Valeant increases its offer to acquire Obagi after Merz Pharma tops its previous offer last month. Cosmetics products maker Obagi Medical Products Inc.
Investors
Allianz Criticizes Bank Mishandling of Block Sales
Allianze, through its CIO criticized the handling of block sales of firms resulting in retained shareholdings by the bank.
Italy's Promise To Pay Delayed
The government's promise to pay its outstanding bills was shelved after the caretaker government failed to sign into law the said measure.
BTG Investments to Offer Senior Five Year Bonds
Debt bonds with BBB Minus rating would be offered by BTG Pactual Group subsidiary BTG Investments. A subsidiary of BTG Pactual Group, BTG Investments is planning to sell off five year senior unsecured bonds by next week.
Subsidiary of Clear Channel Settles Shareholder Suit
Clear Channel Outdoor shareholders agreed to a settlement for an improper loan causing significant loss to the parent company.
Latest News
According to a shareholder group, RBS and its directors should stand trial for lost share value in the bank because of the acceptance of the bailout plan.
Paypal now not only looks after the online shopper, but also the online merchant. Paypal, eBay's online payment business already lends financing to its online shoppers.
Samsung has entered into an agreement with Absolute Software to allow embedding of the technology into the Galaxy firmware.
Obagi's enterprise value increased as Valeant offered a higher share value price of US$24 per share.
Unicredit has announced the implementation of a buy-back scheme for outstanding bonds. Italy's largest bank in terms of assets had announced it would be buying back senior bonds.
Belgian firm Alfacam is now in rough waters financially after its credit line was cut off for breach of covenants.
Dish Network would offer senior notes amounting to US$2.3 billion, double its previous announcement.
DAMAC Properties would be listing publicly in the Dubai bourse amidst high interest for IPOs in the region.
Midokura's network development software boosts its capital infusion with US$12M from INCJ and US$5.2M for other investors.
