Latest Corporate finance Stories

FEDERAL WAY, Wash., June 18, 2013 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the pricing of the public offering of 12,000,000 6.375% Mandatory Convertible Preference Shares, Series A at $50.00 per share. In addition, the underwriters of the offering have an option to purchase up to an additional 1,800,000 shares of the Mandatory Convertible Preference Shares. The offering is expected to close on Monday, June 24, 2013, subject to customary closing conditions....

NEW YORK, June 18, 2013 /PRNewswire/ -- Intercept Pharmaceuticals, Inc. (NASDAQ: ICPT), a clinical stage biopharmaceutical company focused on the development and commercialization of novel bile acid therapeutics to treat chronic liver diseases, today announced the pricing of an underwritten public offering of 1,730,000 shares of its common stock at a public offering price of $33.01 per share. In addition, Intercept has granted the underwriters a 30-day option to purchase up to an...

LAVAL, Quebec, June 18, 2013 /PRNewswire/ -- Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) has priced its previously announced public offering of common shares (the "Offering"). Pursuant to the Offering, the Company will issue 23,529,412 common shares at a price of $85.00 per share, for aggregate gross proceeds of approximately $2.0 billion. The Company will file a final prospectus supplement to its effective shelf registration statement on Form S-3 and will...

VIENNA, Va., June 18, 2013 /PRNewswire/ -- Convera Corporation Liquidating Trust, a Delaware statutory trust (the "Trust"), announced today that it is making its final distribution of assets, and thereby completing its liquidation. The Trust was formed in April 2011 in order to hold for distribution shares of Common Stock of Vertical Search Works, Inc. ("VSW") then owned by Convera Corporation, a dissolved Delaware corporation ("Convera") for the benefit of the holders (the...

NEW YORK, June 18, 2013 /PRNewswire/ -- Carl C. Icahn and his affiliates today delivered the following open letter to shareholders of Dell Inc. Dear Fellow Dell Shareholders: We take this opportunity to respond to rumors regarding the availability of financing for our proposal for a recapitalization at Dell and to address recent statements by Dell that demean the prospects of Dell. We are amazed by these statements by the Dell Board. In what other context would the person tasked...

LONDON, June 18, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Improving consumer confidence in the U.S. augurs well for apparel stores operators. The improvement in consumer confidence is being driven by the recovery in the labor market. With the labor market recovery expected to continue, consumer spending is likely to remain robust going forward. The major concern for apparel stores operators is Europe. Although...

ASHEVILLE, N.C., June 18, 2013 /PRNewswire/ -- Ken Glass, chairman and founder of the TECT family of businesses and Stony Point Group, announced today the launch of a new investment and management company, Cold Mountain Capital, LLC. The company will be headquartered in Asheville, N.C., and led by aerospace and private equity veteran David Nolletti. (Photo: http://photos.prnewswire.com/prnh/20130618/CG34180) "The formal launch of Cold Mountain Capital marks the beginning of a...

MEXICO CITY, June 18, 2013 /PRNewswire/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. (NYSE: MXT, BMV: MAXCOM.CPO) ("Maxcom", or the "Company") announced yesterday that it intends to utilize a 30-day grace period with respect to today's scheduled interest payment of approximately US$11 million on its 11% Senior Notes due 2014 (the "Senior Notes") to allow the Company to continue discussions with a new investor and certain of the noteholders to recapitalize and reorganize the Company's...

VANCOUVER, June 18, 2013 /PRNewswire/ - WesternOne Inc. (TSX: WEQ, WEQ.DB, WEQ.DB.B and WEQ.DB.C) today announced that its Board of Directors has approved a cash dividend of $0.05 per share for the month of June 2013 (equivalent to $0.60 per share on an annualized basis). This dividend will be paid on July 15, 2013 to shareholders of record at the close of business on June 28, 2013. During May 2013, 16,733 common shares were issued at $5.25 per share in connection with the...

NEW YORK, June 18, 2013 /PRNewswire/ -- Royalty Pharma announced today that it had withdrawn its request for a judicial review of the Irish Takeover Panel's decision requiring it to lapse its offer for Elan Corporation, plc (NYSE: ELN) if, among other things, Elan shareholders approved the Share Repurchase Program. Following Elan's announcement of a sale process, Elan shareholders approved the Share Repurchase Program with 187,484,566 votes FOR and 186,574,867 AGAINST, a margin of...