The Daily Deal articles from June 2001

The Daily Deal archives from June 2001

Alnis BioSciences.(Alnis BioSciences Inc. secures equity investment from Johnson and Johnson Development Corp.)(Brief Article)
June 1, 2001... Emeryville, Calif.-based Alnis BioSciences Inc. has secured an undisclosed equity investment from Johnson & Johnson Development Corp. to continue its product development. Alnis is working on a platform of drugs that will initially target...

CML-ATC.(CML-ATC Technologies in second round financing)(Brief Article)(Statistical Data Included)
June 1, 2001... Voice communication systems designer and manufacturer CML-ATC Technologies of Hull Quebec has connected with $3 million in second-round financing. The round was composed of $750,000 from The Solidarity Fund QFL, $500,000 from the Outaouais...

CSI sold to De La Rue.(Currency Systems International Inc., De La Rue PLC)(Brief Article)(Statistical Data Included)
June 1, 2001... Basingstoke, U.K.-based De La Rue plc said Thursday that its Cash Systems division would purchase Currency Systems International Inc., an Irving, Texas, provider of currency sorting services, for $35.5 million. De La Rue is paying $9 million in...

Canadian 88 sets vote on rival's takeover bid.(Canadian 88 Energy Ltd., Canadian Superior Energy Corp.)(Brief Article)(Statistical Data Included)
June 1, 2001... Oil and gas producer Canadian 88 Energy Ltd. said Thursday its shareholders will vote July 12 on a proposed C$700 million ($455 million) all-stock takeover by rival Canadian Superior Energy Corp. Each Calgary, Alberta-based company released its...

Cantel Medical gets Minntech.(Cantel Medical Corp. to acquire Minntech Corp.)(Brief Article)(Statistical Data Included)
June 1, 2001... Cantel Medical Corp., a Little Falls, N.J., healthcare company, said Thursday it agreed to acquire Minntech Corp., a Minneapolis maker of renal dialysis equipment, for $70 million in cash and stock. Cantel is paying $10.50 a share -- $6.25 in...

Cardiac Science extends offer for Artema Medical.(Cardiac Science Inc., Artema Medical AB)(Brief Article)(Statistical Data Included)
June 1, 2001... Cardiac Science Inc., an Irvine, Calif., medical device maker, said Thursday it has extended its $20 million all-stock offer to acquire Artema Medical AB to June 18 from June 4. In January, Cardiac Science offered to buy Artema, a Swedish...

DTE Energy closes $2.2B acquisition of MCN Energy.(Brief Article)(Statistical Data Included)
June 1, 2001... Detroit electric utility DTE Energy Co. said Thursday it had closed its $2.2 billion acquisition of Detroit natural gas utility MCN Energy Group Inc. MCN shareholders approved the purchase May 15 and the U.S. Securities & Exchange Commission...

Element K.(wraps up financing)(Brief Article)(Statistical Data Included)
June 1, 2001... Corporate e-learning technology provider Element K of Rochester, N.Y., has wrapped up $18 million in financing led by existing investor Wasserstein & Co. lp of New York. (Wasserstein & Co. is a major investor in The Deal llc.) Other...

France Telecom prices shares in Sprint stake sale.(France Telecom SA, Sprint Corp.)(Brief Article)(Statistical Data Included)
June 1, 2001... France Telecom SA said Thursday it has fixed the price for the sale of its 9.9% holding in U.S. long-distance phone service provider Sprint Corp. at $19 a share. FT plans to place 75.9 million shares in Sprint FON, the fixed-line division of...

HRPath.(Brief Article)
June 1, 2001... Alameda, Calif.-based HRPath Inc., a provider of online human-resources services, has raised $1.6 million in two rounds of financing this year, the company reported Wednesday. Investors included Peter Chernin of News Corp., G. Steven Burrill of...

Helix Hearing Care.(Brief Article)
June 1, 2001... Montreal-based Helix Hearing Care of America Corp., an owner of hearing healthcare clinics, has secured a private placement of approximately C$8.5 million ($5.5 million) in a combined debt and equity financing. The debt portion of the private...

HubX.(in second round of financing)(Brief Article)(Statistical Data Included)
June 1, 2001... Boston-based HubX has closed the second round of its Series A venture financing, raising over $2 million in its initial round of venture financing from Boston Capital Ventures, Claflin Capital Management's venture partnership and Black Diamond...

