Cynosure purchases Palomar's light based technology for US$294 million. Cynosure Inc has purchased Palomar Medical Technologies for US$294 million.
Sectors
New Oriental Shares Jump on Ambow Bid
Ambow speculative bid for New Oriental spikes shareholder values. The share value of New Oriental Education and Technology Group Inc jumped the largest since July 2012 as a speculative bid by Ambow Education Holding Ltd was said to be on the table.
Paulson & Co Seeking Suit Dismissal
Paulson moves for suit dismissal alleging lack of obligation. Paulson and Co has sought the dismissal of the lawsuit that alleged the firm conspired with Goldman Sachs Group Inc to entrap the bond insurer to guarantee payments for an investment scheme that is designed fail.
Settlement by Citigroup reaches US$730 million
Citigroup settles investor suit amounting to US$730 million. Citigroup Inc has agreed to settle a class action suit on behalf of its investors to the amount of US$730 million.
Safeway Subsidiary Files for IPO
Safeway's Blackhawk to open up for IPO. The gift card and payment service unit of Safeway Inc, Blackhawk Network Holdings Inc, has filed with federal regulators an application for an IPO of Class A common stock amounting to US$200 million.
Latest News
The two refineries of Valero are not for sale according to CEO. In a statement, the head of Valero Energy Corp would not be selling off its two refineries located in California.
The partnership between the NFL and Providence Equity would focus on sports and entertainment assets.
Agrium gets backing from two major stockholders against Jana Partners proposals. Agrium Inc, the Canadian agricultural company received additional support in its proxy fight with Jana Partners, the hedge fund firm.
Bahri's purchase of Aramco's Vela fleet now needs to be paid through sukuk bond issue. Saudi Arabia's National Shipping Co's acquisition of Saudi Aramco's marine subsidiary placed it in debt.
Sunac Greentown venture purchases land in Shanghai's Huangpu District for US$1.45 billion. Greentown China Holdings Ltd and Sunac China Holdings Ltd forged deeper bonds when it purchased a Hong Kong holdings company that has central Shanghai land assets in its portfolio.
Ratos and Bonnier to merge cinema interests in Nordic region. Ratos, the private equity firm and Bonnier the publishing giant has agreed to the merger of their cinema chains Finnkino and SF Bio respectively.
Rate cuts instituted to entice investors to capitalize with Fidelity China. Fidelity, the fund manager, announced that management charges paid annually on Anthony Bolton's Fidelity China Special Situations Investment Trust by investors will have a price discount.
Saudi Electric would float new sukuk bonds through two banks. The Gulf region's largest utility company, Saudi Electricity Co has chosen two banks to schedule meetings with fixed income investors from Europe and North America for possible debt agreements.
Suntech would be the first Chinese company to default on unpaid bonds. Suntech Power Holding Co. Ltd. received a notice of default yesterday from its trustee handling their $541 million in bonds outstanding.
