Smith & Nephew to conduct share buyback programme for its shareholders. Smith & Nephew, the medical devices manufacturer, is now conducting a cash return program to its shareholders through a US$300 million repurchase program.

APTT seeking to raise funds to repurchase shares and pay off debts. Asian Pay Television Trust is planning to raise at least US$1. 1 billion in high yield securities to fund the purchase of the third largest cable television operator in Taiwan.

Berkshire Hathaway sells off around 1.75 million Moody's shares. Berkshire Hathaway Inc announced that it had sold off 6. 1% of its stake in Moody's Corp.

Cerberus Capital completes CIP V in the amount of US$2.61 billion. Cerberus Capital Management LP completed its fundraising activities for its latest private equity fund.

MNGV to build RM7 billion gas plant in Tanjung Langsat, Johor, Malaysia. Malaysian NGV Sdn Bhd will be building a RM7 billion or US$2. 30 billion regasification facility to be located in Johor, Malaysia.

Glass Lewis has advised Morgan Stanley shareholders that it should veto the executive pay plan proposed, as the compensation is not correlative to performance.

ING priced IPO below price range set but sold more shares at offer. The American subsidiary of Dutch Financial Services firm ING Group had priced its initial public offering at US$19.

Due to the lack of Egyptian regulatory approval, the EFG Hermes and QInvest deal was terminated. EFG Hermes is one of the largest investment financial institutions in the Gulf region.

In an all stock deal, Kinder Morgan Energy purchases Copano. The role shale oil production in the United States continues to drive the growth of the energy sector.

3D Systems acquires RPDG for an undisclosed sum. 3D Systems, in a bid to expand its capacity to manufacture parts on demand, has acquired Rapid Product Development Group.