Taiwan-based Largan Precision Co has taken Samsung Electronics Co to court for patent infringement regarding its camera lens. The South Korean company allegedly used the Largan's patented lens its Galaxy Note and S series smartphones.
Sectors
GE Capital Real Estate acquires USD2.3 billion in real estate loans from Deutsche Postbank
The real estate loan portfolio GE Capital Real Estate acquired from Deutsche Postbank contained commercial property loans that had been backed against prime real estate located in central London, France and Germany.
Barclays mulling on sale of index business - sources
The potential sale of the indices platform of Barclays, which includes the Barclays US Aggregate Bond Index, came at the heels of an approach by MSCI, an equity index provider, to acquire the index business.
UBS tells investors to exit overvalued Royal Mail amid UK government grilling
Prior to meeting with UK's Members of the Parliament regarding claims that Royal Mail's shares in its initial public offering were undervalued, UBS issued a note to investors saying that they need to divest their shares in the postal service.
Birla to delay Idea Cellular stock sale - source
Sources told Bloomberg that the planned stock sale of India's top two mobile phone operator had postponed its original target completion this month, and was pushing for a stock sale next year.
Latest News
Texas-based Endeavor Energy announced that it has inked a joint development agreement with Joule Africa to construct the USD500 million Bumbana Phase II Power Project. Endeavor Energy obtained a USD100 million funding from private equity firm Denham Capital.
London-based pharmaceutical giant Glaxo SmithKline (GSK) completed the sale of its 28.2 million shares in Aspen Pharmacare at ZAR250 per share, raising a total of USD694 million in proceeds.
Bumi Chairman Samin Tan confirmed to Bloomberg by email that a lender had given him approval to finance his acquisition of the stake held by the Bakrie Group in the Indonesia-based coal producer.
Burger King Worldwide said that it has inked a joint venture partnership with South Asian private equity firm Everstone Group to bring the hamburger restaurant chain in India.
Singapore-based firm CapitaLand, the biggest developer in Southeast Asia, announced the sale of its 59% stake in Sydney-based Australand Property Group at AUD3.865 to AUD3.750 per share.
John Grayken's private equity company Lone Star Funds had bought 23 buildings from State Farm Mutual Automobile Insurance Co. Lone Star would be leasing the properties back to the insurer.
Minneapolis-based commemorative paraphernalia retailer Jostens gave its approval on the company's acquisition of rival American Achievement Group in a deal that was valued at USD500 million, according to a source familiar with the matter.
California-based biomedical firm LoneStar Heart Inc raised almost USD2.4 million in a Series C financing round from unnamed venture investors, which would be used for the company's heart therapies for advanced heart failure patients.
Bill Stiritz, the Chief Executive Officer of Post Holdings Inc, raised his Herbalife stake to 6.4% from 5.3% and said he intends to hold discussions with Herbalife about possible strategies for financing.
