Japan’s Otsuka Holdings priced shares in its $2.4 billion initial public offering (IPO), 2nd-biggest Japan IPO this year after Dai-ichi Life, at the lower end of its range, reflecting investors’ concern about the Japanese drug maker’s growth potential. Chief Executive Officer Tatsuo Higuchi, Japan’s second-biggest pharmaceutical group in terms of...

Aeroflex Holding Corp. (ARX), which makes electronics for the communications, aerospace and defense sectors, priced its U.S. initial public offering  (IPO) on Thursday at the low end of a planned range . Goldman Sachs Group (GS), Credit Suisse Group AG (CS), JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS) are underwriting the offering. The deal raised $233 million...

HIGH DEMAND, The Detroit automaker, General Motors Co. (GM) increased the size of its convertible preferred stock offering added 20 million shares by $1 billion,it raised the estimated price range for common shares by about 14 per cent to US$32 to $33. The IPO would be the second-largest in U.S. history, after San Francisco-based Visa Inc.’s $19.7 billion sale in March...

General Motors Co. disclosed estimated terms for a nearly $13 billion initial public offering to repay and reduce its stake in the company to below 50%. General Motors Co. says the company’s shares will be priced between $26 and $29 each in an initial public offering. GM also says it has split its shares three-for-one in advance of the IPO, which is expected later...

Centennial Coal, Australia’s biggest independent coal producer, jumped 32 per cent after it agreed to a $2 billion takeover offer from Thailand’s Banpu Public Co. Banpu Public Company on Monday made an all-cash takeover bid for Centennial, valuing the company at $6.20 per share, which CMC Markets’ head of trading, James Foulsham, described as a “massive...