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CVC sells Paperbox Holdings to Japan s Oji (at Reuters)
Friday March 12th 2010 03:19:14 AM

Private equity fund CVC Partners has agreed to sell Paperbox Holdings Ltd to Japan s Oji Paper Co Ltd for an undisclosed amount, Oji said on Friday.

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EXFO Announces Acquisition of Global Wireless Test Specialist NetHawk Oyj
Friday March 12th 2010 03:05:00 AM

Visit StreetInsider.com at http://www.streetinsider.com/Press+Releases/EXFO+Announces+Acquisition+of+Global+Wireless+Test+Specialist+NetHawk+Oyj/5432641.html for the full story.

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Hard to Treat Diseases (HTDS) Acquired Varicella Approval in Guatemala
Friday March 12th 2010 03:00:00 AM

Visit StreetInsider.com at http://www.streetinsider.com/Press+Releases/Hard+to+Treat+Diseases+%28HTDS%29+Acquired+Varicella+Approval+in+Guatemala/5432620.html for the full story.

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Mobile telecoms operator MTS-Ukraine transforms talent acquisition and delivers substantial ROI with StepStone Solutions including annual savings of ?250,000
Friday March 12th 2010 02:19:00 AM

LONDON--(BUSINESS WIRE)--MTS, the 8th largest mobile phone operator in the world and the largest mobile phone operator in Russia and the CIS, servicing over 90 million subscribers, has implemented an online talent acquisition (e-recruitment) system from StepStone Solutions (OSE:STP)(LSE:STPS) at its MTS-Ukraine subsidiary. The implementation of StepStone Solutions Talent Acquisition helped transform the HR function in MTS-Ukraine, resulting in significant financial and business benefits, includi

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CVC sells Paperbox Holdings to Japan's Oji
Friday March 12th 2010 02:13:33 AM

HONG KONG, March 12 (Reuters) - Private equity fund CVC Partners [CVC.UL] has agreed to sell Paperbox Holdings Ltd to Japan's Oji Paper Co Ltd for an undisclosed amount, Oji said on Friday.

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Financial stocks push FTSE 100 higher (at Financial Times)
Friday March 12th 2010 02:04:01 AM

London shares opened a little higher on Friday, capping off one of the least volatile weeks of the year, amid a lively revival of merger and acquisition activity.

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Norwegian fertilizer group Yara won't up bid for Terra after higher CF offer
Friday March 12th 2010 01:33:00 AM

The Canadian Press - OSLO, Norway - Norwegian fertilizer company Yara International ASA says it will not increase its offer to acquire U.S. competitor Terra Industries after Terra's board chose to favour a higher bid from CF Industries.

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Report: Exxon could scuttle part of Devon-BP deal
Friday March 12th 2010 01:16:11 AM

LONDON (MarketWatch) -- Part of the $7 billion deal between BP and Devon Energy could be scuttled by rivals should they want to exercise pre-emption rights over Azerbaijan assets worth an estimated $3 billion, The Times of London reported. Exxon Mobil , Chevron , StatoilHydro and Hess have preemption rights over the sale of Devon's stake in the Azeri-Chirag-Gunashli project, and they could sell the stake to a third party like Sinopec or CNOOC, the report said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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Bayer healthcare unit says eyes takeovers in India
Friday March 12th 2010 01:11:15 AM

SINGAPORE (Reuters) - Bayer , Germany's largest drugmaker, is looking for acquisitions to bolster its fledgling healthcare business in India, it said on Friday.

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Hootsuite acquires developer Swift App to bolster its Android efforts
Friday March 12th 2010 01:00:31 AM

Fresh off its recent Android launch, Canadian social media startup HootSuite acquired developer Swift App to beef up its presence on Google’s mobile platform.

Sebastian Delmont, the developer behind Swift App, will join HootSuite as a mobile adviser. His company built a Twitter client of the same name for Android phones (the first picture below). Neither company released terms of the deal.

HootSuite builds products that let people and businesses manage their presences across multiple social networks. Compared to other startups in the space like Brizzly, HootSuite has a more explicit focus on enterprise use and caters to marketers and businesses. The Android app they launched a week ago (pictured at the bottom) lets users update multiple Twitter profiles, do real-time search, track keywords and check out analytics for messages they send out.

HootSuite also had a unique addition to its Android app: it began offered ads in-stream through a partnership with 140 Proof. The company plans to integrate Facebook status updates into its Android client soon.

Tags: Social Media, Twitter

Companies: hootsuite, swift app

Fresh off its recent Android launch, Canadian social media startup HootSuite acquired developer Swift App to beef up its presence on Google’s mobile platform.

Sebastian Delmont, the developer behind Swift App, will join HootSuite as a mobile adviser. His company built a Twitter client of the same name for Android phones (the first picture below). Neither company released terms of the deal.

HootSuite builds products that let people and businesses manage their presences across multiple social networks. Compared to other startups in the space like Brizzly, HootSuite has a more explicit focus on enterprise use and caters to marketers and businesses. The Android app they launched a week ago (pictured at the bottom) lets users update multiple Twitter profiles, do real-time search, track keywords and check out analytics for messages they send out.

