Reckitt Benckiser (LON:RB) has agreed to buy Paras Pharmaceuticals for approximately £460 million. RB will finance the transaction from existing facilities.
Capital Shopping Centres Group (LON:CSCG) responded to the announcement by Simon Property Group released earlier today which suggested what CSC referred to as “fundamental changes” to the transaction with Peel.
SPG said that CSC could issue 153.3 million new ordinary shares at 400 pence per share and £209 million of bonds convertible into 52.2 million new ordinary shares directly to SPG for cash. The issue would be subject to a clawback of 50% by existing CSC shareholders.
This would provide SPG with a holding of between approximately 18.4% and 26.9% in CSC, together with a seat on CSC's board.
“CSC considers that what SPG is suggesting is incapable of implementation and completely impracticable.
“...The CSC Board reiterates its recommendation that CSC shareholders vote in favour of the Trafford Centre acquisition at the Extraordinary General Meeting to be held on 20 December 2010,” the company said in the statement.
Engineering company Weir Group (LON:WEIR) has agreed with the Crown Office in Scotland to plead guilty to two charges of breaching UN sanctions in connection with a number of UN sanctioned Oil for Food programme contracts awarded between 2000 and 2002.
Xcite Energy (LON:XEL) has drawn down on its Standby Equity Distribution Agreement with YA Global Master SPV in the amount of £6.75 million. This draw down has been undertaken at a price of £2.87 per share.
Amur Minerals (LON:AMC) has received an update from Rosnedra related to its application for a mining licence on its Kun-Manie nickel - copper exploration licence. Three of the four external agencies included in the licence approval process have approved the application and the Company anticipates that the fourth agency, the Ministry of Economic Development, will provide its affirmative input and approval in due course.
Avia Health Informatics (LON:AVIA) announced three multi-year contract wins, with an expected total value of approximately £640,000 over the period of the contracts.
Goldplat (LON:GDP) has conditionally raised £5.5 million before expenses from the placing of 55,000,000 ordinary shares of the company at a price of 10p per share through its broker W H Ireland Limited.
ZincOX (LON:ZOX) announced the signing of a Letter of Intent with Korea Zinc Co Ltd and its affiliate for the provision of loans amounting to US$50 million for the development of the South Korean Recycling Plant and an Off-take Agreement to purchase the unwashed zinc concentrate produced from Phase 1 of the KRP development.
ReNeuron (LON:RENE) has raised £10 million. The company also announced the results for the six months to 30 September 2010, during which it received the final local site approvals and device registrations required to commence patient recruitment in first-in-man clinical trial of our ReN001 stem cell therapy for stroke disability.
Synchronica (LON:SYNC) reported that América Móvil's Claro Brazil has launched Claro Messenger, a mobile IM service powered by Synchronica's hosted IMPS platform.
Kalahari Minerals (LON:KAH) has conditionally raised £41.76 million by way of a placing of 18 million new ordinary shares.
Energees Investments Limited and Regal Petroleum (LON:RPT) have reached agreement on the terms of a recommended cash offer by Energees for Regal, valuing Regal's fully diluted share capital at approximately £77 million.
Heamoor Limited said that it and Geo Alliance are aiming to make a more attractive value proposition for Regal's current shareholders in terms of a cash offer as well as alternatively an offer of preserving shareholder value which can be achieved through Regal's combination with Geo Alliance.