Pfizer Ltd, the Indian unit of U.S. drug maker Pfizer Inc, is to take over local affiliate Wyeth Ltd. Shareholders of Wyeth will get seven Pfizer Ltd shares for every 10 shares held.
Merrill Lynch
Chrysler Group LLC appointed Barclays Plc, Goldman Sachs Group, Morgan Stanley and UBS AG to help underwrite its proposed initial public offering slated in December. Chrysler filed for an IPO in September.
Medical device company Tandem Diabetes Care raised USD120 million in its listing. The company had put up for sale 8 million shares of common stocks priced at USD15 each share.
Stamos Capital Partbers reacquired its stakes from Merrill Lynch & Co and its two other partners.
The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.
Merrill Lynch offices in New York and Washington D.C. hired advisers from rival, Morgan Stanley.
Oracle Corporation announced the pricing of their US$500 million floating rate notes.
A research analyst said that investment banks are eyeing a launch of hedge funds targeting the retail sector.
Outflows continue in record breaking fashion, as a total of $23 billion, the biggest since 1992, was reported.
Corporate Office Properties Trust (COPT) (NYSE: OFC) announced the pricing of its public offering of 6,000,000 of its 7.375% Series L Cumulative Preferred Shares with a liquidation preference of $25.00 per share.
bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies.
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