Share allocation of First Citizens disappointed Permell. Peter Permell, a minority shareholder rights advocate, was disappointed by the government's allocation of shares of First Citizens Bank.
Deals
TowerJazz and International Rectifier extends business relationship
TowerJazz announced the extension of its working relationship with International Rectifier (IR). TowerJazz announced the extension of its working relationship with International Rectifier (IR).
Movidus offers new computational image processor after new funding round
Movidus planned to offer a new computational image processor after new funding round. Movidus announced that it was now looking towards new applications for its chips.
AT&T lists Europe's wireless carriers as a takeover target
AT&T Inc. was planning to takeover Europe's wireless carriers due to discount deals. Randall Stephenson, AT&T Inc. 's Chief Executive Officer, along with his top assistants were outlining a wish list of buyouts of Europe's wireless carriers.
Employee stock sale puts Kabam's value at US$700 million
An employee stock sale placed Kabam's value at US$700 million. Kabam's employees were allowed to sell common stocks worth US$38. 5 million. The results of the private transactions placed the value of the videogame maker to US$700 million.
Latest News
Frontier raised GBP39.4 million by floating stocks in AIM. Frontier Developments raised GBP4 million by selling its shares on the Alternative Investment Market (AIM), a submarket of the London Stock Exchange.
MB Financial, Inc. and Taylor Capital Group, Inc. announced that they have signed a definitive merger agreement for the acquisition of Taylor Capital.
Lenders based in Oman are developing a wakala, an agency agreement that is sharia compliant to help back their interbank financing needs.
Chinese Securities Regulatory Commission allowed Alibaba to expand its capital for the online loan enterprise.
Transom Capital Group acquired One Industries, a protective gear producer based in San Diego. Transom Capital Group, a Los Angeles-based private equity company, revealed that it has bought One Industries for an undisclosed price.
ClubCorp Holdings hoped to raise more than US$100 million in an initial public offering of its stakes.
Dominique Strauss-Kahn joins the Russian Regional Development Bank, a Rosneft-owned bank. Dominique Strauss-Kahn joined the supervisory slate of a bank owned by Rosneft, a Russian state oil major.
China planned to add 10GW solar power annually over the next 3 years. China will be adding 10GW of solar power annually for the next 3 years, said a statement from the State Council.
Roselabs executives expressed their desire to raise US$21 million to help in their expansion plans. Roselabs Ltd revealed plans to raise around US$21 million through private equity funding to expand its operations.