HootSuite also had a unique addition to its Android app: it began offered ads in-stream through a partnership with 140 Proof. The company plans to integrate Facebook status updates into its Android client soon.

Tags: ,

Companies: ,

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First details of Deus Ex 3 emerge
Friday March 12th 2010 12:51:54 AM

In the worldwide debut of both Eidos Montreal and its first project, Deus Ex 3: Human Revolution, art designer Jonathan Jacques-Belletete demonstrated how his team challenged status quo thinking by creating a visual language centered around two esoteric art styles, the the Renaissance and modern-day cyberpunk. He showed the first look at the third game in the award-winning series.

In the Game Developers Conference session entitled “Creating a Unique Visual Direction: The Successes and Failures of Creating a Near-Future Cyberpunk Setting with a Renaissance Twist,” Jacques-Belletete chronicled the first failed attempts at merging the two art styles directly, and by doing so detailed the re-birth of the series.

Warren Specter’s first game, Deus Ex, hit the PC in June 2000 to rave reviews. The series saw a sequel in 2003, Deus Ex: The Invisible War, which received distinctly lower review scores and matching lower sales. Deus Ex 3: Human Revolution is a prequel to the original due in 2010.

Deus Ex 3 is a first-person shooter/role-playing game that takes place before the events of the original title. It features changes to the series such as camera switches that move from the first- to third-person perspectives during special attacks and in cover situations. In an illustrative video showing environmental patterning and architecture, the screen displayed a temporary Dpad configuration showing the ability to turn lights on, teleport, exit, and unfreeze time. These are likely to have been place holder actions. The game also delivers new characters, weapons, environments, and character abilities.

Jacques-Belletete showed a Polaroid shot of the original five team members from May 25, 2007, followed by shots of a growing team that, in 2009, grew to 130 people. The Montreal team started the project with no pre-made software engine, no technology tools handed to them, no art bank from inner-company teams, and a studio not prepared to take on the size and scope of the project, he explained.

“My idea was to merge Renaissance and cyberpunk art styles together, which as you’ll see, didn’t turn out all that well at first.”

Drawing from traditional noire themes, night time, fog, smoke, and clutter, Jacques-Belletete also looked at  trans-humanism literature espousing the idea that humans “should” evolve with technology to improve the human condition. Reading books such as “The Singularity is Near” (by last year’s GDC keynote speaker futurist Ray Kurtzweil), “Radical Evolution,” “Citizen Cyborg,” and “More than Human,” and meeting multiple times with researcher Will Rossellini, the CEO of MicroTransponder, he sought to establish a universal visual voice for the project.

“I found that anonymous quote, ‘Don’t expect anything original from an echo,’” said Jacques-Belletete. “We didn’t just want to make a bigger, shinier version of the same old thing.”

He hired top designers Jim Murray (which drew Batman Vs. Judge Dredd), and Thierry Doizon (Barontieni), who pointedly disagreed with the idea of merging such distinctly different styles. “The first efforts just didn’t work. It created friction, and those guys hated me. The first efforts didn’t look credible or wearable.”

But Jacques-Belletete’s perseverance paid off. He showed 16 shots of military shooters, including Killzone, Turok, Fuel of War, Gear of War, and Dark Sector, among others, all of which looked strikingly the same to illustrate that realistic visuals don’t always work. “With such great technology and tools in the industry’s hands, you’d think these futuristic shooters would have vastly different art styles. But they don’t. By taking the realistic route versus an illustrative one, we wanted to avoid the Uncanny Valley. When you look at the characters in Heavy Rain–a great-game, mind you–those characters are just scary looking. They don?t look realistic at all?I’m sure I’m going to catch hell for this.”

Going back to the drawing board again, Jacques-Belletete reached out to modern day fashion, which merged eccentric shapes and styles in a variety of different ways, and which struck a chord with his team. Secondary and tertiary attempts at blending old and new styles took on a more subtle, less direct approach, and worked into clothing that looked like trendy fashion wear some would wear, he explained. “I’d wear those jackets,” he said to the crowd’s laughter.

Jacques-Belletete showed quick videos of lead characters Adam Jenson and Hass discussing the controversial shooting that caused irreparable damage to their team, displaying a dialogue tree that used Dpad choices on screen. He explained that once his team was able to see how modern fashion incorporated old and new styles into a singular whole, his team’s progress saw enormous progress with character outfits and designs, and after environment, architecture, and everything from window design to weaponry.

“To conclude, to create original art for a game like we did,” finished Jacques-Belletete,” you need to find a visual constant and to be as original as possible, to find your own visual voice to avoid creating just another echo.”

In the worldwide debut of both Eidos Montreal and its first project, Deus Ex 3: Human Revolution, art designer Jonathan Jacques-Belletete demonstrated how his team challenged status quo thinking by creating a visual language centered around two esoteric art styles, the the Renaissance and modern-day cyberpunk. He showed the first look at the third game in the award-winning series.

In the Game Developers Conference session entitled “Creating a Unique Visual Direction: The Successes and Failures of Creating a Near-Future Cyberpunk Setting with a Renaissance Twist,” Jacques-Belletete chronicled the first failed attempts at merging the two art styles directly, and by doing so detailed the re-birth of the series.

