Category Archives: HedgeCo News
AME Info, Abu Dhabi, United Arab Emirates, Financial Briefs Column
Jul. 23–STANCHART INTERNATIONAL DEBIT CARD: Standard Chartered Bank has launched a free international debit card for customers that allows them access to their accounts through 810,000 ATMs aroundthe world. The Visa Electron card is a more flexible alternative to cash, […]
Nitronex Raises $11.3 Million in Series C Funding
RALEIGH, N.C.–(BUSINESS WIRE)–July 22, 2003– Additional Capital to Facilitate the Launch of the First SIGANTIC(TM) Power Transistors into the Wireless Base Station Marketplace Nitronex Corporation, the only company worldwide to build gallium nitride (GaN) RF power transistors on industry-standard 4-inch […]
The Tuckerman Group Announces Closing of Kirkwood, Missouri Project
PURCHASE, N.Y.–(BUSINESS WIRE)–July 22, 2003–The Tuckerman Group, the real estate investment unit of State Street Global Alliance LLC, today announced the closing on an equity investment inStation Plaza, a multi-family development project in Kirkwood, Missouri. Station Plaza is the seventh […]
State Doubles Bet On Philips Venture
Council Adds $15 Million On Top of Capital Fund Gamblers call it “doubling down” — doubling your bet on the same card. State officials may be doing just that. The State Investment Council today is expected to approve a plan […]
Airespace Secures $22 Million in Series C Financing; Fidelity Ventures Leads up-Round with Investment in Leading Wireless LAN Equipment Vendor
SAN JOSE, Calif.–(BUSINESS WIRE)–July 22, 2003–Airespace, Inc., today announced that it has secured $22 million in series C funding, bringing the total investment in the company to more than $38million. Fidelity Ventures, the venture capital arm of Fidelity Investments(R), led […]
ASIP Raises $16 Million from Nokia Venture Partners, Finaventures, Intel and Redpoint Ventures
SOMERSET, N.J.–(BUSINESS WIRE)–July 22, 2003– Industry Leader in Advanced Photonic Integrated Circuits Closes Initial Installment of Series C Round with New and Existing Investors ASIP, Inc., an emerging leader in the development of photonic integrated circuits for next-generation optical systems, […]
Micro Emissive raises (pounds) 4.7m
MICROEMISSIVE Displays, a spin-out from Edinburgh and Napier universities, yesterday announced that it had closed a (pounds) 4.7m third-round funding deal – one of the largest venture capital dealsthis year in the embattled European opto-electronics sector. MED, which last year […]
Bear Stearns Capital Trust III Announces Cash Distribution
NEW YORK–(BUSINESS WIRE)–July 22, 2003–Bear Stearns Capital Trust III, a special purpose trust controlled by The Bear Stearns Companies Inc. (NYSE: BSC), today announced its regular quarterly cashdistribution on its outstanding shares of 7.8% Trust Issued Preferred Securities. Bear Stearns […]
Takeover speculation building up at Crest Nicholson
A SPIKE in the share price of the house builder Crest Nicholson yesterday immediately set tongues wagging that the group will be the next in the sector to be on the receiving end of a bid. Thecompany has for some […]
The Miami Herald Business Briefs Column
Jul. 22–HEDGE FUND’S ASSETS FROZEN: U.S. District Judge William Zloch has issued a preliminary injunction freezing the assets of a Connecticut-based hedge fund now under the control of a receiver. The order came late last week in lieu of a […]
Toledo, Ohio-Based Auto-Parts Maker Sees Stock Increase during Takeover
Jul. 22–Did somebody know that Dana Corp. was going to be a takeover target? Or did a handful of savvy investors act on a hunch? Or did some of the auto parts maker’s shareholders buy more stock onthe theory that […]
Debenhams’ two suitors put Earl on the spot
A 1.6 billion bidding war for Debenhams could be just days away after it confirmed venture capital groups CVC Capital and Texas Pacific had entered the fray. Chief executive Belinda Earl faces the awkward task of working with two bid […]