BlackBerry, a Canada based struggling smartphone manufacturer, had been more open to a company breakup amid concerns that its biggest shareholder Fairfax Financial Holdings Ltd would not be able to find funds or partners for a proposed USD4.7 billion buyout deal.
Corporations
Synaptics acquires finger-based authentication startup Validity for USD255 million
Synaptics Inc recently acquired Validity Sensors, Inc for USD255 million to obtain access to a profitable biometrics market.
The saga of the Jet Airways and Etihad Airlines deal
Jet Airways and Etihad Airlines literally went through the proverbial eye of the needle, through the eye of the storm and weathered a broken camel's back to finalize its deal.
Men's Wearhouse snubs Jos. A. Bank buyout offer just hours after public announcement
Men's Wearhouse snubbed the USD 2.3 billion takeover offer from Jos. A. Bank just two hours after it was made publicly.
India's shrinking market and declining rupee affecting FMCG market
For the third straight quarter, India's consumer goods market had declined and this was attributed to a larger number of market players and declining consumer spending ability.
Latest News
Indian Oil Corporation remained to be the sole bidder for the 31% stake of Haldia Petrochemicals, said The Economic Times report.
The privatization deal for Royal Mail had received a government estimated number of more than 700,000 applications for the company's shares, said a Reuters report.
Men's Wearhouse had rejected the takeover offer of Jos. A. Bank valued at USD2.3 billion in cash as the company deemed the bid to be inadequate, said a Reuters report.
After a Moody's advisory, Winsway was able to leverage a buyback of its bonds at a third of its original value.
For the price of USD1.6 million, Lionbridge Technologies gains a foothold in the Chinese market as well as expand its revenue clientele through the acquisition of E5 Systems.
After receipt of shares in Seagate Technology as payment, Samsung is now reselling the shares back to the Dublin based firm for USD1.51 billion.
Rhiag had entered into definitive agreements for its acquisition by Apax Partners through its Apax Fund.
Spinal medical device company LDR Holding would hold an IPO over five million shares of common stock this week.
Warburg Pincus' Antero Resources had priced above its planned IPO range that valued the company at USD11 billion, said a Reuters report.
