Activist investor Bill Ackman's Pershing Square hedge fund announced its intention to acquire almost 10% stakes each in troubled mortgage finance companies Fannie Mae and Freddie Mac.
Investors
JPMorgan Chase & Co agrees on USD 4.5 billion settlement with institutional investors
JPMorgan Chase & Co said it had agreed to settle claims related to faulty mortgage bonds with 21 investors which included the asset management units of BlackRock Inc, Goldman Sachs Group and Pacific Investment Management Co.
Peugeot looking into Faurecia sale
French car maker Peugeot is looking into a possible sale of top vehicle interiors and emission control technology company Faurecia. Peugeot exiting Faurecia might be necessary to secure another government bailout.
Signum Dermalogix wins USD 1.6 million grant from National Institute of Arthritis and Musculosketal and Skin Diseases
A USD 1.6 million Small Business Innovation Research Phase II grant was awarded to biopharmaceutical company Signum Dermalogix from the National Institute of Arthritis and Musculoskeletal and Skin Diseases.
Infrastructure provides opportunities for private equity, hedge funds- report
A CNBC report said the infrastructure industry, including power plants, ports and pipes, has given private equity companies and hedge fund firms opportunities for investment.
Latest News
Canadian large-scale gold mining companies Barrick Gold and Goldcorp have separately hired banks to explore the sale of their jointly owned Marigold mine in Nevada.
Jim Moloshok, Larry Braitman and Adam Nash provided seed funding to MovieLala, a social network and movie marketing platform that connects moviegoers, studios and stars.
UK-based company Rexam received offers to buy its healthcare packaging unit from Silgan Holding Inc, Berry Plastics Group, and Gerresheimer for less than USD1 billion.
Fusion Group has sold UK-based gas meters supplier Meter Provida Ltd to Total Capital Partners. The transaction was facilitated by Avondale but no financial terms were disclosed.
Britain-based advertising group WPP denied a report from The Daily Mail's that the company is planning a takeover bid for US-based marketing group Interpublic (IPG).
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.
New York-based financial magazine publisher Forbes Media hired Deutsche Bank to explore the sale of the company, which could potentially be valued between USD400 million and USD500 million.
The following bids, mergers, acquisitions and disposals were reported on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday:Warren Buffett's Berkshire Hathaway Inc disclosed on Thursday a new $3.
The Board of Directors of Income Streams III Corporation announced the final regulatory approval for its merger into Dividend Split Corp which is set to take place on December 1, 2013.
