Krehbiel family-founded Molex had agreed to be bought out by Koch Industries for USD7.2 billion. On Monday, Koch Industries had agreed to acquire Molex for USD7.
Deals
Port Authority of New York,New Jersey sold WTC rights for cheap in 1986 - report
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.
Russian Euro and dollar denominated bonds available
The benchmark debt from Russia has now been made available expecting a windfall after US Fed Reserve remarks on scaling back stimulus expenditures.
Microsoft expands music streaming to other operating systems
Microsoft allows Xbox music service to iOS and Android devices. In its latest move, Microsoft is allowing its Xbox Music service available to its Android and iOS devices in order to better compete with iTunes services from Apple, as well as Spotify Ltd and Pandora Media Inc.
Tyres on the Drive receives additional GBP 1.5 million in funding
Tyres on the Drive scored GBP 1.5 million in a round led by MMC Ventures. Tyres on the Drive (TOTD) announced that it received an additional GBP 1. 5 million in a funding round.
Latest News
LeapFrog Investments gathered USD 204 million in capital commitments for Fund II. LeapFrog Investments collected USD 204 million for its second fund in just eight months.
The Nigerian sovereign wealth fund's head was in the process of determining among eight asset classes which one should be in the fund's portfolio.
Sources said China Huishan Dairy Holdings would be filing for a Hong Kong IPO to raise USD 1.3 billion.
BBA Aviation plunged as much as 4.1% after merger talks with Dubai Aerospace Enterprises Ltd ceased.
NYSE Euronext bought a minority stake in startup ACE Group Inc. NYSE Euronext acquired a minority stake in ACE Group Inc. No financial terms were disclosed.
Marubeni-Itochu Steel announced its purchase of US pipes trader Sooner Inc for USD 600 million. Marubeni-Itochu Steel Inc said it would purchase Sooner Inc for USD 600 million.
The Financial Times reported that Vodafone may not be able to acquire Kabel Deutschland for lack of shareholder approval.
Ping An Bank would sell more than 1 billion in new shares to its parent company Ping An Insurance to raise core capital.
Andre Esteves' Grupo BTG Pactual exercised option to purchase MPX Energia shares. The investment bank controlled by tycoon Andre Esteves, Grupo BTG Pactual, had announced the exercise of an option to acquire 28.
