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.
Institutional investors
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.
Rockwood in Sale Worth US$2 billion
Rockwood to sell off units for an expected US$2 billion. Chemicals producer Rockwood Holdings is preparing the sale of two of its subsidiaries. The sale is expected to reach US$2 billion with the increasing recovery of the US construction sector.
Model N Shares Surge 44 Percent
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.
Abertis Mulling Offers
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.
Latest News
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.
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.
Abu Dhabi's Al Hilal Bank to issue sukuks before end of the year. Al Hilal Bank, the state owned bank of Abu Dhabi, is planning to issue a debut Islamic bond valued at US$500 million to be done in the third quarter of 2013.
CBQ purchases majority stake in Turkish lender Alternatifbank. In a move showing Gulf interests expanding overseas, the Commercial Bank of Qatar has purchased 70.
New investors infuse capital for development and growth of Liquid Robotics. Liquid Robotics had raised US$45 Million in financing, specifically Series E financing.
US$6 million raised from fund sources for Earlybird. In an announcement, Earlybird Venture Capital announced the completion of US$6 million Series A funding for the first social marketplace focused on fashion, Videdressing.
Armacell bids well below base price set by Investcorp. The sale of Armacell is creating issues as Investocorp's base price could not be reached by the existing bidders.
Blackstone contemplates matching or even surpassing Silver Lake bid for Dell privatization. The Blackstone Group is contemplating to bid for Dell Inc in an amount over and above the proposed US$24.
After lengthy discussion, Bietz gives in to proposed share sale. ThyssenKrupp of Germany is in the midst of planning to undertake share sales in an effort to raise Eur1 billion to improve its financial position.
