Investment Banking & Brokerage Services

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Tullett Prebon plc announces acquisition completion date and placing

2:00am EST

Tullett Prebon plc:Says on May 09, agreement had been reached to acquire PVM Oil Associates Ltd and its subsidiaries ( PVM), a independent broker of oil instruments.Says the completion of the acquisition is expected to take place on Nov. 26.Says it expects to issue 25,776,523 new ordinary shares, representing 11.8 pct of its issued share capital, in satisfaction of the $112.0 mln initial consideration payable at completion.Says placing shares are expected to be issued to institutional investors at a price of 248 pence per share, realising gross proceeds of 32.1 mln Pounds to be paid net of transaction costs to certain of the PVM shareholders who have elected to receive cash proceeds from the placing.Says it is expected that admission of the new shares to the premium segment of the Official List and the London Stock Exchange will take place on Nov. 26.Says completion of the acquisition is conditional upon admission of the New Shares becoming effective.HSBC Bank plc is acting as bookrunner on the placing and as sponsor in connection with the admission of the new shares.

Indiabulls Securities Ltd's acquires 100 pct of share capital of India Land and Properties Private Ltd

Wednesday, 19 Nov 2014 05:12am EST

Indiabulls Securities Ltd:Says that Indiabulls Distribution Services Limited, a wholly owned subsidiary of the company has acquired 100 pct of the share capital of India Land and Properties Private Limited for a consideration of 6000 mln Indian rupees.India Land and Properties owns a commercial complex of 3 towers with a total constructed area of 2.4 mln Sq. ft and leasable area of 2 mln Sq. ft. The total land area of the complex is over 10 acres.Park has been designed in compliance to the National Building Codes by the internationally acclaimed ZAHA HADID, UK, Laureate Pritzker Prize Winner (2004).Building complex is renamed as One Indiabulls Park, Chennai.

Pioneers Holding Company for Financial Investment SAE cancels plan to acquire Dice Sport and MasterLine for Textile Industries

Sunday, 16 Nov 2014 07:00pm EST

Pioneers Holding Company for Financial Investment SAE:Announces that the company has decided not to proceed with the acquisition of 50.1 pct stake of Dice Sport and MasterLine for Textile Industries.

Stifel Financial Corp completes acquisition of 1919 Investment Counsel & Trust Co

Monday, 10 Nov 2014 08:00am EST

Stifel Financial Corp:Says the completion of the previously announced acquisition of 1919 Investment Counsel & Trust Company, N.A., formerly known as Legg Mason Investment Counsel & Trust Co., N.A.1919 Investment Counsel provides customized investment advisory, trust and family offices services, on a discretionary basis, to individuals, families, and institutions.

Crown International Corp Ltd's Crown International Resort Ltd to acquire entire issued share capital of Zhongshan Hualian Industrial Development Co Ltd

Friday, 7 Nov 2014 09:44am EST

Crown International Corp Ltd:Says that Crown International Resort Ltd, indirect wholly owned subsidiary of the company, entered into sale and purchase agreement with Sino Oasis Oversea Ltd.Pursuant to which Crown International Resort has agreed to purchase and Sino Oasis Oversea Ltd has agreed to sell sale shares, representing entire issued share capital of Zhongshan Hualian Industrial Development Co Ltd at consideration, being HK$1,008,000,000.In which HK$700,000,000 will be satisfied by cash payment and remaining HK$308,000,000, will be satisfied by issuance and allotment of consideration shares to Sino Oasis Oversea Ltd, at issue price of HK$0.70 per consideration share.

Tradegate Wertpapierhandelsbank AG enters into purchase agreement with Quirin Bank for acquisition of Berliner Effektenbank

Wednesday, 5 Nov 2014 10:38am EST

Tradegate Wertpapierhandelsbank AG:Announces acquisition of Berliner Effektenbank, enters into purchase agreement with Quirin Bank AG.Says at beginning of 2015, retail operations of Tradegate AG Wertpapierhandelsbank will be continued and expanded under 'Berliner Effektenbank' brand.

EnerNOC acquires World Energy Solutions Inc

Tuesday, 4 Nov 2014 04:20pm EST

EnerNOC Inc:Enters into an agreement to acquire World Energy Solutions, Inc.Purchase price of $5.50 per share, and the assumption of debt for a total transaction value of about $76 mln in cash.

Rising Development Holdings Ltd's Surplus Basic Ltd announces acquisition of shares and sale loan

Tuesday, 4 Nov 2014 05:21am EST

Rising Development Holdings Ltd:Says on Oct. 31, Surplus Basic Ltd (purchaser), subsidiary and vendor entered into acquisition agreement.Pursuant to which purchaser conditionally agreed to acquire, and Accurate Win Ltd (vendor) conditionally agreed to sell, sale shares and sale loan, at an aggregate consideration of HK$500,000,000 which is to be reduced on dollar for dollar basis.Says reduced on dollar for dollar basis by amount of which target consolidated liability exceeds 650 mln Yuan and by amount of which the aggregate consolidated Borrowing of target group as at completion exceeds 600 mln Yuan.Consideration will be satisfied as to HK$100,000,000 by allotment and issue of consideration shares and as to balance payable in cash or by issue of loan note by purchaser to vendor at discretion of purchaser.

FinTech Group AG secures option to acquire majority stake of 54 pct in XCOM Group

Tuesday, 4 Nov 2014 05:00am EST

FinTech Group AG:Has secured option to acquire majority stake of 54 pct in XCOM Group.Says in order to finance acquisition, FinTech Group has secured mezzanine loan.Says final closing is expected latest for Jan. 2015.Says for 2015, FinTech Group also intends to change its listing from entry standard to prime standard of Frankfurt stock exchange, combined with dual listing at AIM, London.

RCS Capital Corp terminates agreement to acquire Cole Capital

Monday, 3 Nov 2014 06:00am EST

RCS Capital Corp:Has terminated previously disclosed definitive agreement to acquire Cole Capital Partners, LLC and Cole Capital Advisors, Inc.In addition, concurrently with termination of definitive agreement to acquire Cole Capital, previously disclosed interim sub-advisory agreements entered into on Oct. 22.

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$115.00
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$81.00
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