Business software maker Model N share values jump by 44%. Share values of Model N increased by 44% at its trading debut with a market valuation reaching US$500 million.
Corporations
Barclays Discloses 14.2 Holding in Ziggo
Barclays has decided to declare a 14.2 percent stake in Dutch cable company Ziggo following its failure to find enough buyers for the shares in a sale.
Vimpelcom Taps UBS to Manage Wind Mobile Sale
Telecom group Vimpelcom is tapping UBS to supervise the sale of its Canadian unit Wind Mobile, which is being valued between $500 million and $1 billion.
First Quantum Has Shareholder Support to Acquire Inmet
First Quantum Minerals Ltd. says it has enough support from its shareholders to buy rival Inmet Mining Corp. in a C$5.1 billion deal.
BP Gives $8 billion Back to Shareholders After TNK-BP Sale
BP is set to return $8 billion to investors using a share buy-back programme after it promised last October to offset any dilution to earnings per share from TNK-BP Sale.
Latest News
Abertis's airports sale mulling offers. Abertis, the infrastructure firm from Spain, is reviewing non-binding offers for its airports business es until the end of March.
Atkins Pharma delivers new highs for new owners Roark Capital. The recovery of Atkins Nutritionals has been attributed to a US$425 million recapitalization.
Incumbent HP Board wins new term narrowly despite shareholder discontent. In a tense shareholders meeting, Hewlett Packard Co re-elected its board with erstwhile Chairman Ray Lane and three other board members keeping their seats with a narrow vote margin.
Life Tech gains interest from buyout consortiums and pharmaceutical firms. Life Technologies Corp is up for sale and many important players in the industry are taking notice.
Court approves sales of Hostess brands. In a decision, the bankruptcy court judge decided that the Hostess Brand would be allowed to be sold to prospective buyers.
REIT American Realty offers to buy Cole Credit. American Realty Capital Properties Inc, the American real estate investment trust, announced that it offered to purchase unlisted Cole Credit Property Trust III Inc.
Vivendi is planning to spin off SFR. Vivendi is deeply contemplating the separation of its largest subsidiary, SFR from the main company. SFR is the conglomerate's mobile telecoms operator in France.
Blacberry founder forms Quantum Science fund for technology development. The venerated inventors of Blackberry Mike Lazaridis and Doug Fregin are again in partnership to set up a fund that would foster the growth, development and commercialization of quantum science technologies.
Cinven and Warburg Pincus Investments to Lower with share sale in Ziggo. Cinven Cable Investments and WP Holdings IV BV are said to be reducing its shareholdings in Ziggo NV.
