In a meeting on Tuesday, a whopping 96% of Smithfield Foods Inc shareholders voted in favor of the USD4.7 billion acquisition by Shuanghui International Holdings Ltd.
Deals
Illinois Tool Works formalizes sale of industrial packaging business
The sale of Illinois Tool Works' industrial packaging business would affect its overall revenues.
UK IPO activity boosts Close Brothers' securities business
British specialist financial services group Close Brothers Group Plc experienced a 5% increase in its adjusted operating profit to GBP25.7 or USD41.2 million this year ended July 31.
China's Cofco lists its commercial property business in HKD14.2 billion reverse takeover
Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.
Riverstone Holdings' London-based company plans for USD2.4 billion IPO
Riverstone Holdings' energy investment company in the UK, Riverstone Energy Ltd, would be listing in the London bourse in late October.
Latest News
BlueData received USD 15 million for its Series B round. BlueData Inc, a startup that secures big data private cloud for businesses, said it gathered capital commitments amounting to USD 15 million in its Series B round.
Fiat SpA and Chrysler Group LLC chief executive Sergio Marchionne had filed an IPO on behalf of the latter to end the stalled merger of both carmarkers.
ProAssurance Corp announced that it would be buying Eastern Insurance Holdings for USD 205 million. Alabama-based risk management company ProAssurance Corp said it would be purchasing Eastern Insurance Holdings.
The New York Federal Reserve Bank retains bond purchasing policy. The head of New York's Federal Reserve Bank said last Tuesday it would remain possible for the Federal Reserve would trim its bond purchases before the year's end.
Buoni del Tesoro Poliennali is the local name for bonds in Italy, which are still in demand. Local savers for the special BTP Italia sovereign bond continue to demand for the bond, showing appetite remains high and robust.
A government source had told Reuters that Italy would not be intervening on possible takeovers in Telecom Italia and Alitalia.
The new system introduced by Argos and eBay would be allowing customers to pick up ordered items from eBay in Argos stores.
Microsoft formed a video game venture with BesTV News Media Co to take advantage of more liberal free trade rules on gaming consoles in China's free trade zones.
Angel investors pledged USD 1 million in funds to VIPorbit Software International. VIPorbit Software International announced that it had gathered USD 1 million in capital commitments from angel investors.