Warren Specter’s first game, Deus Ex, hit the PC in June 2000 to rave reviews. The series saw a sequel in 2003, Deus Ex: The Invisible War, which received distinctly lower review scores and matching lower sales. Deus Ex 3: Human Revolution is a prequel to the original due in 2010.

Deus Ex 3 is a first-person shooter/role-playing game that takes place before the events of the original title. It features changes to the series such as camera switches that move from the first- to third-person perspectives during special attacks and in cover situations. In an illustrative video showing environmental patterning and architecture, the screen displayed a temporary Dpad configuration showing the ability to turn lights on, teleport, exit, and unfreeze time. These are likely to have been place holder actions. The game also delivers new characters, weapons, environments, and character abilities.

Jacques-Belletete showed a Polaroid shot of the original five team members from May 25, 2007, followed by shots of a growing team that, in 2009, grew to 130 people. The Montreal team started the project with no pre-made software engine, no technology tools handed to them, no art bank from inner-company teams, and a studio not prepared to take on the size and scope of the project, he explained.

“My idea was to merge Renaissance and cyberpunk art styles together, which as you’ll see, didn’t turn out all that well at first.”

Drawing from traditional noire themes, night time, fog, smoke, and clutter, Jacques-Belletete also looked at  trans-humanism literature espousing the idea that humans “should” evolve with technology to improve the human condition. Reading books such as “The Singularity is Near” (by last year’s GDC keynote speaker futurist Ray Kurtzweil), “Radical Evolution,” “Citizen Cyborg,” and “More than Human,” and meeting multiple times with researcher Will Rossellini, the CEO of MicroTransponder, he sought to establish a universal visual voice for the project.

“I found that anonymous quote, ‘Don’t expect anything original from an echo,’” said Jacques-Belletete. “We didn’t just want to make a bigger, shinier version of the same old thing.”

He hired top designers Jim Murray (which drew Batman Vs. Judge Dredd), and Thierry Doizon (Barontieni), who pointedly disagreed with the idea of merging such distinctly different styles. “The first efforts just didn’t work. It created friction, and those guys hated me. The first efforts didn’t look credible or wearable.”

But Jacques-Belletete’s perseverance paid off. He showed 16 shots of military shooters, including Killzone, Turok, Fuel of War, Gear of War, and Dark Sector, among others, all of which looked strikingly the same to illustrate that realistic visuals don’t always work. “With such great technology and tools in the industry’s hands, you’d think these futuristic shooters would have vastly different art styles. But they don’t. By taking the realistic route versus an illustrative one, we wanted to avoid the Uncanny Valley. When you look at the characters in Heavy Rain–a great-game, mind you–those characters are just scary looking. They don?t look realistic at all?I’m sure I’m going to catch hell for this.”

Going back to the drawing board again, Jacques-Belletete reached out to modern day fashion, which merged eccentric shapes and styles in a variety of different ways, and which struck a chord with his team. Secondary and tertiary attempts at blending old and new styles took on a more subtle, less direct approach, and worked into clothing that looked like trendy fashion wear some would wear, he explained. “I’d wear those jackets,” he said to the crowd’s laughter.

Jacques-Belletete showed quick videos of lead characters Adam Jenson and Hass discussing the controversial shooting that caused irreparable damage to their team, displaying a dialogue tree that used Dpad choices on screen. He explained that once his team was able to see how modern fashion incorporated old and new styles into a singular whole, his team’s progress saw enormous progress with character outfits and designs, and after environment, architecture, and everything from window design to weaponry.

“To conclude, to create original art for a game like we did,” finished Jacques-Belletete,” you need to find a visual constant and to be as original as possible, to find your own visual voice to avoid creating just another echo.”

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Hufvudstaden Acquires Two Properties in Central Gothenburg
Friday March 12th 2010 12:16:00 AM

STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: Hufvudstaden has in Gothenburg acquired the properties Inom Vallgraven 12:1 and 12:9, which have a prime commercial location on Fredsgatan, next to the NK department store. The seller is Alecta Pension Insurance, Mutual. The purchase sum is SEK 175 million and the completion date is March 30, 2010. The total rentable floor space is approximately 4,100 square metres, comprising 1,700 square metres of office space, 1,500 square metres of retaili

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Li3 Energy Closes Acquisition of Next Lithium Assets at Big Smoky Valley, Nevada
Friday March 12th 2010 12:01:00 AM

LIMA, PERU--(Marketwire - March 12, 2010) -  Li3 Energy, Inc. (OTCBB: LIEG) ("Li3 Energy" or the "Company") is pleased to announce it has closed its previously announced agreement to acquire the assets of Next Lithium Corp. ("Next Lithium").

