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.
Investors
Fusion Group divests Meter Provida Ltd to Total Capital Partners
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's WPP denies bid for IPG takeover
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).
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.
Forbes Media hires Deutsche Bank to explore a sale
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.
Latest News
Amphenol Corporation entered into a definitive agreement to acquire the Advanced Sensors business of GE for USD318 million, which will be subject to closing conditions and regulatory approvals.
UK healthcare facility investor Primary Health Properties would be consolidating with its rival Prime Public Partnerships in a GBP41 million agreement that will result to a combined portfolio of 257 properties valued at GBP942.3 million.
Construction group Murray & Roberts Holdings, Ltd announced that it had secured a material requirement to move forward with its buyout of Australian engineering company Clough Ltd.
A wave of initial public offerings on the London Stock Exchange appeared to have made investors' appetite waning, which prompted stocks of companies who had launched or is in the process of launching an IPO drop to below offer prices.
Clean-technology company Therma-Flite recently closed a major funding round with Canadian private equity and venture capital firm XPV Capital. Therma-Flite said it raised USD7.5 million in financing.
Invesco Canada Ltd added eight new funds for its Private Investor series or Series P for investors or advisors who wish to invest in one of Invesco's broad range of products at discounts.
Trian Fund Management LP, an alternative investment fund, had put its stake in State Street Corp up for sale. It sold 1.86 million shares worth USD121.5 million. Trian Fund was founded by activist investor Nelson Peltz.
Canadian dairy company Saputo Inc was one step ahead of clinching the win to take over Warrnambool Cheese and Butter Factory Co Holdings Ltd, when the former's revised bid received the recommendation of the latter's board of directors.
The European Central Bank's attempt to reduce the excess liquidity levels of banks in the financial system had prompted the central bank to call on banks it had loaned to repay its debts at a reduced rate.
