Sharp is selling off its 9.2% shareholdings in Pioneer Corp. Sharp Corporation of Japan has announced it is selling off its 9. 2% shareholdings in car electronics manufacturer Pioneer Corp.
Deals
L&T To Buy Out Komatsu
L&T Komatsu will cease to be as L&T would buy out Komatsu's shares in the joint venture. Larsen and Toubro Ltd will buy out Komatsu Ltd's 50% share in their joint venture.
Barington Urges Focus for Jones Group
The hedge fund Barington urges cutting of costs and expansion of board of directors for the Jones Group.
WorldPay raises $1billion of new loans
WorldPay, a British payment processing company, will now have funds to pay a dividend and repay an expensive mezzanine loan with a new 700 million pound-equivalent ($1.8 billion) loan it had successfully raised.
Portola Pharmaceuticals to List IPO
An IPO is to be made of shares of Portola Pharmaceuticals expecting a return of US$150 million. An application to offer through initial public offering shares of stock from Portola Pharmaceuticals has been filed with regulatory authorities.
Latest News
ChannelAdvisor has filed documents with the SEC to offer its shares in an IPO. ChannelAdvisor's main business is helping companies sell goods and services on the Internet has recently applied for listing through an initial public offer.
Praxair purchases CO2 assets of Tri-State Carbonic LLC. Praxair Inc, the industrial gas producer and supplier had announced earlier that it had acquired the carbon dioxide interests of Tri-State Carbonic LLC.
Salini wins approval of the increase of its shareholdings in Impregilo. Salini, the family owned construction firm from Italy, has increased its shareholdings in its chief competitor Impregilo.
Reliance Steel acquires Metals USA to merge with RSAC Acquisition Corp, a subsidiary of Reliance Steel.
The long awaited acquisition by Ecolab of Champion Technologies has been cleared of anti-trust issues by the Justice Department.
Rally Software's IPO price topped US$14, above the US$13 per share initial pricing. The initial public offering of Rally Software Development rose by 27% in Friday midday trading after the company priced its shares at US$14.
Heinz buyout is a deviation from Buffett's known acquisition formula. At the announcement of the deal to acquire Heinz, the venerable Warren Buffett had stamped his approval with then CEO Bill Johnson.
WorldPay was able to raise US$1.08 billion loan equivalent for dividend and debt payment purposes. WorldPay, the payment processing company from Great Britain, has announced the success in its raising of a GBP700 million or US$1.
Avago Technologies have recently acquired CyOptics to bolster its fiber optics portfolio. At Thursday's trading session, Avago Technologies share values remained relatively unchanged when it announced the acquisition of CyOptics.
