LVMH takes over majority of Loro Piana for US $2.57 billion LVMH Moet Hennessy Louis Vuitton agreed to buy 80% of Loro Piana SpA, one of the premier textile producers in Italy, for US $2.
Investors
RSA, Aveksa merger seen to accelerate IAM solutions for businesses
Leading cloud computing solutions acquires company known for identity and access management. EMC Corp. announced the acquisition of Aveksa Inc. , one of the leading companies in identity and access management (IAM) for businesses.
Fiat still in negotiations with VEBA over Chrysler stake
Fiat's Chief Executive verifies that talks are still ongoing over Chrysler buy out. Sergio Marchionne, Chief Executive of Italian carmaker Fiat, has confirmed that negotiations to buy the 41.
Terra Nova Energy Issues Notes to Raise Money for Onshore Venture
The oil and gas company released convertible notes worth US $1.905 million to fund project in South Australia.
WebAction, Inc seals US$ 11 million financing
The data server company clinched a deal with Summit Partners to fund its expansion. Real-Time Big Data Server company WebAction, Inc announced that it has clinched an US$ 11 million financing for research and development expansion, sales and marketing investment increase and other business expansion endeavors.
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Advantage Insurance enlists the help of GSO Capital Partners, a Blackstone Group affiliate, as its portfolio advisor.
Friendly's Ice Cream LLC takes over the American-themed company, which has over 300 corporate and franchises.
Edward (Ted) Marple takes the lead of the research organization as its founder Paul Wengender focus on the business aspect.
The company, more popularly known for its sewing machines, aims to rake in as much as US$200M from IPO.
Osram Licht AG's shares dropped by 2.4% and settles at Eur 23.65 on Monday Osram Licht AG, a German lighting and specialty lighting manufacturer second only to Philips, saw a drop in its shares by 2.
Avnet Inc. publicized that it entered an agreement to purchase the European distributor, MSC Investoren GmbH.
Allergan Inc became US$9.6 billion cheaper for acquirers who would want to purchase the Botox wrinkle treatment.
Citigroup's private equity firm, Citi Venture Capital International would buy India's Sansera Engineering for US$56 million.
In a conference held today, the IEA said that they need US$300 billion to finance the Power Africa project.
