The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders. The proposed format for the auction of its wireless-spectrum to be conducted by LightSquared Inc's has been deemed improper.
Investors
Retrophin to acquire Transcept Pharmaceuticals
Retrophin announced today that it had made another proposal to acquire all Transcept Pharmaceuticals Inc. shares of common stock valued USD4 per share in cash.
Roadrunner Transportation Systems acquires YES Trans Inc.
Today, Roadrunner Transportation Systems announced its acquisition of YES Trans Inc. valued approximately USD1.2 million in cash.
Varde and Deutsche sell stake in Crest Nicholson
After the announced stake sale last Tuesday, Varde Management and Deutsche Bank had raised GBP108.6 million from the sale
Vale to sell control of VLI unit to Japanese, Canadian and Brazilian investors
On Wednesday, Vale SA said it had planned to sell control of VLI SA to Brookfield Asset Management Inc, Mitsui Co and FGTS valued BRL4 billion.
Latest News
CME planning to create a platform SEF from the CFTC. The world's largest futures market, the CME Group Inc, had applied to create a new kind of platform known as a swap execution facility and this would focus on trading commodities derivatives.
Caesar's Entertainment has planned to raise nearly five billion to refinance its overall debt. The largest casino owner in the United States, Caesars Entertainment Corp, raised a total of USD4.
Packaging Corp of America's acquisition of Boise Inc would be funded by a bridge loan. A USD2 billion financing commitment was made available to Packaging Corp of America, a producer of corrugated shipping material.
The launch of Lift Labs was done recently to unveil its latest product the Liftware, which is a product that used grant money for its design and creation.
Apple Canada announced the suggest retail prices for those who would be getting the new iPhones on contract in Canada.
A report in The Australian gave Apple aficionados the lowdown on the iPhone 5C and iPhone 5S. A report in The Australian gave the lowdown on Apple's two latest models, the iPhone 5C and iPhone 5S.
Investment initiative Benu Bioventures would provide funding for the human testing stage drug trials.
The case filed by Lincolnshire Management Inc led to an arbitration award against it for its former CEO.
The iPhone 5C may be cheap but it's got glamour and class, said a review in The Independent. Apple sought to develop a more affordable iPhone for customers on a budget and the company came up with the iPhone 5C.
