Fosun International purchases Alma Lasers, where the latter was advised by Harris Williams. Harris Williams, one of the foremost middle market investment banks in the world, recently announced the sale of Alma Lasers to the subsidiaries of Fosun International.
Corporations
Suntory to Hold Largest IPO in Japan to Date
Suntory Holdings is preparing for an IPO that is projected to be the largest in Japan to date. In what is projected as the largest initial public offer in Japan this year, Suntory Holdings Ltd is projecting to net as much as 476 billion yen or US$4.
Clearwire to Postpone Shareholder Vote
Clearwire set to postpone the shareholder vote on Sprint-Nextel's offer in light of the new and improved offer from Dish Network.
Fiat to Wait for Verdict on Share Valuation
Fiat would await the Delaware court verdict on the valuation of VEBA held shares in Chrysler before commencing the merger of Chrysler and Fiat.
EMC Does Share Buyback and Dividend on Shares
EMC is undertaking a share buyback program as well as giving dividends on its shares. The world's largest manufacturer of storage computers, EMC Corp has expanded the budget for its share buyback plan by another US$5 billion.
Latest News
Novo AS invests in Ophhtotech Corporation for the further development of drug Fovista. In an announcement made today, Ophthotech Corporation said it was able to raise US$175 million in funding to finance the global Phase 3 clinical program of its lead medication Fovista.
Optus Satellite is being sold in an auction by owner SingTel to raise funds for its other corporate endeavors.
An agreement addressing national security concerns was entered into between Sprint Nextel, Softbank and the US government.
China Everbright Bank is currently preparing for an IPO in the Hong Kong Stock Exchange. China Everbright Bank Co, the Shanghai bourse listed firm, has filed an application for a Hong Kong share IPO sale with a volume worth US$2 billion.
Lenta is said to be planning an IPO at the London bourse as early as the fourth quarter of this year.
Cisco is seeking EU intervention on its claims of monopolistic effect of Microsoft's purchase of Skype.
FNF to purchase LFS for US$2.9 billion in cash and stock. Fidelity National Financial Inc, the US title insurer, in an announcement said that it would be purchasing Lender Processing Services Inc.
Britain's Crown Estate enters into a joint venture agreement with Canada's Oxford Properties for the redevelopment of the St James district.
Kazakhmys sells off MKM to an undisclosed buyer. Kazakhmys, the copper mining firm from Kazakhstan, announced last Tuesday that it had sold MKM, its semi-finished copper products business in Germany.
