DealZone

Deals wrap: Ericsson to buy Telcordia

June 14, 2011

Mobile network equipment maker Ericsson said it would spend $1.15 billion in cash to buy U.S. group Telcordia to boost its presence in the operations and business support sector.

KKR’s planned $1.6 billion buyout of Taiwan electronics components maker Yageo came under a cloud after a source with direct knowledge of the matter said the island’s financial regulator expressed concern over minority shareholders’ rights.

Mid-sized lender China Everbright BankĀ  plans to raise about $6 billion in a Hong Kong initial public offering, Asia’s biggest so far this year, braving choppy equity markets that have dampened demand for new issuances.

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