Shareholders vote for acceptance of TPG offer. In an announcement today by Assisted Living Concepts, Inc. , it was disclosed that its stockholders have voted to accept the earlier disclosed merger agreement with associates of TPG.
Corporations
Altron offers buyout of Altech shareholders
Altron offers to purchase all the shares it does not already own in Allied Technologies. Allied Electronics, a major player in the South African consumerelectronics market, has formally offered to purchase all the share capital in Allied Technologies Limited that it does not already have in its portfolio.
Polar System Launched by Summit Investments
Summit Midsteam announced the operation of the Polar System at the North Dakota project. Summit Midstream Partners, LLC announced today that the operations of the Polar Crude Oil and Water Gathering System ("Polar System") in the Bakken Shale Play in Williams County, North Dakota have commenced near full capacity.
Syniverse and Mach merger to be approved by EU regulators
Syniverse and Mach agrees to conditions set by EU regulators. Syniverse Technologies, the US telecoms services firm, is preparing for the receipt of the European Union antitrust regulatory approval for the Eur550 million or US$710.
Marketo Prepares for its IPO
Marketo to sell off a total of 6.06 million shares of both company owned and shareholder owned shares at its IPO.
Latest News
Budco announces the acquisition of South Shore Venture Enterprises. In an announcement by the leading company on marketing solutions, Budco, it disclosed today of the purchase of South Shore Venture Enterprise LLC.
Gildemeister has clarified the regulatory website information published as to the plans of Mori Seiki.
Jain Irrigation and State Bank of India to provide assistance to Indian farmers. The largest lending institution in India, the State Bank of India, is working out a partnership with Jain Irrigation Systems Ltd, the largest irrigation equipment manufacturer in Asia, to provide planned assistance to Indian farms in the reduction of water usage yet at the same time increase productivity.
Sun Capital offers Emerald Performance for the tidy sum of US$700 million. Sun Capital Partners, the US private equity firm, is offering to sell specialty chemicals firm Emerald Performance Materials in a deal purportedly worth US$700 million.
The New York Life Insurance Co is set to divest itself of its Taiwanese business with the sale to be done.
China's State Grid Corp purchases 19.9% shareholdings in SP AusNet for US$802 million. In an announcement, the State Grid Corp of China is purchasing shareholdings in an Australian electricity network company.
Bayer AG purchases Steigerwald for an undisclosed amount. The largest pharmaceutical firm in Germany, Bayer has announced it has agreed to purchase Steigerwald Arzneimittelwek GmbH, a privately owned maker of herbal medications.
Telus Corp buys Mobilicity for the hefty sum of Can$380 million or US$370 million. One of the largest wireless phone companies in Canada, Telus Corp, announced Thursday that it would purchasing Mobilicity for the cost of Can$380 million or US$370 million.
Novartis, through its spokesperson, reiterates its statement that it is not interested in bidding for Actavis.
