Incumbent HP Board wins new term narrowly despite shareholder discontent. In a tense shareholders meeting, Hewlett Packard Co re-elected its board with erstwhile Chairman Ray Lane and three other board members keeping their seats with a narrow vote margin.
Investors
BP Gives $8 billion Back to Shareholders After TNK-BP Sale
BP is set to return $8 billion to investors using a share buy-back programme after it promised last October to offset any dilution to earnings per share from TNK-BP Sale.
Temenos Buys TriNovus
Temenos, a Swiss financial services software provider, said it completes its acquisition of U.S.-based compliance technology firm TriNovus in addition to its 800 institutional clients.
Rockwood in Sale Worth US$2 billion
Rockwood to sell off units for an expected US$2 billion. Chemicals producer Rockwood Holdings is preparing the sale of two of its subsidiaries. The sale is expected to reach US$2 billion with the increasing recovery of the US construction sector.
Model N Shares Surge 44 Percent
Business software maker Model N share values jump by 44%. Share values of Model N increased by 44% at its trading debut with a market valuation reaching US$500 million.
Latest News
Life Tech gains interest from buyout consortiums and pharmaceutical firms. Life Technologies Corp is up for sale and many important players in the industry are taking notice.
Court approves sales of Hostess brands. In a decision, the bankruptcy court judge decided that the Hostess Brand would be allowed to be sold to prospective buyers.
REIT American Realty offers to buy Cole Credit. American Realty Capital Properties Inc, the American real estate investment trust, announced that it offered to purchase unlisted Cole Credit Property Trust III Inc.
Vivendi is planning to spin off SFR. Vivendi is deeply contemplating the separation of its largest subsidiary, SFR from the main company. SFR is the conglomerate's mobile telecoms operator in France.
Blacberry founder forms Quantum Science fund for technology development. The venerated inventors of Blackberry Mike Lazaridis and Doug Fregin are again in partnership to set up a fund that would foster the growth, development and commercialization of quantum science technologies.
Cinven and Warburg Pincus Investments to Lower with share sale in Ziggo. Cinven Cable Investments and WP Holdings IV BV are said to be reducing its shareholdings in Ziggo NV.
GEP purchases Bergmann Automotive and forms new entity. In a recent move, the fund German Equity Partners IV has acquired all of the outstanding stock of Bergmann Automotive GmBH.
Clean Seas Tuna admits losses asks for trading halt. Troubled aquaculture firm Clean Seas Tuna has opted to halt stock trading at the bourse because of a pending announcement as to capital fundraising plans for the company.
Terms on the purchase of Sleek Group by Asian Paints undisclosed. In a recent move, Asian Paints recently purchased 51% of the Sleek Group. This is in pursuit of its exploration of the home improvement market opportunities through the one of the top firms in the modern kitchen space market.