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Acquisition and Fundraising
Thursday March 11th 2010 11:00:00 PM

<pre>12 March 2010 DATUM INTERNATIONAL LIMITED (PLUS-quoted: DATP) Acquisition of Bristol based document & data capture company Fundraising of c. £1m (before expenses) at 6p Datum International Limited ("Datum" or the "Company"), the software company specialising in the development, supply, implementation and support of their Enterprise Content Management ("ECM") Solution KnowledgeWorker®, announces that it has raised GBP 1,003,000 and acquired, conditional on payment of the consideration, Root3 Limited ("Root3"), a Bristol based document capture business for an initial consideration of GBP 600,000. About Root3 Root3 is a Bristol based

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Deepwell Announces Potential Acquisition
Thursday March 11th 2010 10:16:00 PM

CALGARY, ALBERTA--(Marketwire - March 11, 2010) -

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Powerit Solutions Completes Merger with Diana Solutions
Thursday March 11th 2010 10:00:00 PM

SEATTLE--(BUSINESS WIRE)--Powerit Solutions completes merger with Diana Solutions of Sweden. No personnel changes or job losses are associated with the merger's completion.

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Fortis Healthcare Acquires Stake In Singapore-Listed Firm
Thursday March 11th 2010 08:48:57 PM

Fortis Healthcare Ltd., India's fastest growth healthcare company, said on Thursday that it had acquired 23.9% stake in Singapore-listed healthcare service provider, Parkway Holdings Ltd., for around $685.3 million.

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Up For Grabs : Rumor Mill...
Thursday March 11th 2010 08:21:58 PM

The merger & acquisition activity is back in full swing in 2010. A number of notable M&A deals have been announced so far this year, and takeover rumors surrounding some companies, continue to make headlines.

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Fast Action: Using Options To Game M&A (at CNBC)
Thursday March 11th 2010 08:06:52 PM

Looking to game the next merger or acquisition? You might want to consider playing it with options?

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Agrium Not To Pursue Acquisition Of CF Industries - Update
Thursday March 11th 2010 07:48:00 PM

In what will end a year long take-over battle, Canadian fertilizer and agricultural products distributor Agrium, Inc. announced Thursday that it will no longer pursue U.S.-based rival CF Industries Holdings, Inc., and will let its exchange offer for CF shares expire on March 22. It will also not push for the election of its nominees to the CF board.

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Agrium drops hostile takeover offer for U.S. company CF Industries
Thursday March 11th 2010 05:47:00 PM

The Canadian Press - CALGARY - Canadian fertilizer giant Agrium Inc. is dropping its US$5.5-billion takeover bid for U.S. company CF Industries Holdings Inc., which this week came one step closer to winning a hostile acquisition of its own.

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Akorn, Inc. Enters into an Agreement to Sell Common Stock and Warrants
Thursday March 11th 2010 03:31:00 PM

LAKE FOREST, Ill.--(BUSINESS WIRE)--Akorn, Inc. (NASDAQ: AKRX) a niche generic pharmaceutical company, announced today that it has entered into an agreement to issue and sell to Serum Institute of India Ltd. (“Serum”) 1,838,235 shares of the Company’s common stock at $1.36 per share or a 15% discount to the market closing price on March 5, 2010 of $1.60 per share, resulting in aggregate proceeds of $2,500,000. The Company also agreed to issue to Serum a warrant to purchase appr

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H.B. Fuller Expanding Strategic Presence in Southeast Asia
Thursday March 11th 2010 03:00:00 PM

ST. PAUL, Minn.--(BUSINESS WIRE)--H.B. Fuller Company (NYSE: FUL) announced today that it has entered into a stock purchase agreement under which it will acquire all of the shares of Revertex Finewaters Shd Bhd in Malaysia, a joint venture of Yule Catto & Company Plc (LSE: YULC) and Jahor Corporation. Revertex Finewaters is a leading supplier of adhesives in Malaysia, with a well developed export network throughout Southeast Asia, including Thailand, Indonesia, Philippines, Vietnam, and Sing

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Agrium (AGU) To Terminate Bid for CF Industries (CF)
Thursday March 11th 2010 02:58:00 PM

Visit StreetInsider.com at http://www.streetinsider.com/Mergers+and+Acquisitions/Agrium+%28AGU%29+To+Terminate+Bid+for+CF+Industries+%28CF%29/5432124.html for the full story.

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Agrium (AGU) to Terminate Offer to Acquire CF Industries (CF)
Thursday March 11th 2010 02:57:10 PM

Visit StreetInsider.com at http://www.streetinsider.com/Mergers+and+Acquisitions/Agrium+%28AGU%29+to+Terminate+Offer+to+Acquire+CF+Industries+%28CF%29/5432123.html for the full story.

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Agrium to Terminate Offer to Acquire CF Industries
Thursday March 11th 2010 02:55:00 PM

CALGARY, ALBERTA--(Marketwire - March 11, 2010) - A

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Linklaters, Vinson & Elkins Advise on $7 Billion Energy Deal
Thursday March 11th 2010 02:28:32 PM

Six law firms are advising on BP's announced $7 billion acquisition of assets in Azerbaijan, Brazil, and the Gulf of Mexico from Oklahoma City-based Devon Energy.

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Harte Announces TSX Venture Approval of Option to Purchase Sugar Zone Property
Thursday March 11th 2010 02:06:00 PM

TORONTO, ONTARIO--(Marketwire - March 11, 2010) - HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT)(FRANKFURT:H4O) is pleased to announce that the TSX Venture Exchange has approved the 0ption to acquire Corona Gold Corp.'s ("Corona") 51% interest in the Sugar Zone Property (the "Option") announced March 8, 2010.

