In an all stock deal, Kinder Morgan Energy purchases Copano. The role shale oil production in the United States continues to drive the growth of the energy sector.
Corporations
Geodynamics Seeks New Partner
Geodynamics seeking new partner for its Innamicka project located in central Australia. Geodynamics is a firm whose business explores the underground as a means to harness the power generated from hot rocks.
WhiteWave Foods Company to be Spun off by Dean Foods
Dean Foods spins off WhiteWave Foods. US based food and beverage company, Dean Foods Company, signed the spin off from The WhiteWave Foods Company. In an announcement, the board of directors had consented to the distribution of the residual equity interest in The WhiteWave Foods Company to stockholders of Dean Foods.
Sinopec Kantons IPO Plan Submitted
Sinopec Kantons, a division of state owned Sinopec, is planning an IPO. The logistics and trading unit of Sinopec, Sinopec Kantons Holdings, is planning to raise US$353 million through a stock offer.
Smith & Nephew to Conduct Share Buyback Programme
Smith & Nephew to conduct share buyback programme for its shareholders. Smith & Nephew, the medical devices manufacturer, is now conducting a cash return program to its shareholders through a US$300 million repurchase program.
Latest News
3D Systems acquires RPDG for an undisclosed sum. 3D Systems, in a bid to expand its capacity to manufacture parts on demand, has acquired Rapid Product Development Group.
Dreamworks purchases AwesomenessTV for at least US$150 million. In a move to secure an online platform for its family oriented movies, DreamWorks Animation SKG has entered into an agreement to purchase the YouTube network AwesomenessTV.
Texas Instruments sells debt bonds at 0.45% coupon in a two part offer to amount to US$1 billion. Texas Instruments is one of the companies that have sold a three year debt note with a record low 0.
Lightsource to invest in new solar facilities in the UK. The UK developer that installed a sun-energy collecting project at the roof of Bentley Motors Ltd, Lightsource Renewable Energy Ltd, announced it may invest as much as GBP400 million or US$623 million in 2013 for solar facilities in the United Kingdom.
Loblaw, even with the highly competitive market, announces profit earnings for the year. Loblaw Cos Ltd, the largest food retailer in Canada, has reported a 40% increase in its first quarter profit earnings.
Actavis purchases Valeant's antibiotic vaginal gel worth US$55 million. Actavis, the generic pharmaceutical firm, has purchased the global rights to Valeant Pharmaceuticals International's antibiotic vaginal gel.
In a cash and share combination purchase, NV5 acquires Consilium Partners. NV5 Holdings Inc is in the business of providing of professional and technical engineering and consulting solutions.
GDF Suez and Santos may seek partners and/or investors for offshore Bonaparte LNG project. Australia's third largest oil production company, Santos Ltd has announced that the proposed Bonaparte floating LNG venture with GDF Suez SA off the northen coast may require another partner.
Coda Holdings sought bankruptcy protection in Wilmington, DE, with the Coda Electric Car manufacturing unit as among the assets to be sold off.
