Budco announces the acquisition of South Shore Venture Enterprises. In an announcement by the leading company on marketing solutions, Budco, it disclosed today of the purchase of South Shore Venture Enterprise LLC.
Sectors
UMW Holdings Bhd to do IPO of its oil and gas subsidiary
UMW Holdings to sell off 39% of its oil and gas subsidiary through an IPO. The Malaysian industrial to automotive conglomerate, UMW Holdings Bhd, is preparing plans to sell of 39% of its oil and gas production unit through an initial public offer.
Skymall merges with subsidiary of Xhibit Corp.
Skymall merges with Xhibit Corp to form a world class platform of services and relationship. The Phoeniz. AZ based specialty retailer and partner for the loyalty marketplace, Skymall has entered into a merger agreement with a subsidiary of Xhibit Corp, the leading provider for digital marketing and advertising solutions.
Morrisons Signs 25 year deal with Ocado
Morrisons, the UK supermarket retailer signs 25 year deal with online grocer Ocado. British retail chain Morrison has invested more than GBP200 million for a twenty five year agreement with online grocer Ocado.
ECB Further Cuts Interest Rates
ECB cuts interest rates to nearly zero to help bank liquidity amidst the current Eurozone recession.
Latest News
Gildemeister has clarified the regulatory website information published as to the plans of Mori Seiki.
Snoro Lizingas UAB purchased from bankrupt Bankas Snoras by LHV Pank AS and RAZfin of Lithuania. Estonian banking group, LHV Pank AS together with RAZFin of Lithuania have agreed to purchase Snoro Lizingas UAB from bankrupt Lithuanian bank Bankas Snoras AB.
SEC Commissioner Gallagher says one cannot outsource their fiduciary duties. According to a high ranking US securities regulator, lawmakers should review the role that advisory firms play during corporate regulations and determine if regulatory measures are necessary to allow them greater roles during the process.
Scarosso, the high end shoe brand, announced that it has raised new funding from its Series A capital round.
Pebble announces the raising of US$15M in funds during Series A capital round. In an announcement by Pebble, the creator of the e-paper smart watch that links to Android smartphones and iPhones, disclosed that it was able to receive US$15 million in Series A growth financing round from Charles River Ventures.
Jain Irrigation and State Bank of India to provide assistance to Indian farmers. The largest lending institution in India, the State Bank of India, is working out a partnership with Jain Irrigation Systems Ltd, the largest irrigation equipment manufacturer in Asia, to provide planned assistance to Indian farms in the reduction of water usage yet at the same time increase productivity.
Corvex and Related Fund have been trying to takeover CommonWealth REIT but has been thwarted by the provisions in the REIT bylaws.
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, believing in the high risk high reward appetite of the market, is creating a fund for the riskiest of trades.