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UPDATE - Kinross to acquire Underworld for C$139.2 mln (at Reuters)
Thursday March 11th 2010 02:05:00 PM

* Offer values Underworld at C$2.62 a share * Offer represents a 36 pct premium to March 10 close TORONTO, March 11 - Gold miner Kinross said on Thursday it has agreed to acquire exploration company Underworld Resources in a deal worth C$139.2 million , expanding its asset base in northwest North America.

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UPDATE - Azur to acquire Elan s painkiller Prialt (at Reuters)
Thursday March 11th 2010 02:05:00 PM

* Azur to acquire Prialt from Elan * Financial terms of the transaction not disclosed * Acquisition expected to close in Q2

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Interstate Hotels & Resorts holders approve deal (AP)
Thursday March 11th 2010 02:05:00 PM

Lodging real estate investment trust and hotel manager Interstate Hotels & Resorts Inc. said Thursday that its shareholders have approved a $307 million buyout by Hotel Acquisition Co.

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UPDATE - Northern Trust eyes possible acquisition targets (at Reuters)
Thursday March 11th 2010 02:04:59 PM

* Northern might eye takeovers as rivals expand footprints * Fund administrators, asset managers would be of interest

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Terex agrees to sell 2 businesses (AP)
Thursday March 11th 2010 02:04:59 PM

Construction equipment maker Terex Corp. said Thursday it has agreed to sell its Atlas heavy construction equipment and knuckle-boom crane businesses.

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Smith & Wesson quarterly profit flat (AP)
Thursday March 11th 2010 02:04:56 PM

Firearms maker Smith & Wesson Holding Corp. on Thursday reported almost flat third-quarter profit, hurt by lower gun demand but helped by an acquisition.

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RadiSys acquires Pactolus; terms not disclosed
Thursday March 11th 2010 02:03:24 PM

RadiSys Corp., a maker of servers that support wireless phone networks, said Thursday it acquired privately held Pactolus Communications Software Co. Terms were not disclosed.

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IIROC: Reinstate, Beacon Acquisition Partners Inc.
Thursday March 11th 2010 01:56:00 PM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2010) - The following issue(s) will be reinstated for trading on the TSXV: /

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Denbury Resources moves into Plano's The Campus at Legacy
Thursday March 11th 2010 01:53:14 PM

In a move fueled by recent acquisitions, rapidly expanding oil and gas company Denbury Resources Inc. has leased 325,000 square feet of recently redeveloped office space at The Campus at Legacy in Plano to become its new corporate headquarters. (DNR)

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Smith & Wesson quarterly profit flat (AP)
Thursday March 11th 2010 01:49:02 PM

AP - Firearms maker Smith & Wesson Holding Corp. on Thursday reported almost flat third-quarter profit, hurt by lower gun demand but helped by an acquisition.

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BP to pay Devon $7 bln for fields
Thursday March 11th 2010 01:47:18 PM

LONDON/NEW YORK (Reuters) - BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world's top oil companies look to acquisitions to refill depleting reserves.

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Futurestep and The Newman Group Partner With HCI to Launch Online Talent Management Technologies Reference Center
Thursday March 11th 2010 01:44:00 PM

LOS ANGELES, March 11 /PRNewswire/ -- Futurestep, a Korn/Ferry Company (NYSE: KFY) specializing in talent acquisition solutions, today announced that the Human Capital Institute (HCI), has completed development of its Talent Management Technologies Reference Center.  The online resource availab

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Antares Exercises Option to Acquire 100% Interest in Haquira Cu-Mo-Au Project, Peru
Thursday March 11th 2010 01:43:00 PM

WATERDOWN, ONTARIO--(Marketwire - March 11, 2010) - Antares Minerals Inc. ("Antares") (TSX VENTURE:ANM) is pleased to announce it has exercised its option to acquire a 100% interest in the Haquira Cu-Mo-Au project in southern Peru by completing payments totaling US$15 million to Minera Phelps Dodge del Peru S.A.C. ("MPDP") prior to the March 4, 2010 expiry of the five year option period (please see Antares press release dated March 17, 2005 for details of the original option agreement). The process of title transfer will be completed as soon as practical and will most likely be finalized prior to the end of March, 2010.

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RadiSys Corp. (RSYS) Announces Acquisition of Pactolus Communications Software Co.
Thursday March 11th 2010 01:39:18 PM

Visit StreetInsider.com at http://www.streetinsider.com/Mergers+and+Acquisitions/RadiSys+Corp.+%28RSYS%29+Announces+Acquisition+of+Pactolus+Communications+Software+Co./5431541.html for the full story.

