Celltrion founder Seo Jung-jin is divesting his shareholdings because of speculative short selling. Last Wednesday, Celltrion Inc has named JP Morgan as advisor to assist the firm remove its linkages from its founder, Seo Jung-jin.

Despite assurances by the Egyptian PM, there is still no approval as to the EFG-QInvest merger. The Middle East's largest investment bank, EFG-Hermes has been awaiting notice from Egypt's financial regulator for the approval of its merger with QInvest of Qatar.

Zeder Investments is purchasing Capespan Group shares from Total Produce. A private investor in agricultural companies has announced that it would be purchasing in Capespan Group Ltd, South Africa's biggest fruit export company.

Banco Itau is said to be relieving the duties of Marcelo Marangon and four others from executive positions in the bank.

The ISAM Fund SICAV-SIF was established by arc AM and RVC InfraFund for the purpose of investing in companies that have potential for international growth.

Meilleurtaux.com sale has been completed to Equistone Partners. BPCE announced today the completion of sale of its hundred percent shareholdings in Meilleurtaux.

Eli Lilly, in its bid to remain at the forefront of Alzheimer's diagnostics, purchases Siemen's imaging agents.

Liberty Global seeking to purchase Kabel Deutschland to prevent Vodafone's bid for the cable operator.

ASML Holdings introduces new CEO and unveils buyback plan for shares. The largest semiconductor equipment supplier in Europe, ASML Holding NV has appointed its finance director Peter Wennink to the position of Chief Executive Officer.

Molinare TV obtains investment funds from Saphir Capital Private Equity Fund. The renowned post production house based out of London, Molinare TV & Film Limited was able to secure financial investments from Saphir Capital Partners.

Indigo Group through funding was able to complete the acquisition of six quick service restaurants. In an announcement, Indigo Group LLC conveyed to the public its completion of the acquisition of six quick service restaurants that are based in East Texas.

Fusebill gets much needed capital infusion from OMERS Ventures and Covington Capital. OMERS Ventures, the venture capital investment arm of OMERS, one of Canada's largest pension plans, invested $2 million to Fusebill.

Glass Lewis has recommended the acceptance of new merger terms for T-Mobile and MetroPCS. In a 180 degree turn, proxy advisory firm Glass Lewis is now recommending to its MetroPCS Communications shareholders to approve the wireless service provider's merger with T-Mobile USA.

Selling of RTL would allow Bertelsmann to proceed with expansion plans. Media conglomerate Bertelsmann of Germany is projecting a fund raising value of Eur1.

Anhui LDK Energy's shareholdings in LDK Solar High Tech Hefei has been sold to a subsidiary of the Hefei Municipal Government.

HgCapital closed HgCapital 7 with a hard cap of GBP2 billion. In announcement, HgCapital said that April 15, 2013 would be the final closing of its newest private equity fund HgCapital 7.

Springfield Homecare, using the Business Growth Fund, purchases Positive Life Choices. Springfield Homecare Services Ltd is a unit of Springfield Healthcare Group, which is backed by the Business Growth Fund.

ING US, the subsidiary of Dutch ING Groep NV would be offering 64.2 million shares in its IPO priced between US$21 and US$24 per share.

Cathedral Capital offered for sale by Lloyd's of London. According to reports, Lloyd's of London insurer Cathedral Capital is up on the auction block.

John Paulson says that Dish offer is more than just investment, it is also spectrum and synergy. According to hedge fund giant John Paulson, the US$25.

Fairway Market offers 13.7 million shares at US$13 per share totaling US178.1 million. Fairway Market, the high end grocery store chain, has announced the price of its initial public offer of 13.

Atlas Pipeline Partners purchases interests in Eagle Ford field in Texas and Woodford shale field in Oklahoma.

The entertainment division would carry the name 21st Century Fox and the publishing division would retain the News Corp name when Rupert Murdoch's empire would be split by the end of the year.

Stephen Feinberg, owner of Cerberus Capital Management, may bid for shareholdings of Freedom Group after his own firm is selling off the shares.

Brookfield Management spin off completed through share dividends. In an announcement today, Brookfield Asset Management Inc disclosed that the spin-off of Brookfield Property Partners L.

Energy Future Holdings has proposed a bankruptcy plan to manage the company's debt. Formerly known as TXU Corp, Energy Future Holdings has presented a pre-formatted bankruptcy case that would restructure its debt of $32 billion but no agreements have been finalized according to the company last Monday.

Haltermann, HIG Europe's unit, has acquired PCL for a new firm. The European arm of private equity firm HIG Capital, HIG Europe, has announced that one of its portfolio companies, Haltermann Holding GmbH had acquired Petrochem Carless Holdings Ltd.

Dr Stella M. Sung has been appointed as the new COO for Tauriga Sciences. In an announcement, biotechnology company Tauriga Sciences has named Stella M.

Pine Tree raises nearly US$100 million in new capital funding. The Miami, Florida based private equity firm Pine Tree Equity III, LP disclosed to the public that it was able to close a US$100 million third private investment fund in April 2013.

Booker has raised US$27.5 million in series financing. The former GramercyOne firm now called Booker is the leading service management platform which helps small and medium sized multi-location enterprises that unifies operations into a single cloud based system.