Oklahoma City-based exploration and production firm New Source Energy Partners LP acquired oilfield services company MCE for USD44 million in combined cash and common units.
Deals
Viking Global Investors purchases nearly USD 620 million new stake in Bank of America Corp
Hedge fund firm Viking Global Investors obtained 44.9 million new shares in Bank of America in a deal worth USD 620 million near the end of September.
Shareholder says participation in Herbalife buyout likely
Herbalife Ltd fourth largest shareholder Bill Stiritz said he would most likely take part in a leveraged buyout of the company, as the nutrition company is in the middle of pyramid scheme accusations by hedge fund manager Bill Ackman.
Carlyle Group acquires majority stake in Edgewood Partners Insurance Center
Global asset management firm The Carlyle Group will buy a majority stake retail insurance brokerage company Edgewood Partners Insurance Center. Details of the deal, however, were unknown.
B2Gold Corp signs arrangement agreement with Volta Resources
Vancouver-based gold producer B2Gold Corp said it signed a definitive agreement with Canadian resource company Volta Resources Inc for the business combination of the two companies.
Latest News
Private equity firm Liberty Hall Capital Partners announced today its acquisition of Tulsa-based aerospace engineered parts supplier Precise Machining & Manufacturing for an undisclosed amount.
Hedge funds including Philippe Laffont's Coatue Management and Patrick McCormack's Tiger Consumer Management both opened stakes in Pandora of about 1.1 million and 2.9 million shares, respectively, U.S Securities and Exchange Commission filings showed.
Top U.S. hedge fund managers in the third quarter zoned in on the consumer sector, with investment plays ranging from Sotheby's, a high-end auction house that caters to millionaires, to J.C. Penney Co, the struggling department store chain.
Shunfeng Photovoltaic International said provisional liquidators of Suntech Power Holdings Co had not approved its planned acquisition of Wuxi Suntech, the main unit of Suntech which went into bankruptcy.
Baltimore-based sportswear retailer Under Armour Inc bought Texas-based fitness tech company MapMyFitness for USD150 million to achieve a better position in the digital sports product market.
Warren Buffet's Berkshire Hathaway Inc has purchased 40.1 million shares in the world's largest publicly traded oil company Exxon Mobil Corp in a deal worth USD 3.45 billion.
Friday is the first day of sales for Sony's PlayStation 4 interactive gaming console. GE holds an meeting for investors and analysts focused on its GE Capital business. The Federal Reserve releases its report on U.S. industrial production.
A Financial Times report said private equity firm Motion Equity Partners was talking with Boston-based investment firm HarbourVest Partners to get new capital and end its status as a "zombie" buyout firm.
Formation 8 led the Series B round for preschool-focused digital learning company Kidaptive which raised USD 10.1 million to further develop its first product, Leo's Pad: Preschool Kids Learning Series for iPad.