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Smith & Wesson third-quarter profit flat
Thursday March 11th 2010 01:38:08 PM

SAN FRANCISCO (MarketWatch) -- Smith & Wesson Holding Corp. said late Thursday that its fiscal third-quarter profit was virtually flat at $2.4 million, or 4 cents a share, compared with $2.4 million, or 5 cents a share, in the year-ago period. Excluding one time items from the gun maker's acquisition of Universal Safety Response, the company would have reported earnings of 2 cents a share. Revenue rose to $89.4 million from $83.7 million a year ago. Analysts surveyed by FactSet Research estimated a quarterly profit of 1 cent a share on revenue of $92.6 million. Smith & Wesson sees fourth-quarter sales of $97 million to $101 million, compared with an analyst consensus of $103.7 million. Shares of Smith & Wesson fell 8% to $4.35 in after-hours activity.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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Tech Council of Maryland Hosts Financial Executives Forum on State of Private Equity Market and Impact on Tech Community
Thursday March 11th 2010 01:32:00 PM

<p>ROCKVILLE, MD--(Marketwire - March 11, 2010) -  The Tech Council of Maryland (TCM) hosted a record crowd of local financial and business executives to discuss the current state of the private equity market and the impact on the region's tech community at the bi-monthly Financial Executives Forum (FEF). Brooke Coburn, managing director and head of Carlyle Growth Partners, and Matt Altman, partner of Arlington Capital Partners, were the featured speakers and shared their views on investing in growth businesses, acquisitions and financial markets.

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The Work Number Ensures Lender Compliance with Fannie Mae's Loan Quality Initiative
Thursday March 11th 2010 01:31:00 PM

ST. LOUIS, March 11 /PRNewswire/ -- The Work Number® announced today that social security number verification can be easily fulfilled using its DirectChek identity fraud solution, a product offering from the recent acquisition of The Rapid Reporting Company. DirectChek assists lenders in meetin

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SunGard Acquires Hosting 365
Thursday March 11th 2010 01:30:00 PM

LONDON--(BUSINESS WIRE)--SunGard has acquired 365 Hosting Limited, a Dublin, Ireland-based cloud computing and data centre services company which trades as ‘Hosting 365’. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s results. Privately-owned Hosting 365 has built a strong presence in Ireland delivering both data centre managed IT services and, more recently, on-demand computing services within its cloud computing

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Gilbarco buys Indian pump producer
Thursday March 11th 2010 01:22:15 PM

Gilbarco Veeder-Root announced Thursday that it has completed the previously announced acquisition of the Petroleum Dispensing Pump business unit of Larsen & Toubro Limited, which is based in Mumbai, India. The Petroleum Dispensing Pump (PDP) unit manufactures, sells, integrates and services petroleum dispensers for a number of multinational and regional oil companies located primarily in India.

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RadiSys Announces Acquisition of Pactolus Communications Software Corporation
Thursday March 11th 2010 01:05:00 PM

HILLSBORO, Ore.--(BUSINESS WIRE)--RadiSys announces acquisition of Pactolus Communications Software Corporation

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Aquilex Holdings LLC Announces Commencement of $235,000,000 Secured Financing
Thursday March 11th 2010 12:47:00 PM

ATLANTA--(BUSINESS WIRE)--Aquilex Holdings LLC (“Aquilex”) announced today that it will commence a $235 million secured financing to replace its existing senior secured revolving credit and term loan facilities, which were put in place at the time of the acquisition of Aquilex by Ontario Teachers’ Pension Plan Board (“OTPPB”) in December 2008. The proposed refinancing is expected to include a new $185 million senior secured term loan and $50 million senior secured r

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Northeast Natural Energy Acquires 11,657 Net Acres in the Marcellus Shale from Nytis Exploration Company
Thursday March 11th 2010 12:36:00 PM

CHARLESTON, W. Va.--(BUSINESS WIRE)--Northeast Natural Energy LLC (“NNE”) announced today that it has closed the acquisition of 11,657 net acres in the core of the Marcellus Shale and associated shallow conventional oil and gas wells from Nytis Exploration Company LLC and from Nytis Exploration of Pennsylvania LLC (“Nytis”), both private exploration and production companies. Financial terms were not disclosed. “We are very pleased to establish a significant acreage

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Sunergy Advances Due Diligence on Proposed Acquisition of 57 sq. km. Full Prospecting Licensed Mining Concession in Ghana, West Africa
Thursday March 11th 2010 12:30:00 PM

SCOTTSDALE, AZ--(Marketwire - March 11, 2010) -  Sunergy, Inc. (the "Company") (OTCBB: SNEY) reports it has completed two of the three stages of due diligence required for the Company to close the acquisition proposed in our February 25, 2010 Press Release to purchase a 57 sq. km. 2 year renewable full prospecting license for gold, silver, diamonds and base metals located along the Offin River about 25 miles NE of our Nyinahin concession. This acquisition, when finalized, will increase our land position to 207 sq. km. with substantial exploration/development area along the famous Offin River.

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Acquisition de deux propriétés aurifères dans le camp minier Urban-Barry, au Québec
Thursday March 11th 2010 12:18:00 PM

MONTREAL, QUEBEC--(Marketwire - 11 mars 2010) - Exploration Amseco Ltée. (TSX CROISSANCE:AEL) ("Amseco") est heureuse d'annoncer la signature d'une entente d'acquisition pour acquérir cent pourcent (100%) de deux blocs de claims qui forment la propriété Urban-Oasis située dans le canton Carpiquet, à quelques 100 kms à l'est de Lebel-sur-Quévillon en Abitibi, au Québec. Amseco achète ces propriétés de Jean (40%) et Gérard Robert (20%), Les Explorations Carat Inc. (20%) et Diane Audet (20%) tous de la région de Val d'Or, QC. Elle couvre onze (11) claims miniers désignés sur carte («CDC ») et 5 claims jalonnés pour une superficie totale de 696 hectares.

