Elan Corp pulls off deal for Theravance respiratory medication royalties from GlaxoSmithKline. Elan Corporation, the Irish pharmaceutical firm has entered into an agreement on royalties to alleviate concerns about its acquisition strategy as well as be able to blunt the takeover bid of Royalty Pharma.
Leveraged Buyouts
Straits Trading Accepts Bid from United Engineer's Ltd
Straits Trading accepts bid from United Engineer's Ltd. The Straits Trading Co. , the single largest shareholder in WBL Corp has set a new bar for its share prices after it accepted the United Engineer's Ltd's bid for the dealer of the renowned Bugatti cars.
Icahn recommends alternate Dell Board of Directors
Icahn recommends new Board of Directors for Dell. The special committee of the board of directors of Dell Inc has formally asked Carl Icahn for specific details of the plan to be implemented that would have the computer maker pay dividends and issue shares as he has proposed.
Twitter Acquires Lucky Sort
Twitter acquires Lucky Sort for ramping up of its keyword ad tool functionality. Twitter CEO Noah Pepper recently announced the acquisition of Lucky Sort in order to boost its ad sales and reporting functionality.
Mercator Bids Down to Two
Mercator, the largest retailer of food products in Slovenia has received two bids, one from regional rival Agrokor and investment firm Mid Europa Partners.
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Patron Capital Partners is planning to spend nearly Eur1 billion for property purchases in Germany. Patron Capital Partners is a private equity company that does investments in a number of real estate projects throughout Europe.
Danone purchases organic baby food maker Happy Family for an undisclosed amount. The Paris based owner of Evian water and Activia yogurt, Danone, has entered into an agreement to purchase Happy Family, an American manufacturer of organic baby food.
Goldman Sachs invests US$20 million in BPL Medical Technologies, its second investment in as many weeks.
Masayoshi Son, Softbank co-founder and President is planning to build a Silicon Valley office for the merged Softbank-Sprint company.
Fresenius CEO Ulf M. Schneider is on the lookout for deals for the expansion of the German group. Fresenius SE, the diversified healthcare group from Germany, has identified possible firms for ripe for takeovers.
Icahn, seeking to fight off the Dell-Silver Lake bid, is asking investors to dig deep and put their money on the computer maker.
The Gores Group purchases Davis+Henderson Corp. In an announcement from the Gores Small Capitalization Partners, LP disclosed its purchase of Davis + Henderson Corporation's three company units in Canada.
Softbank waived the Alibaba IPO card to banks, saying their help in funding the rival bid can ruin their chances in participating in the highly anticipated IPO, which it owns one third of.
ISS and Glass Lewis provide opposing advisories to Clearwire shareholders regarding the takeover bid of Sprint-Nextel.