Indigo Photonics.(Brief Article)
June 1, 2001... Birmingham, England's Indigo Photonics Ltd. has raised [pound]4 million ($5.7 million) in first-round financing from London venture capital firm 3i Group plc. Indigo is a start-up formed by the Aston University Photonics Department and Oxford...

Interpore buys OsteoMedix.(Brief Article)
June 1, 2001... Interpore Cross International Inc., an Irvine, Calif., supplier of medical devices, said Thursday it is buying its privately held Virginia rival, American OsteoMedix Corp. for $21.2 million in cash and stock. Interpore is parting with about $8...

Kraft.(Brief Article)
June 1, 2001... According to wire reports, Kraft Foods Inc. has added 59 underwriters to the syndicate selling its estimated $8.4 billion initial public offering. The Kraft deal is expected to be the second largest IPO in U.S. history, after the $10.6 billion...

Lighthouse gets $61.3M financing for NYC building.(Brief Article)
June 1, 2001... Closely held Lighthouse Real Estate Venture obtained $61.3 million in debt financing to recapitalize a lower Manhattan office building. The financing consists of first mortgage loan from Credit Suisse First Boston and mezzanine investment from...

Lucent sells GeoVideo unit.(Brief Article)
June 1, 2001... Lucent Technologies Inc. said Thursday it is selling its GeoVideo Networks Inc. division to Wire One Technologies Inc., a Hillside, N.J., developer of Internet video technology, for $3.83 million in stock. Wire One is issuing 815,000 common...

MetaEdge.(Brief Article)
June 1, 2001... Sunnyvale, California-based MetaEdge Corp. secured $5 million in a private placement made by Pacific Wealth Consultant Ltd., a wholly owned subsidiary of Hon Hai Precision Industry Co., Ltd. This placement follows a recent $11 million venture...

ReVas.(Brief Article)
June 1, 2001... Champaign, Illinois-based ReVas Inc. has secured $400,000 in seed funding from Open Prairie Ventures lp. A medical-device company, ReVas has developed and patented a process for a "reversible" vasectomy. In addition to its venture capital...

Redfern Photonics.(Brief Article)
June 1, 2001... Australia's Redfern Photonics Pty Ltd., a developer and manufacturer of optical telecommunications products, has completed a A$54 million ($28 million) Series B round led by Deutsche Bank's private equity investment group, DB Capital Partners....

Remedyne.(Brief Article)
June 1, 2001... Santa Barbara, Calif.-based Remedyne, a biotechnology company, has closed on $3.2 million in first-round financing led by unnamed private investors. The infusion will fuel product development, collaborative agreements and expansion of the...

Rocket Network.(Brief Article)
June 1, 2001... In the first close of a new round of investment San Francisco-based Rocket Network Inc. has received $9.3 million in financing from Cisco Systems, Vulcan Ventures and Weston Presidio. Both Vulcan Ventures and Weston Presidio are return...

SilkRoute Indchem.(Brief Article)
June 1, 2001... India's Silkroute Indchem Ltd., a VC firm and incubator based in Chennai (formerly Madras), India, plans to launch iVenture Fund, an early stage venture fund, with between $6 million and $10 million, The Hindu's Business Line reported....

Ultramar CEO buying stock before Valero takeover.(Brief Article)
June 1, 2001... San Antonio oil refiner and marketer Ultramar Diamond Shamrock Corp. said Thursday its chairman and CEO, Jean Gaulin, intends to acquire 350,000 shares in the company through a cash-less exercise of stock options set to expire this year,...

White Amber.(Brief Article)
June 1, 2001... The eVentures Group of financial services company First Union Corp. has taken an undisclosed investment position in White Amber Inc., a Lake Success, N.Y.-based provider of human-resources software. Charlotte, N.C.-based First Union, the...

EU poised to clear BASF's Belgian deals.(Brief Article)
June 1, 2001... Byline: Victorya Hong BRUSSELS -- European Union regulators are set to approve German chemical company BASF AG's DM295.5 million ($127.9 million) purchase of ailing Belgian chemical concerns Pantochim and Eurodiol rather than let them go...

