Highmark finalizes West Penn Allegheny Buy Out at US$0.875 to the dollar. Highmark Inc, one of America's largest health insurers, had announced the completion of a bondholder buyout in the amount of US$604.
Investors
Langham Hospitality to offer IPO
Langham Hospitality to offer IPO in Hong Kong. Langham Hospitality Investments, a trust fund supported by Great Eagle Holdings Ltd hotels, is projecting revenues as high as US$700 million when it undertakes its initial public offering in Hong Kong.
Equiduct Systems Finds New Capital Investors
Equiduct Systems gets new capital infusion from new investors. Equiduct Systems had obtained capital infusion from new investors such as BNP Paribas SA and Winterflood Securities.
Suncor Energy does buy back program
In an effort to increase dividends, Suncor CEO undertook a share buy back program. The largest energy company by market value, Suncor Energy Inc announced that it would buy back nearly Can$2 billion or US$1.
Millenial Media Attracts Technology Companies
Millenial Media's current fiscal situation may attract known technology companies such as Yahoo, Microsoft and Facebook.
Latest News
Softbank, despite its standing merger agreement provisions, allows Sprint to conduct discussions with Dish.
Opsona Therapeutics raises US$44 million for OPN-305. Opsona Therapeutics has raised Eur33 million or US$43 million in Series C financing that was oversubscribed.
Peter Larsen joins as principal in Atlantic-Pacific Capital. The biggest independently-owned global placement agent and consultancy firm, Atlantic-Pacific Capital, disclosed today the addition of Peter Larsen as its Principal.
SMBC of Japan plans to acquire shares in BTPN. Sumitomo Mitsui Banking Corp of Japan is in further discussion for the acquisition of US$1. 3 billion worth of shares in the Indonesian lender supported by TPG Capital, BTPN, Reuters wrote Monday.
KKR,because of the dearth of bank loans in Spain, loans money to Uralita. The asset management division of Kohleberg Kravis Roberts & Co LP granted a Eur320 million or US$419 million to Spain's Uralita SA.
Abraaj sells off Unitrio shareholdings to NTT Facilities. The leading investor in growth markets, the Abraaj Group, has announced today its exit from Unitrio Technology Ltd of Thailand.
AutoInfo Inc merges with AutoInfo Holdings Inc. AutoInfo has announced the completion of its merger with Comvest Investment Partners IV LP subsidiary AutoInfo Holdings.
Virtus Health backed up by buyout firm Quadrant is readying for its IPO in the Australian market. Virtus Health, backed by private equity firm Quadrant, launches its Australian initial public offer of shares.
Belgium and Ageas sells off Royal Park Investments interest. Reuters wrote that in the interest of lessening its debt, Belgium sold its structured credit portfolio invested in Royal Park Investments.
