The Fiat-VEBA deak was expected because of the absence of top executives in the Frankfurt Auto Show.
Deals
Limoneira acquires Associated Citrus Packers
Today, Limoneira Company announced its completed acquisition for Associated Citrus Packers in a deal valued USD18.6 million.
H.I.G. Capital acquires leading Brasilian outdoor advertising firm
Today, HIG Capital announced its acquisition for a majority stake in Eletromidia, a leading player in outdoor advertising industry.
HookLogic closes Series B growth funding
HookLogic raised a USD14 million in Series B growth funding. HookLogic had received a USD14 million Series B growth investment to further expand its leadership in the commerce search advertising industry.
Mergers in the telecoms market may open a wellspring for others
Orange SA sees market consolidation as the next wave should Telefonica SA and Royal KPN NV merge. The largest phone company in France, Orange SA, said that if the Telefonica SA and Royal KPN NV bid to merge their German assets receives regulatory approval, there would be a major shake up in the telecommunications industry in Europe.
Latest News
The much awaited IPO of cybersecurity firm FireEye would push through with a pegged price of between USD12 and USD14 per share.
Politico publisher Robert Allbritton issued a statement on Monday saying that he acquired news Web site Capital New York for a small, undisclosed amount.
Virident is purchased by Western Digital for USD685 million in cash. Western Digital Corp, the hard drive manufacturer, announced its pending purchase of Virident Systems Inc, a flash memory manufacturer for servers.
The award to Tokyo as the 2020 Summer Olympics host leveraged to pass gambling casino legislation. Two major gaming firms, Las Vegas Sands Corp and MGM Resorts International are searching for sites to build casinos in Japan.
In a letter to shareholders on Monday, septuagenarian billionaire Carl Icahn said he would be giving up the fight against Michael Dell and Silver Lake Partners's buyout of Dell Inc.
CrowdStrike scored USD 30 million in its Series B round. CrowdStrike announced the closing of its Series B round with USD 30 million. The financing was led by Accel Partners.
The Carlyle Group said it would buy the Red Oak power plant in New Jersey and announced the completion of the acquisition of five other facilities in California.
A revelation made by New Jersey newspaper The Record indicated that Port Authority of New York and New Jersey in 1986 sold the name "World Trade Center" for only USD10.
The benchmark debt from Russia has now been made available expecting a windfall after US Fed Reserve remarks on scaling back stimulus expenditures.
