Johnson and Johnson accounted for 92.3% of shares bought back, complicating matters for the Royalty Pharma takeover of Elan Pharmaceuticals.
Deals
BTS Group Holdings PCL Infrastructure Fund Increases by 17.6%
The PCL Infrastructure Fund IPO increased by 17.6% from its unveiling price. The PCL Infrastructure Fund of BTS Group Holdings increased by 17. 6% during its trading debut last Friday.
Softbank Corp Bond Issue to Fund Sprint Bid
The dual tranche Softbank Corp bond issue proceeds would help fund the Sprint Nextel bid of the company.
IBM sells off server business to Lenovo
IBM has agreed to sell its x86 server business to Lenovo. The IBM Corp is discussing to sell off its x86 server hardware business to Lenovo Group, the Chinese computer manufacturer.
Seaworld IPO nets US$702 million
Seaworld sold 10 million shares at US$27 per share totaling US$702 million. SeaWorld Entertainment Inc is backed by Blackstone Group LP, which has priced the shares for initial public offering of the theme park operator at US$27 per share.
Latest News
CVC to purchase all of shares of Ista it does not already own. CVC, the private equity group is purchasing shares that it does not already own in Ista, the energy metering firm from Germany.
OPKO Health announced investment in OAO Pharmasynthez and partnership with Rusnano. OPKO Health Inc has announced that it would be investing about US$9.
Verizon's CFO is in the process of putting together a bid for Clearwire. The Chief Financial Officer of Verizon Communications Inc had confirmed that the telephone company is in the process of putting up a bid for Clearwire Corp for its wireless spectrum.
GBP5 million was raised in the latest Series A financing round for Fits.me. Fits. me announced today that its Series A investment round had reached approximately GBP5 million.
HitecVision acquires Deep Sea Mooring. HitecVision was pleased to inform the public on its hundred percent acquisition of the Deep Sea Mooring. In 2008, Odfjell Drilling established Deep Sea Mooring (DSM) from a domestic mooring service provider to one of the top three service providers of mooring for exploration and production companies and rig owners in Norway.
Lone Star and Wells Fargo would divvy up the assets of Commerzbank. Lone Star, the private equity firm, and Wells Fargo are in talks to purchase a GBP4 billion or US$6.
TerraSim is acquired by Riverside. Pittsburgh, Pennsylvania-based TerraSim, has been acquired by The Riverside Company. TerraSim has been added to Riverside's platform of Bohemia Interactive Simulations.
Allecra Therapeutics raise new funding. Edmond de Rothschild Investment Partners disclosed to the public the primary investment of BioDiscovery 4 through its participation in the Series A financing round of Allerca Therapeutics.
SolarWorld is seeking to find a compromise agreement with its creditors to avoid insolvency. SolarWorld is discussing with its creditors to finalize an agreement as to the restructuring of the company in the next two to three weeks.
