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Biz Break: Pharmacyclics to sell in biggest biotech deal of the year, reports say
2015-03-05 00:53:04| Biotech - Topix.net
Today: Johnson & Johnson plans to buy Sunnyvale drugmaker Pharmacyclics for more than the $17 billion, according to the Financial Times. In a year that has already seen several blockbuster biotechnology deals, Sunnyvale drugmaker Pharmacyclics is set to be the biggest purchase so far, according to recent reports.
-Oil hedge helps Oando prepay debt after ConocoPhillips' deal
2015-03-04 14:47:10| Oil & Gas - Topix.net
Nigerian energy company Oando Plc has prepaid $238 million out of the $900 million it borrowed to part finance the acquisition of ConocoPhillips' Nigerian oil and gas business, the company said on Tuesday. Oando bought ConocoPhillips's upstream oil and gas business in Nigeria last July for $1.5 billion, helping it transition from a marketer of refined petroleum products into one of the top players in the West African country's oil industry.
-Oil hedge helps Oando prepay debt after ConocoPhillips' deal
2015-03-04 14:43:34| Energy - Topix.net
Nigerian energy company Oando Plc has prepaid $238 million out of the $900 million it borrowed to part finance the acquisition of ConocoPhillips' Nigerian oil and gas business, the company said on Tuesday. Oando bought ConocoPhillips's upstream oil and gas business in Nigeria last July for $1.5 billion, helping it transition from a marketer of refined petroleum products into one of the top players in the West African country's oil industry.
Exxon borrowing $7 billion through bond deal, as oil prices stay low
2015-03-04 05:23:06| Oil & Gas - Topix.net
With oil prices down by half since last summer, Exxon Mobil is borrowing billions of dollars to help navigate what is expected to be a long downturn for the industry. The Irving-based company is in the process of soliciting buyers for a $7 billion bond issue, its largest ever, according to a source close to the deal who asked not to be identified and multiple news reports.
Lawmaker: Christie's Exxon deal 'stinks'
2015-03-04 03:09:22| Chemicals - Topix.net
Lawmaker, city say Christie administration's Exxon deal stinks N.J. spent 10 years trying to get Exxon Mobil to pay $8.9B in pollution damages Check out this story on mycentraljersey.com: http://mycj.co/1ADSqd3 A Union County lawmaker is giving the Christie administration heat over a reported settlement agreement that would allow Exxon Mobil to pay just $250 million - a fraction of the $8.9 billion in pollution damages the state spent a decade suing to recover. "We have to and we will get to the bottom of this case to determine how $8.9 billion shrunk down to $250 million," state Sen. Raymond Lesniak, D-20th District, said Tuesday in a statement.
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