Follett Corp. commits $50 million to the Follett Knowledge Fund. (Photo : Reuters)This is an image of several publications. Follett Corporation teamed up with Atrium Capital to establish Follett Knowledge Fund, a pool which strives to fund new technologies in the education sector, specifically content improvement, delivery and consumption.

A second option was added by Mengniu Dairy to its proposed acquisition for Calyle-backed Yashili International Holdings Ltd.

Johnson Controls is looking to sell its automotive electric unit after competitors failed to gain buyout interest.

British bank Lloyds said that there had been no political interference on the firm to sell a total of 632 branches to the Co-operative Group.

According to two sources, Springer Science's owners have entered new and intense discussions with BC Partners after rejecting the latter's previous offered bid.

Itau Unibanco Holding SA announced on Monday acquisition of 51% stake in Cencosud's credit card business.

Johnson & Johnson announced that it would pay US$1 billion to Aragon Pharmaceuticals and its experimental drugs for prostate cancer treatment.

Last Tuesday, Third Point LLC announced that it had raised its stake in Sony Corp to 70 million shares valued at US$1.4 billion.

Starboard's activist image is strengthened as it battles against China's Shuanghui International over its Smithfield Foods Inc. acquisition.

Kabel Deutschland confirms receiving initial offer from Liberty Global priced at Eur7.5 billion according to a British newspaper.