US investment firm Starboard Value LP voiced his opposition of the Smithfield Foods Inc.'s takeover bid by Shuanghui International Holdings Ltd. in a letter addressed to his co-shareholders on Tuesday.
North America
Microsoft will buy Nokia's handset biz using USD60 billion offshore holdings - report
According to an investigative report by the Huffington Post, Microsoft Corp would be dipping into its USD60 billion offshore holdings to finance its Nokia handset business acquisition in cash.
Lithium Technologies receive USD50 million in latest funding round
Nearly USD50 million was received by Lithium Technologies in its latest funding round. One of the developers of social-networking software solutions for firms, Lithium Technologies Inc, announced the raising of USD50 million during a funding round.
Jeff Bezos will apply Amazon approach at Washington Post
In an interview conducted by newly-acquired newspaper the Washington Post, Amazon.com Inc. CEO Jeff Bezos said that he would be applying his management style in Amazon to the beleaguered newspaper.
Deutsche Bank AG announces hiring of Mark Montana
Mark Montana was introduced as Deutsche Bank's new head of equity trading for the Americas. The biggest bank in Germany, Deutsche Bank AG, announced the hiring of Matt Montana to head its equity trading for its asset and wealth management division for the Americas.
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Vivus Inc. announced a new chief executive officer in the person of former Johnson & Johnson executive Seth H. Z. Fischer after Tony Zook resigned due to health issues.
According to Michael Dell, three proxy firms had recommended shareholders to vote for the founder's offer to take the computer maker private.
Platinum Equity announced the closing of Fund III with USD 3.75 billion. Global merger and acquisitions firm Platinum Equity announced that it scored USD 3.
The Riverside Company announced its purchase of Rutland Plastics for an undisclosed amount. The Riverside Company announced that it had purchased Rutland Plastics.
Pamlico Capital places a significant equity investment in Physicians' Endoscopy. The management team of Physicians Endoscopy with Pamlico Capital announced the completon of an equity investment in Physicians Endoscopy LLC.
Aquiline Capital Partners and Genstar Capital Management announced that they had closed their acquisition of Genworth Wealth Management in a deal valued at USD 412.5 million.
Ares Commercial Real Estate Corporation said today that it has closed a previously announced deal to acquire Alliant Capital LLC.
The Hillshire Brands Company announced today that it had signed a definitive agreement to acquire Golden Island jerky products.
In an announcement, Actix was acquired by Amdocs for a purchase price of USD120 million. One of the leading providers for customer experience services and systems announced its entry into an agreement to purchase privately held Actix for the price of USD120 million in cash.
