Bank of America would go on trial this week over fraud charges related to home mortgages which was alleged to defraud Fannie Mae and Freddie Mac.
Investors
Marcus & Millichap files IPO
Real estate brokerage Marcus & Millichap Inc. filed an IPO to raise USD103.5 million. Marcus & Millichap Inc. had filed an initial public offering of common stock with US regulators to raise up to USD103.
Mobincube receives funding from Inveready
Mobincube closes its latest financing round where investors such as Inveready contributed to put up a total of EUR700,000.
Turnbridge Capital recapitalizes Pipe Pros
Turnbridge Capital and Pipe Pros announce the equity recapitalization of the latter though no financial details were disclosed.
Vista Equity to take Greenway Medical private
Vista Equity Partners had agreed to take Greenway Medical Technologies Inc. private in a deal valued USD644 million.
Latest News
BlackBerry signed a tentative deal to be acquired by a consortium led by the company's biggest shareholder, Fairfax Financial Holdings Ltd.
MediSafe closes funding from known investors. MediSafe one of the best mobile medication management solution providers, recently announced it had raised USD1 million in funding.
Raindance Technologies announced the closing of a USD35 million structured debt financing plans. An innovator in genomics tools, RainDance Technologies, had announced the closure of a structured debt financing plan for Capital Royalty Partners.
One of the private equity firms focused on information and communication, BV Investment Partners, have exited its investment in Butterfield Fulcrum in favor of Mitsubishi UFJ.
In an agreement signed last Monday, CapMan Buyout purchases Nice Entertainment for an undisclosed amount.
AMR and US Airways indicate new deadlines on their eventual decision on the merger as the lawsuit had affected the businesses.
GM debt had been upgraded by Moody's Investment Service to investment grade from junk status. General Motors' debt to investment grade status had been restored by Moody's Investment Service to investment grade.
Monte dei Paschi decided to cancel its coupon payments in order to meet EU bank requirements. A decision to cancel coupon payments was done by Monte dei Paschi di Siena on three hybrid loans set to fall due by the end of the month to comply with European conditions for the approval of a EUR4.
Canada-based anti-terrorist solutions provider Allen-Vanguard exited its Explosive Ordnance Disposal unit.
