VENTURE CAPITAL POST

Freeport-McMoRan has signed a definitive deal with Sumitomo in order to sell its 13% interest in Morenci for $1 billion cash. The company intends to utilize the transaction proceeds to repay its bank loans.

Japan-based Sumitomo Corp agreed to acquire Australia-based Emerald Agribusiness Group Pty. The purchase allowed the Japanese trading firm to control the storage facilities and export terminal of Emerald, Bloomberg reported.

North Carolina, US-based diagnostic and research service provider Metabolon Inc announced that it has closed $15 million in Series E financing through preferred stock issuance.

The purchase of Baton Rouge-based Edgen Group Inc was finally completed by Japan's Sumitomo Corp and Sumitomo Corporation of America in an acquisition deal valued at USD520 million.

Glencore Xstrata and Sumitomo Corp purchase 50.1% shareholdings in Clermont mine amidst increasing Asian demand for coal.

Japanese firm Sumitomo Corp would be buying Los Angeles-based steel products maker Edgen Group Inc in a USD520 million deal, according to Reuters.

Devon Energy Corp (DVN.N) said on Wednesday Japan's Sumitomo Corp (8053.T) will take a 30 percent stake in 650,000 shale acres Devon controls in the Permian Basin in a $1.4 billion deal.

U.S. private equity firm Bain Capital will buy a 50 percent stake in Jupiter Shop Channel.