterdam data center signals European expansion, eyes Singapore as its next target
A second data center in Amsterdam was launched by software Design Description (SDD)-only web hosting and cloud infrastructure provider DigitalOcean as part of its strategy to meet customer demand in cloud services.
Skyphrase consolidates with Yahoo in acquisition deal
Tech news site TechCrunch believes that Yahoo Inc's acquisition of natural language processing technology builder SkyPhrase is to improve its content delivery to its mobile audience.
Latest News
Akamai Technologies Inc said it will spend about $370 million to acquire Prolexic Technologies Inc, a pioneer in fighting distributed denial of service attacks, cyberthreats that cripple networks by overwhelming them with Internet traffic.
Stem Inc. today announced the closing of a $15 million Series B financing round. Iberdrola, GE Ventures joined Series A investor Angeleno Group in committing financing for the round.
Exceed Company Ltd, one of the leading domestic sportswear brands in China, today announced that it has entered into a definitive Agreement and Plan of Merger with Pan Long Company Limited
TransDigm Group Incorporated and Metalmark Capital announced today that TransDigm has entered into a definitive agreement to acquire Airborne Systems Inc., for approximately $250 million in cash. Airborne Systems is owned by MetalmarkCapital.
Norwegian bank DNB ASA through its Chief Executive Officer Rune Bjerke rejected predictions on the country's housing market, saying that the claims were unfounded.
Switzerland bank UBS AG launched its EUR1.75 billion or USD2.4 billion bond buyback program, which will be applicable to subordinate and senior unsecured bonds in several European currencies.
Data gathered by the US Federal Reserve showed a decline of over USD80 billion in nanks' holdings in federal agency bonds and Treasuries, marking its first annual decline since 2007.
Hotel major Hilton Worldwide Holdings Inc. seeks to raise up to USD2.4 billion in its US listing. Hilton Worldwide will offer 112.8 million shares, giving it a market value of about USD19.2 billion.
Stockholm-based private equity firm Cevian Capital on Monday announced its acquisition of 25 million A-shares in truck manufacturer Volvo. The purchase brought Cevian's ownership to 68.7 million A-shares and 29.8 million B-shares.