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Acquisition of Two Gold Exploration Properties in the Urban-Barry Mining Camp, Quebec
Thursday March 11th 2010 12:18:00 PM

MONTREAL, QUEBEC--(Marketwire - March 11, 2010) - Amseco Exploration Ltd. (TSX VENTURE:AEL) ("Amseco") is happy to announce the signature of an acquisition agreement for a 100% interest in two claim blocks that make up the Urban-Oasis property located in the Carpiquet township of Quebec which is some 100 km east of Lebel-sur-Quévillon in the Abitibi region. Amseco is acquiring the properties from Jean (40%) and Gérard Robert (20%), Les Explorations Carat Inc. (20%) and Diane Audet (20%) all from the Val d'Or, QC, area. The property consists of eleven (11) map designated mining claims («CDC») and 5 staked claims for a total area of 696 hectares.

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UPDATE 2-Northern Trust eyes possible acquisition targets
Thursday March 11th 2010 12:01:25 PM

* Northern might eye takeovers as rivals expand footprints

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King & Spalding Advises Roark Capital Group in Its Acquisition of Peachtree Business Products
Thursday March 11th 2010 11:46:00 AM

<p>ATLANTA, GA--(Marketwire - March 11, 2010) -  King & Spalding advised Roark Capital Group, an Atlanta-based private equity firm, in a transaction with Entrepreneur Partners, a Philadelphia-based private equity partnership, in which the two companies through affiliates acquired Peachtree Business Products, a Marietta, Georgia-based multi-channel direct marketer of specialty business products and marketing materials for residential property managers, parking facilities and other end markets. Entrepreneur Partners contributed its portfolio company AmeriFile, a St. Louis, Missouri-based direct marketer of specialty business products to physicians, dentists, veterinarians and other healthcare practitioners. A Roark affiliate provided the equity required to finance the acquisition.

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Calif. firm moves HQ to Devon
Thursday March 11th 2010 11:14:03 AM

The California-based LECG Corp., which merged with a Philadelphia area business advisory firm, will make Devon its world headquarters, Gov. Rendell's office announced.

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USI Holdings Corporation Acquires RA Bench Businesses
Thursday March 11th 2010 11:00:00 AM

BRIARCLIFF MANOR, N.Y.--(BUSINESS WIRE)--USI Holdings Corporation (“USI”), today announced the closing of the acquisition of the insurance and financial services business of RA Bench (“RAB”), a Seattle, Washington, based wealth management, executive and group employee benefit insurance brokerage firm. The acquired RAB business, which will be integrated into USI’s existing Seattle office, is expected to contribute approximately $3.0 million in revenues to USI on an a

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CVISION Technologies' PdfOptimizer for EMC Captiva InputAccel Available through EMC Select Program
Thursday March 11th 2010 10:58:00 AM

NEW YORK, March 11 /PRNewswire/ -- CVISION Technologies (www.cvisiontech.com), today announced that PdfOptimizer for EMC Captiva InputAccel is now available through EMC® Select, a program which helps customers easily acquire components that comprise an information infrastructure. With PdfOptimi

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Citi CEO: goverment may be mulling Citi stock sale
Thursday March 11th 2010 10:56:24 AM

SAN FRANCISCO (MarketWatch) -- The U.S. government may be considering selling the Citigroup Inc. shares it owns, Chief Executive Vikram Pandit said Thursday. The government owns 27% of Citi and the Treasury Department said a couple of months ago that it planned on selling the stake over the next 12 months. A lockup on sales of Citi stock by the government ends on March 16, Pandit noted Thursday. "After that they're free to do what they want to do," Pandit said during a presentation to investors Thursday. "Given where the economy is and the market is, I wouldn't be surprised if they're actively thinking about doing something."

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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BonTerra Acquires Windfall Lake Properties in Quebec
Thursday March 11th 2010 10:37:00 AM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2010) - BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) (the "Company") announces that it has entered into an agreement to acquire a 100-per-cent interest in ground near the Windfall lake property of Eagle Hill Exploration Corp. in the Abitibi mineralized belt of Northern Quebec. This area between Val d'Or and Chibougamau is known for its gold and copper production and excellent infrastructure for exploration and mining.

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Evri acquires Twine for a semantic search team-up
Thursday March 11th 2010 10:11:21 AM

Evri, a company using semantic technology to deliver real-time search results around news, just announced that it has acquired another semantic-focused startup, Radar Networks, and its flagship product Twine.

Evri chief executive Will Hunsinger said Twine’s technology, including the in-development revamp dubbed “T2,” will be incorporated into Evri. There’s a nice complement between Evri’s “semantic index of the real-time web” with Twine’s tools for organizing, recommending, and sharing content. When I asked about timing and other details, Hunsinger told me to “stay tuned,” adding that the integrated product is “not years away.”

