Monster (NYSE:MWW) today announced the pricing of an offering of $125 million aggregate principal amount of its convertible senior notes due 2019 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). Concurrently with the pricing of the notes, Monster entered into a capped call transaction with an affiliate of one of the initial purchasers. The sale of the notes is expected to close on October 22, 2014, subject to customary closing conditions.
Merck Serono, the biopharmaceutical division of Merck, today announced the establishment of a long-term strategic partnership with Lupin Limited (Lupin), India. Lupin will support Merck Serono in the implementation of the company’s General Medicines portfolio expansion initiative in emerging markets, addressing the local needs for affordable high-quality medicines. The agreement builds on an established working relationship between the two companies, and could add up to 20 new products to the current portfolio. The first launches are expected in 2016.
enVista, a leading supply chain consulting and IT services provider, announced today that it has opened an office in Ellesmere Port, Cheshire, United Kingdom that will serve as its EMEA (Europe, Middle East and Africa) headquarters. enVista has long provided industry-leading transportation spend management solutions to its North American-based clients with global shipping operations. This expansion, coupled with enVista’s existing office in India, enables enVista to better respond to demand for carrier invoice audit and payment services globally and provides enVista’s client base with support at the local and regional levels within EMEA.
Tonight, the 2014 Catalyst Award will be presented to Kimberly-Clark Corporation and Lockheed Martin Corporation for their innovative initiatives to expand opportunities for women and business. The Catalyst Award-winning initiatives impact women and men, families and organizations, societies and economies, and they will be celebrated at the annual Catalyst Awards Dinner gala, attended by nearly 1,600 guests—including close to 100 CEOs as well as senior executives from leading multi-national corporations and professional firms.
CH2M HILL, a global full-service consulting, design, construction, and operations firm, congratulates GVK’s Mumbai International Pvt Ltd. (MIAL) on the inauguration of the industry-leading and state-of-the-art Terminal 2 (T2) at Chhatrapati Shivaji International Airport.
Yum! Brands (NYSE: YUM), the world’s leading restaurant company, announced the opening of its 40,000th restaurant, a flagship KFC store in Goa, India, to spotlight the Company’s emerging market leadership and growth. By 2015, India is expected to have $1 Billion in system sales, which includes company and franchise restaurants. By then, the restaurant company will have over 1,000 KFC, Pizza Hut and Taco Bell outlets in more than 100 cities.
NDS Surgical Imaging (NDSsi) has developed a new surgical display designed to bring the latest imaging technology to cost-sensitive emerging markets. Offering an advanced feature set including LED-backlight technology, the 21” EndoVue SE delivers the image quality of a high-definition (HD) surgical display in an affordable solution. Shipping now, the 21” EndoVue® SE display provides medical-grade reliability, and is specially engineered for multiple applications within any OR setting.
Apollo Tyres Ltd (NSE: ApolloTYRE) and Cooper Tire & Rubber Company (NYSE: CTB) today announced that the Hart-Scott-Rodino (HSR) review period for the pending merger of Apollo and Cooper expired on July 26, 2013 with no action by the Federal Trade Commission or the Department of Justice.
Apollo Tyres Ltd (NSE: ApolloTYRE) and Cooper Tire & Rubber Company (NYSE: CTB) today announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Cooper stockholders will receive $35.00 per share in cash. The transaction represents a 40% premium to Cooper’s 30-day volume-weighted average price.
Heartbeat Experts, the global leader in stakeholder management solutions for the life sciences industry, announced today 350% year-over-year growth in emerging markets in the first quarter of 2013 compared to the same period in 2012.