RBX unsecured creditors win equity.(Brief Article)
June 1, 2001... Byline: Shanon D. Murray Unsecured creditors of bankrupt RBX Corp. will receive 5% of the reorganized company as part of a settlement to avoid court challenges to the senior status of three of the company's 12% bondholders, attorneys said...

Carl Icahn sets sights on National Airlines.(Brief Article)
June 1, 2001... Byline: Charles Sisk WASHINGTON -- Carl Icahn has offered to buy bankrupt National Airlines, representatives for both sides said Friday. But it is unclear whether National will accept, as the airline is locked in a court battle over a key...

Extended Systems posts loss, cuts staff.(Brief Article)
June 1, 2001... Byline: Olaf de Senerpont Domis SAN FRANCISCO -- Investors snapped up shares of wireless software developer Extended Systems Inc. June 1 after the company outlined its plans following an aborted takeover by handheld device maker Palm Inc....

IP to keep fine papers business.(International Paper Co)(Brief Article)
June 1, 2001... Byline: Padraic Cassidy International Paper Co. has pulled its fine paper division from the for-sale list, as the paper products giant continues to reorganize following its $10.2 billion stock and cash acquisition of Champion International...

Roche prices LabCorp offering.(Brief Article)
June 1, 2001... Byline: Jonathan Braude BERLIN -- Swiss pharmaceuticals company Roche Holding AG on June 1 priced an offering of 5.5 million shares in U.S. clinical laboratory business Laboratory Corp. of America Holdings at $137.50 a share. ...

Quantity versus quality for IPOs.(Brief Article)
June 1, 2001... Byline: Heidi Nasr For the first time this year, investors face a buffet of initial public offerings. But don't break out the champagne just yet, advise market observers. "This is not a good week," said Vince Slavin, who tracks IPOs...

Swedish investment bank debuts.(Brief Article)
June 1, 2001... Byline: Nicola Hobday LONDON -- As the market for new issues shows signs of recovery, Swedish investment bank D. Carnegie & Co. AB said its initial public offering was 30 times covered, raising SKr1.35 billion ($125 million), and valuing...

IPO civil lawsuits.(Brief Article)
June 1, 2001... Byline: Heidi Nasr During the tech boom of 1999 and early 2000, the stock prices of initial public offerings posted incredible gains. Months later, these stocks tumbled, wiping out shareholders' gains of as much as 700%. Then came...

Industry Insight: The eager spoiler.(EchoStar Communications Corp. to make bid for Hughes Electronics Corp.)
June 1, 2001... Byline: Richard Morgan You just know EchoStar Communications Corp. chief Charlie Ergen is going to make a run at Hughes Electronics Corp. How could it be otherwise for this rugged individualist who has made a fortune battling both Rupert...

Accounting for modernity.(Brief Article)
June 1, 2001... Byline: Lynn E. Turner In the world of accounting, the more business things have changed, the more accounting things have stayed the same. The profession at times has seemed to be lost in a time warp. All of us in the accounting...

A game of chicken.(Statistical Data Included)
June 1, 2001... Byline: Jaret Seiberg While most of the country was recovering from their feasts on the Friday after Thanksgiving, the four top officials at Tyson Foods Inc. and meatpacking company IBP Inc. were flying on company jets to Tampa...

Celestica takes in Primetech Electronics.(Brief Article)
June 1, 2001... Byline: Laura King TORONTO -- Canadian electronics maker Celestica Inc. said it will acquire Primetech Electronics, of Kirkland, Quebec in a stock-swap valued at C$265 million ($172.9 million) including debt. Toronto-based Celestica, a...

Purina Mills soars on mystery bidder.(Brief Article)
June 1, 2001... Byline: Katie Anderson After a 70% spike in its stock price the first week in May and the company's announcement of an undisclosed offer for the company, Purina Mills Inc. has seen its popularity with investors blossom -- all less than a...

Vivendi takes Manhattan.(Vivendi Universal S.A.)
June 1, 2001... Byline: Peter Lauria By announcing Vivendi Universal's $2.2 billion acquisition of educational publisher Houghton Mifflin Co. in New York, rather than in their respective hometowns of Paris or Boston, Vivendi chairman and CEO Jean-Marie...