“We just have to figure out how that best manifests itself in the consumer experience,” he said.

Nova Spivack, chief executive of Radar Networks, said the deal came about after the company tried and failed to raise funding, so it needed to find “a good home.” There were a number of interested buyers, but Evri “made the most compelling offer, and seemed like the best cultural and strategic fit,” Spivack said.

Evri will be keeping part of the Twine product and tech team, which will be moving into the Evri San Francisco office. (Evri is headquartered in Seattle.) Spivack, meanwhile, will serve as an advisor to Evri, but will focus on other projects.

Evri launched some of its features at the DEMO conference, co-produced by VentureBeat, a year ago. Both companies were backed by Vulcan Capital — Evri for $8 million and Radar for $18 million. Radar Networks’ other investors included Velocity Interactive Group, Draper Fisher Jurvetson, and Leapfrog Ventures.

The terms of the acquisition were not disclosed.

Tags: twine

Companies: Evri, Radar Networks, Vulcan Capital

People: Nova Spivack, Will Hunsinger

Evri, a company using semantic technology to deliver real-time search results around news, just announced that it has acquired another semantic-focused startup, Radar Networks, and its flagship product Twine.

Evri chief executive Will Hunsinger said Twine’s technology, including the in-development revamp dubbed “T2,” will be incorporated into Evri. There’s a nice complement between Evri’s “semantic index of the real-time web” with Twine’s tools for organizing, recommending, and sharing content. When I asked about timing and other details, Hunsinger told me to “stay tuned,” adding that the integrated product is “not years away.”

“We just have to figure out how that best manifests itself in the consumer experience,” he said.

Nova Spivack, chief executive of Radar Networks, said the deal came about after the company tried and failed to raise funding, so it needed to find “a good home.” There were a number of interested buyers, but Evri “made the most compelling offer, and seemed like the best cultural and strategic fit,” Spivack said.

Evri will be keeping part of the Twine product and tech team, which will be moving into the Evri San Francisco office. (Evri is headquartered in Seattle.) Spivack, meanwhile, will serve as an advisor to Evri, but will focus on other projects.

Evri launched some of its features at the DEMO conference, co-produced by VentureBeat, a year ago. Both companies were backed by Vulcan Capital — Evri for $8 million and Radar for $18 million. Radar Networks’ other investors included Velocity Interactive Group, Draper Fisher Jurvetson, and Leapfrog Ventures.

The terms of the acquisition were not disclosed.

Tags:

Companies: , ,

People: ,

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Aldrin Announces $5 Million Private Placement
Thursday March 11th 2010 10:10:00 AM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2010) - Aldrin Resource Corp. ("Aldrin") (TSX VENTURE:ALN) announces that it is proceeding with a $5 million private placement consisting of up to 10,000,000 units at $0.50 per unit (the "Offering"). Each unit will be comprised of one common share and one half of a common share purchase warrant. Each full warrant is exercisable into one additional Aldrin common share at $0.75 per share for a period of 18 months from closing. Exercise of the warrants will be accelerated in the event Aldrin's common shares trade at a price of $1.50 or greater during the exercise term. Proceeds of the Offering will be used to complete drilling and exploration on Aldrin's properties in the Yukon Territory, for future acquisitions and working capital.

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Bull & Lifshitz, LLP Announces Investigation of the Acquisition of RCN Corporation by ABRY Partners
Thursday March 11th 2010 10:04:00 AM

NEW YORK--(BUSINESS WIRE)--Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of RCN Corporation (NASDAQ: RCNI - News) (referred to as "RCN") to ABRY Partners. Under the terms of the agreement, RCN shareholders will receive $15 in cash for each RCN share they hold. Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders. If you are a

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City Hall East property has new suitor
Thursday March 11th 2010 10:03:42 AM

Atlanta has a verbal agreement to sell the City Hall East property to a real estate investment firm for $27 million, the same price as a deal that fell through last year, Mayor Kasim Reed told the city council Thursday.

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Warner Bros. Pictures Brings Dark Castle Entertainment?s Chilling Sci-Fi Thriller ?Splice? to Theaters on June 4, 2010
Thursday March 11th 2010 09:59:00 AM

BURBANK, Calif.--(BUSINESS WIRE)--On June 4, 2010, Warner Bros. Pictures will release director Vincenzo Natali’s startlingly original sci-fi thriller “Splice,” recently acquired by Joel Silver’s Dark Castle Entertainment. “Splice” debuted to critical and audience acclaim at the 2010 Sundance Film Festival with its story of two ambitious young biologists who risk their careers—and their lives—by pushing the boundaries of science to serve their own c

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Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Infogroup, Inc. by CCMP Capital Advisors, LLC.
Thursday March 11th 2010 09:45:00 AM

NEW YORK--(BUSINESS WIRE)--Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Infogroup, Inc. (NASDAQ: IUSA) (referred to as "Infogroup") to CCMP Capital Advisors, LLC. Under the terms of the agreement, Infogroup shareholders will receive $8 in exchange for each Infogroup share they hold. Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s

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