According to activist hedge fund Starboard Value, there had been several investors who were willing to pay more for Smithfield Foods than the offered price of China's Shuanghui International Holdings.
North America
Series B financing for Loggly nets USD10.5 million
New and old investors came together for the series B financing for Loggly. The most popular cloud based log managemet system, Loggly, had received USD10.
Zazma receives USD10 million in venture equity
Sequoia Capital and Spark Capital both invest in Zazma for USD10 million. In an announcement, short term finance innovator for small businesses Zazma had said it raised USD10 million in financing venture equity from Sequoia and Spark Capital.
Electric Cloud receives USD8 million in series B financing
Siemens Venture Capital spearheaded the latest series B financing round for Electric Cloud. One of the top firms providing Software Delivery Acceleration solutions recently announced the receipt of USD8 million in investments for its DevOps brand.
Hayman Capital Management takes a big stake in J.C. Penney
Last Tuesday, Hayman Capital's accumulated stake of 5.2% in struggling retailer JC Penney was disclosed in a US Securities and Exchange regulatory filing.
Latest News
After filing bankruptcy protection last year, Kodak said last Tuesday that it had finally exited bankruptcy.
Today, CouchCommerce announced that it had received a seven figure round in Euros to mobilize its e-commerce websites.
According to sources that told Reuters, mortgage software company Ellie Mae had hired Morgan Stanley to try to sell the company.
Last Tuesday, Bank of America Corp announced to sell its remaining stake in China Construction Bank Corp for USD1.5 billion.
Following the announced sale of Nokia to Microsoft Corp, BlackBerry shares jumped to as much as 3.6% last Tuesday.
Daimler announced that it had appointed the new head for the company's luxury car division, AGM unit.
TRG is the new firm formed from the merger of Citi Venture Capital International and Rohatyn Group. In order to manage emerging-markets assets, Citigroup Inc has laid out plans to combine its Citi Venture Capital International with the Rohatyn Group under undisclosed terms.
According to an investigative report by the Huffington Post, Microsoft Corp would be dipping into its USD60 billion offshore holdings to finance its Nokia handset business acquisition in cash.
Nearly USD50 million was received by Lithium Technologies in its latest funding round. One of the developers of social-networking software solutions for firms, Lithium Technologies Inc, announced the raising of USD50 million during a funding round.
