Schroders pays GBP 424 million for 200 year old Cazenove Capital. Schroders, the UK based fund manager announced that it would pay GBP 424 million or US$646 million to purchase Cazenove Capital.
Deals
HSIL Sells off Glassware Subsidiary
The sanitary wares giant recently sold its glassware subsidiary for an undisclosed amount. HSIL Ltd recently sold off its entire shareholdings over AGI Glasspack Ltd.
Shire Makes Second Ophtha Purchase
Shire pay US$160 million for SARcode Bioscience. Shire recently announced its purchase of privately owned US biotech firm SARcode Bioscience. The acquisition was worth US$160 million and central to the deal is the rights over a new drug in the late stages of development that helps cure dry eye disease.
Sherpa Raises US$1.6 Million
Sherpa was able to raise from investors and venture capitalist US$1.6 million for its project ventures.
CDW Preparing for IPO
CDW has filed papers of its IPO with the SEC. CDW Corp had filed documentation with US regulators reporting the raising of US$500 million in its initial public offering.
Latest News
CSM sells off bakery supplies business to Rhone Capital for Eur850 million. CSM, the Dutch food ingredients conglomerate had announced that it sold its bakery supplies business for Eur850 million or US$1.
Dell is now hunkering down to make a better and higher offer than others have made for the company he had founded.
Energy company Total and Norwegian oil services firm Aker Solutions have signed an agreement in which the latter will deliver a subsea production for the Moho Nord Project in Congo Republic.
Fund manager Schroders has signed an agreement to buy Cazenove Capital for 424 million pounds, a deal that would merge the two oldest names in the city of London, England.
CMS is selling its bakery supplies business to Rhone Capital to focus on other profitable ingredients.
CVC Capital and RBS has sold off its shareholdings over the Luxembourg based luggage maker Samsonite.
Apple Inc. has purchased WifiSlam, a developer of mapping applications for smart phones. Apple Inc. has acquired WifiSlam, a startup in Silicon Valley that creates mapping applications for smart phones.
A total of 528 million shares in Samsonite International were sold by Royal Bank of Scotland and private equity firm CVC Capital Partners as they exit in the Luxembourg-based company.
The planned merger of Hapag-Lloyd and Hamburg-Sued has been cancelled when the two container shipping companies disagree on some terms.
