Syndesis attracting investors

Article Abstract:

Richmond Hill, Ont.-based Syndesis Ltd., which is a telecommuncations software company, announced it has received $33 million in second-round venture capital financing. Toronto, Ont.-based VenGrowth and New York, NY-based Pequot Capital provided the funding to Syndesis.

United States, Prepackaged software, Receipt of funds, Use of Funds, Computer software industry, Software industry, Finance, Syndesis Ltd., VenGrowth, Pequot Capital

Coffee king targets the Internet with $130-million venture fund

Article Abstract:

The chairman of Toronto, Ont.-based Second Cup Ltd., Michael Bregman, has launched a new $130 million venture capital fund through Toronto, Ont.-based Delrina Corp. The fund, which was launched with Mr. Bregman's partner Dennis Bennie, will focus on Internet-based companies.

Strategy & planning, Eating places, Food Services and Drinking Places, Management, Restaurant industry, Restaurants, Second Cup Ltd., Delrina Corp.

Autodesk pares Discreet Logic offer

Article Abstract:

Autodesk Inc., a San Rafael, CA-based company, has revised its takeover bid for Discreet Logic Inc., a Montreal, Quebec-based company, by slashing the price by nearly 9%. The two firms also raised their commitment to complete the deal by boosting the breakup and termination fees to $5 million from $2 million. Under the terms of the new deal, Discreet Logic will exchange 0.48 of its share for every Discreet Logic share, compared with its offer to 0.525 per share in the previous deal. Autodesk's VP and treasurer, Christine Tsingos, said Autodesk decided to reduce the value of its takeover offer due to shortfall in Discreet Logic's short-term earning prospects.

Comment:

Its deal to be sold to Autodesk Inc of San Rafael, CA, is revised by slashing the price by nearly 9%

Asset sales & divestitures, Acquisitions & mergers, Autodesk Inc., Discreet Logic Inc., Article