Movers and Shakers -- June 1, 2001.(multiple companies)(Brief Article)
June 1, 2001... Byline: Omar Sacirbey Although First Union Corp. is busy fighting SunTrust Banks Inc. for Wachovia Corp., it hasn't retreated from the talent wars. First Union Securities poached specialty retail analyst Joseph Teklits from Ferris, Baker,...

Unite Group buys UniLodge.(Brief Article)
June 1, 2001... Byline: John E. Morris LONDON -- In a deal that will increase the company's size by two-thirds, London's Unite Group plc has agreed to buy UniLodge, a British student housing company, from Cabot Square Capital for [pound]108 million ($153...

Barclays leads Preferred Mortgages' LBO.(Barclays Private Equity's leveraged buyout)(Brief Article)
June 1, 2001... Byline: John E. Morris LONDON -- London's Barclays Private Equity has led a [pound]270 million ($383 million) leveraged buyout of Preferred Mortgages Ltd. from Rotch Property Group. Preferred Mortgages is a "nonconforming mortgage...

Mid-cap companies hitting stride.(Brief Article)
June 1, 2001... Byline: Kelly Holman At least one private equity dealmaker believes the values for private equity investments are as compelling as they've been in the last decade. "We are seeing very attractive mid-cap companies with strong...

A flooded market?(European telecom shares)(Brief Article)
June 1, 2001... Byline: Peter Moreira and Jeffrey Kanige Obviously, what the world needs now is more European telecom shares. Goodness knows, the planet is getting bushels of them. Britain's Vodafone Group plc, the world's largest telecom company, was...

Rocket Network sews up $9.3M in funding.(Brief Article)
June 1, 2001... Byline: Clifford Carlsen As the dream of widespread commercialization of free music on the Internet fading with the Napsters of the world, San Francisco's Rocket Network raised another $9.3 million for a much broader B2B audio play. ...

Dialysis tools company Vasca finds funding.(Brief Article)
June 1, 2001... Byline: Katherine Goncharoff MVM Ltd., a London-based healthcare venture fund, said June 1 it led a $19.6 million round of venture capital funding for dialysis treatment provider Vasca Inc. of Tewksbury, Mass. The sales potential...

Payless Cashways is bankrupt -- again.(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Shanon D. Murray Payless Cashways Inc., owner of building materials and home improvement specialty retail stores, filed for Chapter 11 bankruptcy protection Monday, saying an unusually harsh winter and poor economic conditions...

New World wins fight for bagel maker.(New World Coffee-Manhattan Bagel Inc. to acquire Einstein/Noah Bagel Corp.)(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Terry Brennan The year-long persistence of New World Coffee-Manhattan Bagel Inc. in its battle to take over bankrupt Einstein/Noah Bagel Corp. may have finally paid off with a Phoenix judge's approval of its $190 million bid over...

USG resists bankruptcy.(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Ira Breskin Negotiations with bankers will help determine if USG Corp. can avoid reorganizing operations under bankruptcy court protection, the company said June 4. USG, formerly US Gypsum and the world's largest producer of...

Justice Telecom files for Chapter 11.(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Leon Lazaroff Justice Telecom Corp., a communications service provider with assets in Latin America, filed for Chapter 11 bankruptcy protection June 4. Justice Telecom was acquired in December 2000 by TotalAxcess Inc., an...

IPO Pick of the Week: Torch Offshore llc.(initial public offering)(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: David Menlow This week's IPO Pick of the Week is yet another energy-related stock. I know, I know. The energy hype is getting a bit tiring. But this is the best the market has to offer for this week. While there has been a...

Poland's EFL narrows choice of partner.(Europejski Fundusz Leasingowy S.A.)(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Patricia Koza WARSAW -- Poland's Europejski Fundusz Leasingowy SA, one of Europe's largest leasing companies, is in the last stage of talks to choose a bank that will become a substantial shareholder, a spokeswoman said June 4. ...

Valero buys El Paso refinery for $436M.(Valero Energy Corp.)(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Claire Poole in Houston U.S. refining giant Valero Energy Corp. continued its acquisition spree June 4, announcing it would acquire a 115,000-barrel-per-day refinery in Corpus Christi, Texas, as well as refined product pipelines...

