Herbalife Ltd fourth largest shareholder Bill Stiritz said he would most likely take part in a leveraged buyout of the company, as the nutrition company is in the middle of pyramid scheme accusations by hedge fund manager Bill Ackman.
Healthcare Health/Fitness
Akorn grabs 3 eye drop products from Merck
Illinois-based niche pharmaceutical firm Akorn Inc acquired the US rights to three branded ophthalmic products from New Jersey-based international pharmaceutical company Merck for USD52.8 million.
CFR Pharmaceuticals issues formal bid for Adcock Ingram
Chilean drug maker CFR Pharmaceuticals issued a formal bid to acquire 100% of the issued share capital of South African pharmaceutical company Adcock Ingram Holdings Limited for USD1.26 billion.
Streamline Health to acquire two companies
Atlanta, Georgia-based healthcare management solutions provider Streamline Health Solutions Inc announced its intention to acquire two companies to improve its existing solutions for patient care.
US hedge funds invests, exits controversial firms- report
A Reuters report said hedge fund managers in the US bought and exited from shares of hotly-debated firms like retailer JC Penney, nutrition and weight management company Herbalife Ltd and auction house Sotheby's.
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Baltimore-based sportswear retailer Under Armour Inc bought Texas-based fitness tech company MapMyFitness for USD150 million to achieve a better position in the digital sports product market.
Friday is the first day of sales for Sony's PlayStation 4 interactive gaming console. GE holds an meeting for investors and analysts focused on its GE Capital business. The Federal Reserve releases its report on U.S. industrial production.
The following bids, mergers, acquisitions and disposals were reported on Thursday including Sigma Alimentos, Fastjet, Rostelecom, DNB, Caixabank, Cyfrowy Polsat, America Movil, Alitalia, Telecom Italia.
Medical device company Tandem Diabetes Care raised USD120 million in its listing. The company had put up for sale 8 million shares of common stocks priced at USD15 each share.
The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.
The Additional Securities were acquired by ILJIN for investment purposes. Such investment will be reviewed by ILJIN on a continuing basis and such holdings may be increased or decreased in the future. ILJIN may acquire additional ordinary shares of Aurinia, privately or otherwise, as the circumstances or market conditions warrant.
The proposed takeover by Community Health Systems Inc of Health Management Associates Inc will proceed as planned after the latter's board of directors had given its approval.
San Diego-based specialty pharmaceutical company Zogenix Inc planned to raise USD56 million by selling its common stock after suffering through losses and lack of capital.
Health device innovator Scanadu recently raised USD10.5 in a Series A funding led by Relay Ventures for the development and marketing of its urine analysis tool for smartphones.
