Novo AS invests in Ophhtotech Corporation for the further development of drug Fovista. In an announcement made today, Ophthotech Corporation said it was able to raise US$175 million in funding to finance the global Phase 3 clinical program of its lead medication Fovista.
Investors
EMC Does Share Buyback and Dividend on Shares
EMC is undertaking a share buyback program as well as giving dividends on its shares. The world's largest manufacturer of storage computers, EMC Corp has expanded the budget for its share buyback plan by another US$5 billion.
Fiat to Purchase Rest of Chrysler
Fiat is preparing to purchase the rest of the shares of Chrysler through a loan being prepared by a number of banks.
Dish Ups the Ante for Clearwire
Dish Network increases its bid for Clearwire to US$4.40 per share. Dish Network increased its offer to purchase Clearwire Corp to US$4. 40 per share. At this price, the enterprise value of the wireless service provider is estimated at US$6.
IVP Invests in TuneIn
TuneIn announces its latest funding round led by Institutional Venture Partners worth US$25 million.
Latest News
Warburg Pincus leads a consortium to invest in Vingroup Joint Stock Co. The private equity owner of the Neiman Marcus Group Inc, Warburg Pincus LLC, would be leading a consortium that would invest nearly US$325 million in Vingroup Joint Stock Co of Vietnam.
Optus Satellite is being sold in an auction by owner SingTel to raise funds for its other corporate endeavors.
An agreement addressing national security concerns was entered into between Sprint Nextel, Softbank and the US government.
China Everbright Bank is currently preparing for an IPO in the Hong Kong Stock Exchange. China Everbright Bank Co, the Shanghai bourse listed firm, has filed an application for a Hong Kong share IPO sale with a volume worth US$2 billion.
Lenta is said to be planning an IPO at the London bourse as early as the fourth quarter of this year.
Cisco is seeking EU intervention on its claims of monopolistic effect of Microsoft's purchase of Skype.
Littlejohn makes an equity investment in Gulf Coast Shipyard Group Inc. Private investment firm Littlejohn & Co, LLC, based out of Greenwich, CT had announced that it made an equity investment in Gulf Coast Shipyard Group Inc.
FNF to purchase LFS for US$2.9 billion in cash and stock. Fidelity National Financial Inc, the US title insurer, in an announcement said that it would be purchasing Lender Processing Services Inc.
ugichem GmbH announces it has raised Eur2.25 funding round. The developer of an original antisense drug system, ugichem GmbH, has announced that it has raised Eur2.
