Franklin Templeton completed its buyout of Pelagos Capital Management. (Photo : Reuters)This is the logo of Franklin Templeton Investments. Franklin Templeton Investments finalized a deal to acquire the remaining 80 percent stake of Pelagos Capital Management, an investment firm focused in alternative investments.
Sectors
Tom Hayes Charged in UK Libor Manipulation Probe
Tom Hayes, former trader at UBS AG and Citigroup Inc. was charged into manipulation of London interbank offered rate.
Scott Sage promoted as DFJ Esprit partner
DFJ Esprit promoted its old employee, Scott Sage, to partner. DFJ Esprit recently announced the promotion of Scott Sage to partner. Sage has previously worked on the company as a venture capitalist and partner to many portfolio company decision-makers.
Airbus Confirms US$11 Billion easyJet Order
Airbus confirmed that US$11 billion deal with easyJet pushed through blowing away its US rival, Boeing.
CSM NV returns Eur250 million to shareholders, sells bakery business
CSM NV sold its bakery business to Rhone Capital while returning funds to its shareholders. CSM NV, a firm from the Netherlands, is giving back Eur250 million or $334 million, to its shareholders.
Latest News
A second option was added by Mengniu Dairy to its proposed acquisition for Calyle-backed Yashili International Holdings Ltd.
Nathan J. Kutt is hired as member of Hunton & Williams' financial section. Hunton & Williams LLP, a legal services provider to financial institutions, large scale companies, governments and personal aid, hired Nathan J.
Johnson Controls is looking to sell its automotive electric unit after competitors failed to gain buyout interest.
British bank Lloyds said that there had been no political interference on the firm to sell a total of 632 branches to the Co-operative Group.
According to two sources, Springer Science's owners have entered new and intense discussions with BC Partners after rejecting the latter's previous offered bid.
Itau Unibanco Holding SA announced on Monday acquisition of 51% stake in Cencosud's credit card business.
Canadian restaurant chain, Tim Hortons faces another pressure from activist investor, Scout Capital Management after its announced stake increase in the company by 5.5% from the previous 1.5% as of the end of March.
Johnson & Johnson announced that it would pay US$1 billion to Aragon Pharmaceuticals and its experimental drugs for prostate cancer treatment.
Last Tuesday, Third Point LLC announced that it had raised its stake in Sony Corp to 70 million shares valued at US$1.4 billion.
