TextGuard Mobile Compliance Solution Now Available on Blackberry App World
Filed under: Business, Capital Markets, Communications, Data Management, Mobile, Technology, Telecom
Leading Electronic Communication Compliance for Mobile Devices is Now Available for the 37 Million Blackberry Users Around the Globe
New York, NY – December 14, 2009: TextGuard™, the leading provider of Mobile Electronic Communication Compliance, today announced that their software is now available on the Blackberry App World. The 37 million Blackberry® users worldwide can now have full access to TextGuard™ and all of its features effective immediately. Read more
Private Equity players find huge opportunities in Indian Infrastructure sector
Newstron (Press Release) – Sep 30, 2009 – It seems like that large number of private equity companies are looking at Indian Infrastructure sector with immense potential as many are rushing in to raise funds for the sector reports Just Invested
According to Perqin, a global firm that tracks PE and alternative assets, Rs. 8,541 cores is in the process of being raised, out of which Rs. 6,800 is by India dedicated infrastructure funds. Read more
Forma Therapeutics Announces $200 mn Collaboration Deal with Novartis
Filed under: Americas, Biotech, Capital Markets, Europe, Finance, JVs, M&A, Pharma
CAMBRIDGE, Mass. Jan 12, 2009 — FORMA Therapeutics announced today that it has entered into a license and option agreement through the Novartis Option Fund. Under the terms of the agreement, FORMA will leverage its transformative biology and chemistry platform to develop inhibitors for an undisclosed protein-protein interaction target in the field of oncology. The agreement includes an upfront fee and potential milestones totaling over $200 million as well as royalties.
“Protein-protein interactions represent important target opportunities in the field of oncology drug discovery, but have been highly elusive to date,” stated Reinhard Ambros, Head of the Novartis Venture Funds. “Novartis is very excited to be collaborating with FORMA to access their biology and chemistry expertise and powerful discovery tools to unlock this challenging target class.” Read more
Motorola to sell Mobile Device Business
Filed under: Americas, Capital Markets, Communications, Mobile, Telecom
Motorola to Explore Structural and Strategic Realignment of its Businesses to Enhance Shareholder Value
Company will evaluate alternatives to accelerate the ability of its Mobile Device Business to recapture growth and profitability in an expanding global market
SCHAUMBURG, Ill., – January 31, 2008 – Motorola, Inc. (NYSE: MOT) today announced it is exploring the structural and strategic realignment of its businesses to better equip its Mobile Devices business to recapture global market leadership and to enhance shareholder value. The company’s alternatives may include the separation of Mobile Devices from its other businesses in order to permit each business to grow and better serve its customers.
“All of our businesses have exceptional people, products and intellectual property and the ability to achieve category leadership in their markets,” said Greg Brown, President and Chief Executive Officer. “We are exploring ways in which our Mobile Devices Business can accelerate its recovery and retain and attract talent while enabling our shareholders to realize the value of this great franchise.”
The company does not intend to discuss developments with respect to the exploration of strategic alternatives unless or until its Board of Directors has approved a definitive transaction or the process is otherwise complete. There can be no assurance that any transaction will occur or, if one is undertaken, its terms or timing.
About Motorola
Motorola is known around the world for innovation in communications. The company develops technologies, products and services that make mobile experiences possible. Our portfolio includes communications infrastructure, enterprise mobility solutions, digital set-tops, cable modems, mobile devices and Bluetooth accessories. Motorola is committed to delivering next generation communication solutions to people, businesses and governments. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.6 billion in 2007. For more information about our company, our people and our innovations, please visit http://www.motorola.com.
Business Risks
This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include , but are not limited to possible actions related to the company’s Mobile Devices business. Motorola cautions the reader that the risk factors below, as well as those on pages 16 through 24 in Item 1A of Motorola’s 2006 Annual Report on Form 10-K and in its other SEC filings, could cause Motorola’s actual results to differ materially from those estimated or predicted in the forward-looking statements. Factors that may impact forward-looking statements include, but are not limited to market conditions in general and applicable to possible alternatives for the businesses, and tax and regulatory matters. Motorola undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.
