Praxair purchases CO2 assets of Tri-State Carbonic LLC. Praxair Inc, the industrial gas producer and supplier had announced earlier that it had acquired the carbon dioxide interests of Tri-State Carbonic LLC.
Sectors
Portola Pharmaceuticals to List IPO
An IPO is to be made of shares of Portola Pharmaceuticals expecting a return of US$150 million. An application to offer through initial public offering shares of stock from Portola Pharmaceuticals has been filed with regulatory authorities.
Fifth and Pacific Brands Now for Sale
Lucky Brand and Juicy Couture of Fifth and Pacific Cos now offered for sale. Lucky Brand and Juicy Couture Brands of Fifth and Pacific Cos. have received offers from potential bidders.
Citigroup's Credit Card Unit Subject to Competing Bids
Citigroup's units now being sought for acquisition by three different banks. The three largest private sector banks in Brazil have made offers to purchase Citigroup's credit card and consumer financing unit in Brazil.
Sharp Selling Off Pioneer Corp Shareholdings
Sharp is selling off its 9.2% shareholdings in Pioneer Corp. Sharp Corporation of Japan has announced it is selling off its 9. 2% shareholdings in car electronics manufacturer Pioneer Corp.
Latest News
Salini wins approval of the increase of its shareholdings in Impregilo. Salini, the family owned construction firm from Italy, has increased its shareholdings in its chief competitor Impregilo.
Reliance Steel acquires Metals USA to merge with RSAC Acquisition Corp, a subsidiary of Reliance Steel.
Harvard Management Company's director for private equity and venture capital, Peter Dolan, has resigned from his post on April 10.
The long awaited acquisition by Ecolab of Champion Technologies has been cleared of anti-trust issues by the Justice Department.
Rally Software's IPO price topped US$14, above the US$13 per share initial pricing. The initial public offering of Rally Software Development rose by 27% in Friday midday trading after the company priced its shares at US$14.
Heinz buyout is a deviation from Buffett's known acquisition formula. At the announcement of the deal to acquire Heinz, the venerable Warren Buffett had stamped his approval with then CEO Bill Johnson.
WorldPay was able to raise US$1.08 billion loan equivalent for dividend and debt payment purposes. WorldPay, the payment processing company from Great Britain, has announced the success in its raising of a GBP700 million or US$1.
Avago Technologies have recently acquired CyOptics to bolster its fiber optics portfolio. At Thursday's trading session, Avago Technologies share values remained relatively unchanged when it announced the acquisition of CyOptics.
Evertec, at a per share price of US$20, stands to raise US$1.75 billion in its initial public offering.
