Cubist Pharmaceuticals said today that it has commenced into a definitive agreement to purchase Trius Therapeutics for USD707 million in cash.
Deals
MVC Capital invests in Biogenic Reagents
MVC Capital revealed that it had committed to issuing Biogenic Reagents a senior secured convertible note worth US$9.5 million with a five year maturity.
Mountain Real Estate Capital in a joint venture with DAI/Candlelight Homes acquires housing community in Utah
Mountain Real Estate Capital in a joint venture with DAI/Candlelight Homes announced that they have agreed to purchase and develop the Santorini Village situated in South Jordan, Utah.
Northland Wealth Management expands to Western Canada
Northland Wealth Management revealed the opening of their Calgary, Alberta satellite office. Northland Wealth Management announced that it had opened an satellite office in Calgary, Alberta.
Scotia Private launches new fund
Scotia Private Client Group stated that they have launched Scotia Long Short Equity Fund, a first alternative investment product solution.
Latest News
Cubist Pharmaceuticals Inc. and Optimer Pharmaceuticals Inc. announced today that it has signed a merger agreement valued at USD801 million in cash on a fully diluted basis.
Investment firms Acon and Capital International Private Equity Fund IV jointly acquires Vetra Energia.
US-based College Retirement Equities Fund acquired 64.64 lahk shared in Dish TV India priced at Rs49.25 per share piece.
Bessemer Venture Partners helps Qwilt expand delivery globally with US$16 million in funding. Online video platform provider Qwilt gained US$16 million in a series C financing round led by venture capital firm Bessemer Venture Partners.
Europe's largest bank is forced to cut costs after profits drop nearly 50%. Europe's Deutsche Bank AG announced its plans to cut assets by EUR 250 billion (US$332 billion) earlier today, following the dramatic decline in its profits.
EGoM is set to decide pricing on the proposed sale of 3.56% stake in Neyveli Lignite Corporation on Wednesday.
EU gave PSA Peugeot through a state-funded financial aid valued at Eur7 billion to keep the company afloat.
Virginia-based media organization Local Voice rceives US$3 million in funding from Blue Heron Capital.
Schneider Electric is gearing up for the conclusion of its Invensys acquisition. France-based Schneider Electric is nearing the conclusion of its proposed agreement to purchase British engineering company Invensys for GBP 3.
