Wireless communications developer xG Technology Inc. announced that its initial public offering will be priced at USD1.75 per share. The company would raise USD10 million in IPO.
United States
Health Management board agrees takeover proposal by Community Health
The proposed takeover by Community Health Systems Inc of Health Management Associates Inc will proceed as planned after the latter's board of directors had given its approval.
TPG Capital appoints Tim Dattels as new Asian operations co-head
TPG Capital replaced Stephen Peel with Tim Dattels as co-head for Asian operations and assigns Peel to focus on TPG's interests in emerging markets beyond the region.
Second drop this week seen on stock index futures in the US
The securities drop indicated investors' anxiety as they watch out for signs regarding the future US Federal Reserve's bond-buying program from some of its officials next week.
MAG Interactive sweeps up USD6 million in funding from Nokia Growth Partners
Sweden-based app maker MAG Interactive collected USD6 million in funding from Nokia Growth Partners to be used for the development and expansion of its product and facilities.
Latest News
St. Louis-based agricultural data company Monsanto Co. finalized the acquisition of weather forecast and insurance firm The Climate Corp. in a deal that was valued at USD930 million.
ICE chief executive officer Jeffrey Sprecher said divestments of some of NYSE's assets was detrimental to its goal of reducing expenses of its newly-combined company.
San Francisco-based payment and open currency startup Ripple Labs raised USD3.5 million in a funding round to be used for the development of its digital currency network.
Textbook rentals and academic services company Chegg priced its IPO at USD12.50 per share. The startup exceeded expectations after initially pricing its share at USD9.50 to USD11.50 per share.
The chief executive officers of Men's Wearhouse and Jos A Bank had discussed encouraging points as to the further exploration of merger talks between the two clothing firms.
Brand Energy & Infrastructures Services Inc. proposed terms on a debt backing its leveraged buyout by Clayton, Dubilier & Rice. Western Refining, on the other hand, sought a loan for its Northern Tier acquisition.
New York-based consumer and retail-focused investment bank Financo announced its intention to raise USD75 million to USD100 million for the launching its private equity fund in 2014.
A source told Reuters that Washington-based lobbying firm Patton Boggs' merger discussions with Dallas-based law firm Locke Lord included a due diligence review of a possible merger suitor.
San Diego-based specialty pharmaceutical company Zogenix Inc planned to raise USD56 million by selling its common stock after suffering through losses and lack of capital.
