Li Ka-shing invests in a center for medical data analaysis and processing in Oxford University. The richest man in Asia, Li Ka-shing is investing in a new research center located at Oxford University.
Deals
Klockner Pentaplast Issues Bond Notes
Klockner Pentaplast to issue notes worth Eur225 million. The largest producer of rigid plastic film for packaging purposes, Klockner Pentaplast, has set the price of Eur225 million in Senior PIK notes due on 2017 with an interst rate of 10.
Netchemia Receives investment from Mainsail
Netchemia receives investment from Mainsail in the amount of US$6.5 million. In an announcement made today by Netchemia LLC, it disclosed that Mainsail Partners gave its company an equity investment amounting to US$6.
BC Partners Offer US$1 Billion for Allflex
BC Partners offered over US$1.3 billion for Allflex. On Friday, Electra Partners announced that BC Partners offered US$1. 3 billion to purchase Allflex.
BRP to Conduct IPO in Toronto
BRP, the makers of snowmobiles and watercraft, is listing for an IPO in Toronto, Canada. The Canadian builder of Ski-Doo snowmobiles, watercraft and ATVs, BRP Inc, is aiming to raise Can$262 million or US$259 million through sale of its shares during an initial public offer.
Latest News
Ista to sell bonds to cover sale by CVC Capital. Ista International would be selling bonds to help CVC Capital Partners' Eur3. 1 billion or US$4. 1 billion buyout of the German metering company.
Berkshire lowers interest in Tesco from 5.08% to 4.98%. Berkshire Hathaway, the firm of billionaire investor Warren Buffet, has reduced its shareholdings in Tesco Plc to 4.
Newell is selling two of its business units in a bid to lower costs and boost profits. Newell Rubbermaid Inc will be putting up its Hardware and Teach Platform businesses.
After a two year wait, the Rwandan bourse is preparing an IPO of I&M Bank. The Rwandan Stock Exchange is now in the midst of planning its first listing since June of 2011.
Temasek Holdings Ltd purchases US$500 million stake in Markit Group. The sovereign wealth investment fund of Singapore, Temasek Holdings Ltd is now in discussion with Markit Group for the purchase of shareholdings estimated to be around US$500 million.
Permira planning to sell 10% of shareholdings in Hugo Boss. Hugo Boss share values dropped to its lowest in eight months in trading in Frankfurt, Germany after its majority ownership, Permira Advisers LLP said it is planning to sell off a stake in the German luxury brand clothier.
Westlake Chemicals purchases the pipe and foundation group business of Certain Teed. Westlake Chemical, the specialty chemicals producer, has purchased the business of Certain Teed, which includes PVC pipe, fittings, foundation and profiles.
OfficeMax faces suit from investor for breach of fiduciary duties. An OfficeMax Inc shareholder has filed suit against the directors of the company as it seeks to stop the takeover by Office Depot Inc.
Verizon CEO said that it would not pay premium for buyout of Vodafone in its joint venture. According to Verizon Communications CEO Lowell McAdam it would like to buy out its joint venture partner Vodafone but will not do so at any cost.