# # #
Media Contact:
Jennifer Erickson
Motorola, Inc.
+1-847-435-5320
jennifer.erickson@motorola.com
Investor Relations Contact:
Dean Lindroth
Motorola, Inc.
+1-847-576-6899
dean.lindroth@motorola.com
Reliance Power IPO: Reliance Energy, Anil Ambani Bring In Their Contribution
Filed under: Asia-Pacific, Business, Capital Markets, Energy, Finance, People
Reliance Energy, Anil Ambani brings in Rs 1440 crore as part of the promoters’ contribution in the Reliance Power IPO
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Investment @Rs 450 per share, top end of the band.
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The IPO opens tomorrow.
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Rs 20 discount for retail investors.
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Retail investors have option to pay only Rs 115 per share on application.
Mumbai, January 14: One day prior to the opening of the Reliance Power initial public offer (IPO), its promoters Anil Dhirubhai Ambani and Reliance Energy Limited have brought in their (promoters) contribution of Rs 1,440 crore at Rs 450 per share.
The subscription price for these shares has been determined at the upper end of the price band of Rs 405-450 per share. The issue opens for public subscription tomorrow (January 15), and will close on January 18.
The Reliance Power IPO, the country’s largest IPO so far, is expected to raise an amount in the range of Rs 10,700 crore-11,700 crore, with a net issue to the public of 228 million shares. The total issue size is of 260 million shares, including the promoters’ contribution of 32 million shares.
The Reliance Power issue has already being rated 4/5 by rating agencies CRISIL and ICRA, indicating above average fundamentals.
Retail investors have been offered a discount of Rs 20 per share, which implies their net cost of subscription will be Rs 430 per share, if they choose to bid at Rs 450 per share. Retail investors also have the option of making part payment of the application monies, wherein they will have to put in only Rs 115 per share upon application. The balance will be called upon, post the allotment of partly paid shares.
With a combined planned installed capacity of 28,200 MW, Reliance Power has one of the largest portfolios of power generation assets under development in India
Kotak Mahindra Capital Company Limited, UBS Securities India Private Limited, ABN AMRO Securities (India) Private Limited, Deutsche Equities India Private Limited, Enam Securities Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and J.P. Morgan India Private Limited are acting as the Book Running Lead Managers to the Issue whilst Macquarie India Advisory Services Private Limited and SBI Capital Markets Limited are acting as Co-Book Running Lead Managers. Amarchand & Mangaldas & Suresh A. Shroff & Co. is advising the Company whilst Cleary Gottlieb Steen & Hamilton and J. Sagar and Associates are advising the BRLMs and CBRLMs in relation to the Issue.
NOTE:
The Company is proposing, subject to market conditions and other considerations, an initial public offering (“IPO”) of its equity shares and has filed its Red Herring Prospectus (“RHP”) with the Registrar of Companies (“ROC”), Maharashtra, in Mumbai. The RHP is available on the website of the SEBI at www.sebi.gov.in; on the respective websites of the BRLMs at www.kotak.com, www.ibb.ubs.com/Corporates/indianipo, www.abnamroindia.com, www.db.com/India, www.enam.com, www.icicisecurities.com, www.jmfinancial.com and www.jpmipl.com; and that on the CBRLMs at www.macquarie.com/in and www.sbicaps.com. This RHP does not, however, constitute an offer to sell or an invitation to subscribe to or purchase Equity Shares offered hereby in any other jurisdiction to any Person to whom it is unlawful to make an offer or invitation in such jurisdiction. This press release is restricted and not for publication or distribution in or into the United States. This press release is not for offer or sale in the United States of any securities of the Company. The securities of the Company have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be sold in the United States absent registration under the US Securities Act or an exemption from such registration. There will be no public offering of any securities of the Company in the United States. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of RHP.
For further details contact:
Venkatesh Somayaji
Tel :9312 782480
venkatesh.somayaji@relianceada.com
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