Trump Group buys Israeli fund manager.(Gmul Investments Ltd.)(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Neal Sandler TEL AVIV -- The Trump Group agreed to acquire 65% of Gmul Investments Ltd., Israel's largest pension and provident fund management company, from Bank Hapoalim and other institutional investors. The sale price was...

No deal for NaviSite.(Brief Article)
June 4, 2001... Byline: Michael B. Marois SACRAMENTO, Calif. -- It has been 2-1/2 months since beleaguered Web hosting and application services provider NaviSite Inc. hung out its for-sale sign, yet no deal has materialized despite the company's...

UAL scores MyPoints for $112.5M.
June 4, 2001... Byline: Matt Miller In an expansion of its online marketing and promotional efforts, UAL Corp. is buying Internet direct marketer MyPoints.com for $112.5 million in cash, the two companies announced June 4. UAL made the offer through a...

Regus in talks to buy Frontline.
June 4, 2001... Byline: Laura Board LONDON -- Investors bailed out of Regus plc on Monday after the British office-space provider confirmed reports it was in talks about taking over New York's FrontLine Capital Group, owner of HQ Global Holdings Inc., a...

Mills gets mired in Meadowlands politics.
June 4, 2001... Byline: Jonathan Berke It may have taken less time for Charles Foster Kane to build Xanadu than the prolonged fight that Mills Corp. is now facing to get its own $1 billion palace/megamall built within the Meadowlands sports complex in New...

Domtar buys G-P mills for $1.65B.(Brief Article)
June 4, 2001... Byline: Soma Biswas Domtar Inc. on Monday announced a final deal to buy four pulp-and-paper mills from Georgia-Pacific Corp. for $1.65 billion. For Montreal-based Domtar, the acquisition transforms the company from the seventh-largest...

BIF could buy Peru bank for $400M.(Brief Article)
June 4, 2001... LIMA -- Spanish-owned Banco Interamericano de Finanzas, could buy control of troubled Banco Nuevo Mundo, for around $400 million, a BIF executive said Monday. "It is difficult to determine the value but we estimate that the value of the...

White knight arrives for Harrowston.(Brief Article)
June 4, 2001... Byline: Laura King TORONTO -- The private equity unit of Canada's Toronto-Dominion Bank has emerged as a white knight for holding company Harrowston Inc. as it fights an unsought joint approach from Toronto merchant bank Imperial Capital...

William Blair Capital Partners closes PE fund.(Brief Article)
June 4, 2001... Byline: Kelly Holman William Blair Capital Partners of Chicago, the private equity arm of Chicago investment banking firm William Blair & Company llc, announced June 4 that it closed its seventh private equity fund with $402.86 million...

Roy F. Weston to be taken private.(Brief Article)
June 4, 2001... Byline: Kelly Holman American Capital Strategies Ltd. said June 4 it agreed to buy Roy F. Weston Inc., a 44-year-old West Chester, Pa.-based provider of environmental and remediation services, for $67.5 million. American Capital is...

Golden Book bankruptcy a prelude to buyout.(Golden Books Family Entertainment Inc.)(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Richard Morgan Golden Books Family Entertainment Inc. filed for Chapter 11 bankruptcy protection July 4 as part of a $170 million deal to tender the troubled children's book publisher to DIC Entertainment Holdings Inc. and its...

KKR dishes out Borden pasta brand.(Kohlberg Kravis Roberts & Co.)(Brief Article)
June 4, 2001... Byline: Josh Kosman The difficult sale of Borden Inc.'s food operations is nearing a conclusion after the company began actively shopping the assets in October. American Italian Pasta Co. June 4 announced it agreed to buy seven pasta...

What's hot -- week ending June 1.(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Matthew Wurtzel Deal flow fell back to the bottom last week. Venture capitalists only invested $444.8 million in 43 startups for the period. Last week's totals set a low for the year, dropping below the numbers of two weeks...

Atrenta lands $8M in funding.
June 4, 2001... Byline: Vyvyan Tenorio Atrenta Inc. is not only rejoicing over the $8 million it clinched in Series A funding, but also the aid that institutional backers, led by Venrock Associates, will lend the fast-growing startup. The San Jose,...

