It was a straightforward question decided in a straightforward manner.
The question: with another Halogen Software Inc. equity offering in the works, what would happen to the syndicate when one of the five underwriters — specifically one of the two lead managers and book runners used in its initial public offering that was completed earlier this year — has exited the business?
Actavis plc (NYSE:ACT) plans to complete a $22 billion bond offering by Tuesday to finance its $66 billion acquisition of Botox-maker Allergan, Inc. (NYSE:AGN), sources familiar with the matter told Bloomberg.
IT'S difficult to imagine a scenario in which America's labour market recovery proceeded as rapidly as the one following the 1982 downturn. This was a different sort of recession, and history tells us that recoveries in the wake of debt busts and financial crises are long and slow. Still, things looked somewhat promising back in the spring of this year. Private employment, which had begun growing again in January of 2010, rose by 158,000 jobs in March and by 241,000 jobs in April.
BEIJING — Police have detained a local official and a driver for fatally running over a 13-month-old boy during an argument with his family over the payment of a fine for violating China’s strict family planning limits, state media and the local government said Wednesday.
Actavis plc (NYSE:ACT) on Tuesday completed its bond sale, which ranks as the second-largest corporate bond deal on record. The $21 billion bonds flew off the shelves, as yield-hungry investors swarmed in for investments with returns better than the low Treasury bond yields.
Plug Power Inc (PLUG) raised $124.3 million yesterday in what was the biggest sale of its stock since the company went public in 1999. In a secondary offering of its stock, the fuel cell company sold 22.6 million shares for $5.50 apiece, far more than the 15 million shares it had initially planned to sell. Plug Power holds over $150 million in cash after the latest offering.
OTTAWA — The Conservative government has eroded the “integrity and credibility” of federal budgets through a system of secrecy that keeps parliamentarians and Canadians in the dark about how their money is spent, say two senior former officials in the finance department.
In a biting critique of the government to be published in Inside Policy magazine, former bureaucrats Scott Clark and Peter DeVries outline a troubling pattern of actions taken by the governing Conservatives since they took office several years ago.