Bayer AG purchases Steigerwald for an undisclosed amount. The largest pharmaceutical firm in Germany, Bayer has announced it has agreed to purchase Steigerwald Arzneimittelwek GmbH, a privately owned maker of herbal medications.
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Sun Capital Offers Emerald to the Market
Sun Capital offers Emerald Performance for the tidy sum of US$700 million. Sun Capital Partners, the US private equity firm, is offering to sell specialty chemicals firm Emerald Performance Materials in a deal purportedly worth US$700 million.
Blackstone Creates High Risk Fund
Blackstone, believing in the high risk high reward appetite of the market, is creating a fund for the riskiest of trades.
NY Life Insurer to Exit Taiwan Market
The New York Life Insurance Co is set to divest itself of its Taiwanese business with the sale to be done.
S&P Downgrades Berkshire Hathaway
S&P downgrades Berkshire Hathaway from AA plus to AA. Standard and Poor's, the renowned credit rating agency, has announced that it would be cutting Berkshire Hathaway's rating from 'AA plus' to 'AA'.
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Vikram Pandit, the former CEO of Citigroup would be part of the JM Financial management team to grow the business.
Dnata purchases shares of Air France-KLM in Servair Airchef. Dnata, the Emirates airline services arm has purchased Air-France KLM's shareholdings in a joint venture catering business in Italy.
When break even price achieved for Lloyds TSB shares, then Britain would be able to divest its shareholdings in the bank.
Elliott Management withdraws proxy fight with three board seats on the Hess board prior to elections.
BitPay Inc receives another US$2 million in seed money. Bitcoin's payment processor, BitPay Inc. , announced on Thursday that it was able to raise additional US$2 million from its initial capital growth financing round headed by the Founders Fund.
Accel Partners invest funds into Airwatch development. AirWatch, said on Thursday that Accel Partners invested US$25 million in their company. The world- renowned innovator in mobile security and biggest provider of Enterprise Mobility Management (EMM) has over 6,500 clients with an estimated 1,200 associates worldwide.
Erste Group Bank has confirmed the ability to pay off state bailout funds but did not provide a schedule for the same.
Telus Corp buys Mobilicity for the hefty sum of Can$380 million or US$370 million. One of the largest wireless phone companies in Canada, Telus Corp, announced Thursday that it would purchasing Mobilicity for the cost of Can$380 million or US$370 million.
Novartis, through its spokesperson, reiterates its statement that it is not interested in bidding for Actavis.
