Tohiba and SunEdison have entered into an agreement to build megasolar plants. Toshiba Corp and a unit of MEMC Electronic Materials Inc, SunEdison have entered into an agreement to build solar power plants in Japan.
Sectors
Softbank Corp Bond Issue to Fund Sprint Bid
The dual tranche Softbank Corp bond issue proceeds would help fund the Sprint Nextel bid of the company.
IBM sells off server business to Lenovo
IBM has agreed to sell its x86 server business to Lenovo. The IBM Corp is discussing to sell off its x86 server hardware business to Lenovo Group, the Chinese computer manufacturer.
Seaworld IPO nets US$702 million
Seaworld sold 10 million shares at US$27 per share totaling US$702 million. SeaWorld Entertainment Inc is backed by Blackstone Group LP, which has priced the shares for initial public offering of the theme park operator at US$27 per share.
Silver Lake Unveils New Fund
Silver Lake Partners have completed Silver Lake Partner IV fund worth US$10.3 billion. Silver Lake Partners, the partner of Michael Dell in the privatization bid for Dell Inc worth US$24.
Latest News
Dish plays national security issue in its bid to stop the Softbank bid from pushing through. Dish Network has formally sought regulator intervention, specifically suspension of the review of the bid provided by Softbank Corp of Japan for the acquisition of Sprint Nextel Corp.
Johnson and Johnson accounted for 92.3% of shares bought back, complicating matters for the Royalty Pharma takeover of Elan Pharmaceuticals.
CVC to purchase all of shares of Ista it does not already own. CVC, the private equity group is purchasing shares that it does not already own in Ista, the energy metering firm from Germany.
OPKO Health announced investment in OAO Pharmasynthez and partnership with Rusnano. OPKO Health Inc has announced that it would be investing about US$9.
Verizon's CFO is in the process of putting together a bid for Clearwire. The Chief Financial Officer of Verizon Communications Inc had confirmed that the telephone company is in the process of putting up a bid for Clearwire Corp for its wireless spectrum.
GBP5 million was raised in the latest Series A financing round for Fits.me. Fits. me announced today that its Series A investment round had reached approximately GBP5 million.
HitecVision acquires Deep Sea Mooring. HitecVision was pleased to inform the public on its hundred percent acquisition of the Deep Sea Mooring. In 2008, Odfjell Drilling established Deep Sea Mooring (DSM) from a domestic mooring service provider to one of the top three service providers of mooring for exploration and production companies and rig owners in Norway.
Riding high on the UBS backlash, Actelion investors reject plan for executive compensation during shareholder meeting.
Lone Star and Wells Fargo would divvy up the assets of Commerzbank. Lone Star, the private equity firm, and Wells Fargo are in talks to purchase a GBP4 billion or US$6.