EarthLink co-founder signs SEC consent decree.(Reed E. Slatkin, Securities and Exchange Commission)(Brief Article)(Statistical Data Included)
June 4, 2001... Byline: Lou Whiteman Reed E. Slatkin, the money manager, angel investor and co-founder of EarthLink Inc. accused of cheating clients out of tens of millions in a failed Ponzi scheme, has reached an agreement with federal regulators...

AP Engines.(Brief Article)
June 5, 2001... Maynard. Mass.-based AP Engines closed a $30 million second round financing, which was led by Thomas Weisel Capital Partners LP and included strategic investment from Enron Broadband Services, a unit of controversial energy giant Enron Corp.;...

AccentCare.(Brief Article)
June 5, 2001... In-home elderly care provider AccentCare of Irvine, Calif., has raised $25 million in Series C funding led by new investors Three Arch Partners and Highland Capital Partners. Previous backers Cardinal Health Partners, Mission Ventures, Piper...

Auditor named in Raytheon fraud suit.(Brief Article)
June 5, 2001... A former partner at Ernst & Young will be independent auditor in a fraud suit lodged by Washington Group International Inc. against Raytheon Co., the Lexington, Mass., aerospace and defense giant. William J. Palmer, an expert on construction...

Avaki.(Brief Article)
June 5, 2001... Systems management technology provider Avaki Corp. of Cambridge, Mass., has rounded up $6 million in first-round venture funding led by Polaris Venture Partners. The fresh funds are earmarked for product development. The company's products help...

Banderacom.(Brief Article)
June 5, 2001... Fabless semiconductor company Banderacom of Austin, Texas, has received $35 million in second-round venture-capital funding, the company announced Monday. Infinity Venture Capita llc led the round. Other investors included Austin Ventures,...

BlueSkyFrog.(Brief Article)
June 5, 2001... Perth, Australia, mobile phone ring tone and graphics producer BlueSkyFrog has secured $4 million from U.K. venture capital group Serano Corp., the Australian Financial Review reported. The investment, which represents BlueSky-Frog's third...

Bluefish Wireless.(Brief Article)
June 5, 2001... San Francisco's Bluefish Wireless Inc., a provider of communication platforms that enable interaction between Palm devices and the Internet, has landed $2.5 million in second-round venture funding. NetworkAsia led the round, joined by...

Cadant.(Brief Article)
June 5, 2001... Lisle, Ill.-based Cadant Inc., a provider of networking products for the cable industry, has closed on a round of funding from new investor Worldwide Associates and several unnamed existing shareholders in the company. Financial terms were not...

Cheng Power Systems.(Brief Article)
June 5, 2001... Power technology company Cheng Power Systems of Mountain View, Calif., has secured a $3 million investment commitment from power plant operator and energy retailer Mirant of Atlanta. The infusion will be used to support development and...

Clearswift.(Brief Article)
June 5, 2001... English e-mail content security company Clearswift Corp. said Friday it has raised a [pound]6.75 million ($10 million) first round of financing led by Amadeus Capital Partners, which contributed approximately [pound]4 million of the total. Pino...

FBOP Corp. taking Bank Plus.(Brief Article)
June 5, 2001... FBOP Corp. agreed Monday to buy Bank Plus Corp., the Los Angeles parent of Fidelity Federal Bank and Gateway Investment Services Inc., for $141 million in cash. The two banks announced that the $7.25-a-share deal values Bank Plus at a 37%...

HydroCision.(Brief Article)
June 5, 2001... Andover, Mass.-based HydroCision Inc. has received $2 million in a second round of private financing from Oxford Bioscience Partners. Previously, HydroCision raised $5.5 million through an investment led by Oxford Bioscience; the final $2...

Kizoom.(Brief Article)
June 5, 2001... London-based Kizoom, which develops travel information services for mobile phones and personal digital assistants, has raised $2.1 million from U.K. venture capital fund Dawnay Day Lander. Money will be used by the company to continue...

Medicure.(Brief Article)
June 5, 2001... Canada's Medicure Inc., a biotech company focused on development of therapies for unmet cardiovascular needs, has closed a C$2.6 million ($1.7 million) in new equity from institutional investors led by the Crocus Investment Fund, a...

Mergermarket.
June 5, 2001... London-based Mergermarket Ltd., a data provider for advisers and corporate executives involved in mergers and acquisitions, said Monday it has secured [pound]3 million ($4.5 million) in a first round of financing from new investor ProVen...