Iconic Hostess Brands to return to the market after bankruptcy issues were resolved. Hostess Brands LLC disclosed plans to reopen its bakery in Kansas by summer.
North America
Inflows Surprise Many Despite Gold Price Tumble
Analysts and traders saw great fund inflows despite tumbling prices of gold and other commodities. Despite record losses for gold and other precious metals, many hedge funds and speculators continued to pour money into these investments.
SEC Studying ETF Registration Process
The SEC is seeking to find ways to ease requirements to allow less complex ETFs to be registered with the bourse.
Investor Group Acquires Bennett Tool and Die Co.
Private investors acquire Bennett Tool and Die Co. A conglomerate of private equity funds acquired Bennett Tool and Die Co. , Inc. The conglomerate was comprised of private investors like InvestAsia, Jefferson Capital Partners, Capital for Business and Kansas Venture Capital.
Deadline for EDAC Offer Extended
Greenbriar Equity provides deadlines for shares of stock purchase bids. Greenbriar Equity Group disclosed through an announcement released today that the subsidiary corporation of GB Aero Engine LLC and a partner of Briar, GB Aero Engine Merger will give interested acquirers of EDAC Technology's outstanding shares of common stock until 5:00pm EDT of May 6, 2013 to finalize their offers.
Latest News
Quintiles set for IPO worth an estimated at US$748.6 million. The largest service provider of testing services to pharmaceutical companies, Quintiles Transnational Holdings is expecting to price its shares between US$36 and US$40 for its public listing.
A judge of the New York State Supreme Court is set to decide on whether the buyout provision for opposing investors is legal in the Empire State REIT case.
Escrow.com and Artprice jointly develop processing of transactions for global online escrows in purchases using the system.
PT Mitra Pinasthika Mustika, which is owned by Saratoga Investama Sedaya holds IPOs for its firms. Automotive distribution conglomerate PT Mitra Pinasthika Mustika of Indonesia is planning to raise about 2 trillion rupiah or US$206 million through an initial public offering in May.
Clean Line purchases the Power Network for an undisclosed amount. An agreement has been signed between Clean Line Energy Partners LLC with Power Network New Mexico for the acquisition of a proposed 200 mile 345 kilovolt transmission line.
Only two private equity firms are in the running for Onex Corp's Carestream Health Inc as others pulled out citing uncertain outlook for the company's future.
Dynamic Yield raises US$2 million in Series A funding. Dynamic Yield announced today that it was able to raise $2 million in its Series A funding round.
Glass Lewis joins ISS in supporting the split of Timken into its bearings and steel businesses. Glass Lewis, the activist proxy advisory firm, had told its Timken Co shareholders that the non binding proposal to break up the company's ball bearings and steel business is a good move.
Vaportherm receives US$29 million for its financial round. In a press release, it was disclosed that Vaportherm closed a US$29 million financial round last 12th of April 2013.
