Generic drugmaker Actavis Plc (ACT.N) said it would acquire specialty pharmaceuticals company Forest Laboratories Inc (FRX.N) in a cash and stock deal valued at about $25 billion. Actavis will pay the equivalent of $89.48 per share, representing a premium of 25 percent to Forest’s Friday close. The offer comprises $26.04 […]
Author: InvestAdvocate
China January foreign direct investment rises in sign of confidence
China drew $10.76 billion in foreign direct investment (FDI) in January, up 16.1 percent from a year earlier, the Commerce Ministry said on Tuesday, a sign that confidence in the world’s second-largest economy remains firm even as growth cools. The majority of the new investment, some $6.33 billion, went into […]
$50 million Private Placement: Oando Holds EGM to Seek Shareholders Approval
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Oando Plc whose subsidiary Oando Energy Resources Inc (OER) is seeking to raise $50 million via private placement will today Tuesday hold an extraordinary general to get shareholders approval. Late January 2014 Oando announced that OER intends to do a $50 million private placement to […]
