Merck and Pfizer announce deal for the inclusion of ertugliflozin into current diabetes drug portfolios of the companies.
Corporations
Melrose Sells Tyman for US$200 Million in Cash
Melrose Industries sells off Tyman Hardware for US$200 million. Melrose Industries Plc, the engineering turnaround specialist, has announced that it would be selling off its North American hardware company.
Tim Hortons Inc Gets Boat Rocked by Activist Investors
Tim Hortons Inc is being forced by activist investors to undertake aggressive financial engineering despite healthy condition.
Z Energy Ltd to Open for IPO
Z Energy Ltd open for IPO in New Zealand. Z Energy Ltd's owners, a gas station conglomerate that provides one third of all of New Zealand's fuel needs, has appointed a number of banking institutions for the possible sale of as much as 60% of the company on the public bourse.
Glass Lewis Changes Tune
Glass Lewis changes tune on Occidental Petroleum Chairman Ray Irani. Investor advisory firm Glass Lewis has made an about face on its recommendation for voting preferences for Occidental Petroleum Executive Chairman Ray Irani.
Latest News
Apple, in the largest bond deal for the year, offers US$17 billion to assuage shareholder fears over falling profits and declining growth.
Yahoo, because of objections from the French government, has withdrawn its bid to acquire DailyMotion.
Veeva System to list IPO with the help of Morgan Stanley and Deutsche Bank AG. Software company, Veeva Systems, is planning to undertake an initial public offer of its shares.
Despite calls for his resignation, Vivendi Chairman Fortou remains steadfast in his plans for the company.
Judge rules the share-buyout provision in the offer is not violative of the law. In a ruling, a New York judge set aside a potential obstacle to sell the Empire State Building as part of an REIT IPO.
Shutterfly purchases and acquires MyPublisher. In an announcement calling the recent move as 'best in class', Shutterfly CEO Jeffrey Housenbold said that when MyPublisher is used with Shutterfly's cloud based system, the platform would 'set the standard for design, choice and quality in the personal publishing and social expression category.
FIT's management buyout plan supported by FF&P Private Equity and acquirer EEMG. The private equity arm of Fleming Family and Partners, FF&P Private Equity has supported the buy-in management buyout of FIT, the specialist energy efficiency business.
Aepona bought out by Intel Aepona, a cloud-based network solutions company, has been acquired by Intel. Amadeus Capital Partners is the biggest venture financier of Aepona.
Heinz shareholders approve Berkshire Hathaway-3G Capital buyout bid. Heinz is nearing total privatization. In an announcement, Heinz shareholders approved the acquisition by Berkshire Hathaway and 3G Capital.
