BGI-Shenzhen extends existing offer for common stock of Complete Genomics. BGI-Shenzhen announced that it would extend an all cash offer to purchase all outstanding shares of common stock for Complete Genomics Inc.
Deals
SAP Acquires SmartOps
SAP acquires SmartOps for long term plans. SAP AG announced that it is in the process of acquiring SmartOps, a provider of inventory and service level optimization software programming.
Living Social Forced on Concessions
LivingSocial was coerced to swallow a bitter pill for more capital infusion. LivingSocial was forced to accept large concessions in order to convince its biggest investors to infuse another US$110 million for the second largest daily deal firm.
Angel Telecom Acquires Vivaro Corp
Angel Telecom saves Vivaro from bankruptcy. In an announcement, Angel Telecom Corp said that on February 8, Next Angel LLC would come to fore. Next Angel LLC is a joint venture between Angel and Next Communications Inc and Marcatel Telecommunications LLC.
American Companies Expected to Boost Spending for 2013 As U.S. Economy Recovers, Analysis Reveals
Research shows that more companies in the U.S. are set to increase their spending for 2013, implying a boost for the American economy.
Latest News
Boeing purchases microprocessor unit of CPU Technologies. In its continued goal of protecting its fighter fleet from information lead attacks, Boeing has purchased CPU Technology Inc.
Elan profits from Tysabri sale offered to shareholders. Elan, the Irish drug firm has announced it would return US$1 billion to its shareholders from the proceeds of the sale of its stake in multiple sclerosis drug Tysabri to partner Biogen Idec.
Canada's OMERS pension fund poised to make major purposes in 2013. OMERS, one of Canada's leading pension funds, announced last Friday that it is now in the process of diversifying its portfolio away from traditional areas such as North America, the United Kingdom and Western Europe.
RBS to sell its stake in Citizens Financial through an IPO In a news report from the Telegraph, the Royal Bank of Scotland is to announce its plans to sell a portion of its interests in US retail banker Citizens Financial Group Inc.
ENI shipping and logistics to bring Rosneft oil to markets worldwide. ENI, the Italian gas and oil giant, has entered into a strategic partnership with Rosneft to explore trading and logistics opportunities in the energy market.
WSJ reports bid for Boston Globe pegged at US$100 million. According to a report from the Wall Street Journal, the New York Times Co received a formal offer on the Boston Globe in the amount of US$100 million.
Gardner Denver mulling over US$75 per share offer from KKR. Gardner Denver Inc. 's board would convene on Monday to consider the US$3. 7 billion offer by private equity firm KKR and Co.
No one is safe without the numbers, message sent to industry by Heinz buyout. The buyout of H. J. Heinz by Warren Buffett's Berkshire Hathaway and others have placed many food executives of known brands properly warned that they either shape up or be shipped out.
Rosneft buys TNK-BP for over US$40 billion. If all goes according to plan, Rosneft would be taking over control over its major rival, TNK-BP. The two Russian oil companies would then complete the oil industry's biggest takeover in history, three months before the agreed upon deadline.
