Harbinger Group, Philip Falcone's investment firm, jumped in value as it sold off shares to a consortium headed by Leucadia National Corp.
Deals
Cargill close to buying ADM's cocoa unit: sources
Cargill Inc. and Archer Daniels Midland Co. were in final stages of discussion to close an acquisition deal that could be worth as much as USD2 billion, according to sources.
Wix.com files for IPO
Wix.com filed for an initial public offering valued up to USD100 million, said a Reuters report. On Tuesday, Wix. com Ltd. had filed with the US regulators to raise USD100 million in an initial public offering of common stock.
Venture capitalists invest in startups related to Bitcoin
According to a Reuters report, venture capitalists showed no signs of shying away from startup investments related to Bitcoin even as authorities increased scrutiny among numerous virtual currency firms.
Barracuda Networks files for IPO
On Tuesday, Barracuda Networks had filed for an initial public offering valued more than USD100 million, according to a regulatory filing.
Latest News
Burlington Stores announced today the price of its initial public offering of 13,333,333 shares of common stock valued USD17 per share piece.
Empire State Realty Trust Inc. announced today pricing its initial public offering valued at USD13 per share piece.
Today, American Tower Corporation announced completed acquisition of MIP Tower Holdings LLC, the parent firm of Global Tower Partners.
Today, Dealertrack announced completing its acquisition of VINtek and Customer Focused Marketing Inc.
The state of Texas had dropped out of the lawsuit filed by the US Justice Department to block the US Airways-American Airlines merger, according to a Reuters report.
LIC lowered exposure in food conglomerate Britannia Industries. The Indian state-owned Life Insurance Corporation had decreased its shareholdings in Britannia Industries, the consumers conglomerate, by 2.
Vodafone formed a consortium with three Gulf telecommunications firms to activate a 1,400 fiber network in anticipation of the increased demand for broadband services in the region.
According to a report by VentureBeat, Apple Inc would have to tread carefully with advice from investor Carl Icahn.
Japanese firm Sumitomo Corp would be buying Los Angeles-based steel products maker Edgen Group Inc in a USD520 million deal, according to Reuters.
