Fed's reduced bond buying threat resulted in fund withdrawals from several investors. After the Federal Reserve announced that it may slow down the pace of its asset purchases this year, several investors reacted by withdrawing their investments in mutual funds.
Deals
Teralys Captial to Invest $50 Million in Cleantech
Teralys Captial announced its plan to invest $50 million through Cycle Capital and EnerTech. Teralys Capital Management had announced a Can$50 million investment in the clean technology sector of Québec.
McAfee Acquires Stonesoft
McAfee announced the completion of acquisition of Stonesoft via tender offer McAfee announced the acquisition of Stonesoft via the completion of the tender offer that was announced last May 6.
Davies-Led Group Interested In Lloyd's Stake
A Mervin Davies led investment group is showing interest to bid for part of the stake in Lloyd's Banking Group
ING Sells Stake In ING-BOB to BNP Paribas Cardif
ING announced that they are selling their stakes in Chinese joint venture ING-BOB to BNP Paribas Cardif.
Latest News
Shazam announced that they were able to secure a US$40 million funding from America Mobil Shazam announced that they were able to raise US$40 million for funding from America Movil.
S&P lowered SoftBank's rating after winning the bid on Sprint. According to a statement by Standard & Poor, SoftBank ratings were lowered from BBB to the highest non-investment grade of BB+, with a stable outlook.
Oregon introduced its “Pay It Forward” student loan program, a hybrid between the old college loan model and Peter Thiel's investment approach.
A Chinese Insurance Company bought the Lloyds' building in London for US$388 Million A leading Chinese insurance company agreed to buy the Lloyd's Building in London.
Actis is finalizing a deal where it would make it a significant minority shareholder in Symbiotec Pharmalab.
TransAlta Corp planned to spin off its wind and hydroelectric power plants through an initial public offering to increase the company’s value.
Chargemaster Plc intended to raise GBP6 million through an initial public offering that is expected to start trading this month according to its CEO, David Martell.
PAL announced that they are conducting preliminary talks with ANA and Emirates for possible venture San Miguel Corp (SMC) announced that they are conducting preliminary talks with Japan's All Nippon Airways (ANA) regarding a possible partnership for Philippine Airlines (PAL).
An acquisition deal for Envision Pharmaceutical Holdings by TPG Capital may be announced as early as today.
