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JPMorgan sells physical commodities unit to Mercuria
JPMorganThursday March 20, 2014 12:00PM ET
JPMorgan is selling its physical commodities business to Mercuria for $3.5 billion. The all-cash transaction for one of the most powerful oil and metals desks on Wall Street is expected to close in the third quarter.
Horizon Pharma to buy Vidara Therapeutics in reverse merger
Horizon PharmaThursday March 20, 2014 9:30AM ET
Horizon Pharma, Inc. will acquire Vidara Therapeutics International Ltd. through a reverse merger for stock and cash valued at approximately $660 million. Horizon Pharma plc will be the name of the resulting company.
Al Hosn Gas achieved 93% of Shah Gas Development Project
Shah GasThursday March 20, 2014 8:25AM ET
Saif Ahmed Al Ghafli, CEO of Al Hosn Gas, has said the company has achieved a cumulative progress of 93% in Shah Gas Development Project in 2013.
Etisalat sings MoUs with seven mobile networks
Etisalat GroupThursday March 20, 2014 7:20AM ET
Etisalat Group signed a Network Infrastructure Sharing Memorandum of Understanding (MoU) with seven of the largest mobile network groups operating in the Middle East and Africa.
Scania rejects Volkswagen takeover bid
ScaniaThursday March 20, 2014 7:15AM ET
The board of Swedish truck manufacturer Scania recommended to reject a Volkswagen takeover bid, saying that the shares were under-valued.
Timken and EPK formed joint venture
TimkenThursday March 20, 2014 5:50AM ET
The Timken Company has established a joint venture (JV) with European Bearing Corporation (EPK) aimed at serving industrial markets in Russia and the broader Commonwealth of Independent States (CIS).
South Africa ethanol plant to begin construction
Jozini plantThursday March 20, 2014 4:25AM ET
A major renewable energy plant in Jozini, KwaZulu-Natal, which has been in planning for seven years, is set to start preliminary work in September.


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