US-based Iroko Pharmaceuticals has entered into a $75m debt facility agreement with an affiliate of OrbiMed Advisors (OrbiMed) to support general business operations and the launch of Zorvolex (diclofenac). Zorvolex is the first and only ...
Campbell Soup Company today reported its results for the first quarter of fiscal 2014. Denise Morrison, Campbell's President and Chief Executive Officer, said, "I'm disappointed in Campbell's first-quarter performance. We are confident in ...
Tags: Campbell, First-Quarter Results
German automaker Daimler has acquired a 12% stake in its Chinese partner BAIC Motor, the passenger car unit of Beijing Automotive Group (BAIC Group). This transaction marks the first investment by a non-Chinese automotive company in a ...
Tags: Daimler, Chinese BAIC Motor
Fifth & Pacific Companies, Inc. announced that it has signed an agreement with the landlord at 650 Fifth Avenue, a joint venture between Jeff Sutton's Wharton Properties and SL Green Realty, to terminate the lease for its flagship Juicy ...
Tags: Fifth&Pacific, Juice Couture Exit, $51mn
Revolution Lighting Technologies, Inc. announced it has acquired Tri-State LED in a cash and stock transaction. Terms of the transaction were not disclosed. Based in Greenwich, CT, Tri-State LED is a leading distributor of Revolution ...
Tags: Revolution Lighting, Tri-State LED
Salesforce is taking security on its platform more seriously than ever, with a number of upgrades to its existing two-factor authentication on the horizon, a senior security director told Salesforce 2013 Dreamforce delegates today. ...
Tags: Dreamforce 2013, Tougher Security
China is expanding its scope in looking for energy resources in foreign assets, participating actively in the international oil and gas market to ensure the domestic supply is driven by economic growth. China Petroleum and Chemical Corp, ...
Tags: Gas Sources, Oil Sources
CareFusion, a global medical technology company, has announced the signing of a definitive agreement for CareFusion to acquire the Vital Signs division of GE Healthcare for $500m. With annual revenue of approximately $250m, Vital Signs is ...
Tags: CareFusion, GE Healthcare
Israel-based flavor and fragrance company Frutarom has agreed to acquire 75% stake in Russia-based Protein Technologies Ingredients (PTI Group) for a cash consideration of $50.3m. With net assets valued at more than $40m, PTI Group is ...
Amsterdam-based financial services conglomerate ING has agreed to dispose of its 11.3% direct stake in Sul América, to Swiss Re Group, as part of its plans to further shrink its stake in the Brazilian insurer. As per the terms ...
Sears Canada Inc. announced that its Board of Directors declared that an extraordinary cash dividend of $5.00 per share on all Common Shares of the Company, or approximately $509 million, in the aggregate, will be paid on December 6, 2013 ...
Tags: Sears Canada, Apparel
Associated and Peach State Integrated Technologies, both leaders in providing integrated supply chain solutions, announced today they have reached a definitive agreement for Associated to acquire Peach State. Under the agreement, Peach ...
Tags: associated, peach, state, merger
Premier Foods is remaining tight-lipped about reports that the Mexican bakery Grupo Bimbo may acquire its troubled bread division, as the firm’s short-term prospects divided City opinion. Premier Foods' plan to seek a financial ...
Tags: Premier Foods, tight, bread
Titan International Inc. recently completed the previously announced redemption of all of its outstanding $137,681,000 aggregate principal amount of the 7.875% senior secured notes due 2017. The company redeemed the notes at a price of ...
Tags: Senior Secured Notes, Titan
Burton’s Biscuits, the maker of iconic snacks Wagon Wheels and Jammie Dodgers, has been sold to the Canadian pension fund Ontario Teachers' Pension Plan (OTPP) for an undisclosed sum. Jammie Dodgers' maker Burton's Biscuits has been ...