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Medical device company ArthroCare Corp.'s (ARTC, ARTC.PK) ex- chief executive officer Michael Baker and the company's former finance chief Michael Gluk were sentenced to imprisonment on Friday, after they were found guilty of plotting a $750 million securities fraud scheme. The court sentenced Baker...

Global alternative asset manager Carlyle Group L.P. (CG) has agreed to pay $115 million to settle a collusion case, which accused the company for conspiring with other private-equity firms to not to bid against one another in eight corporate takeovers that happened during the mid-2000s, according to...

Canadian coffee and dough-nut chain Tim Hortons, Inc.(THI, THI.TO) will have to pay C$345 million as termination fee to Burger King Worldwide, Inc. (BKW), if the former backs out from the $11 billion merger deal, stated a Burger King regulatory filing. Meanwhile, as per the filing, Burger King has...

Semiconductor company Microchip Technology Inc (MCHP), which held preliminary talks with CSR plc (CSRE, CSRXF.PK, CSR.L), including the possibility of a merger, said Friday that any offer for CSR is likely to be solely in cash, although Microchip reserves the right to vary the form of the consideration...

Fairfax Financial Holdings Ltd (FFH.TO, FFH_U.TO) Friday agreed to acquire all of the outstanding common shares of Canadian pet insurance provider Pethealth Inc (PTZ.TO) for $2.79 per share in cash. Also Fairfax will buy all of the outstanding preferred shares of Pethealth for a purchase price of...

Diversified utility company Vectren Corp (VVC) Friday closed the sale of its coal mining subsidiary, Vectren Fuels Inc, to Sunrise Coal LLC, an Indiana-based unit of Hallador Energy Coy (HNRG). The deal was announced in July. Prior to the sale, Vectren Fuels owned three underground coal mines in...

Briggs & Stratton Corp. (BGG) announced that it has acquired U.S. based Allmand Bros., Inc. for a total consideration of about $62 million in cash for all outstanding shares of Allmand, net of acquired cash. It is noted that Briggs & Stratton financed the transaction from cash on hand. Founded...

Pfenex Inc. (PFNX) posted second-quarter net loss attributable to common stockholders of $2.63 million or $1.67 per share, wider than $1.60 million or $1.04 per share in the comparable quarter last year. Revenue for the latest second quarter rose to $3.27 million from $2.31 million in the year-ago...

Donegal Group Inc. (DGICA) announced that its chief executive officer or CEO, Donald Nikolaus, will be on a temporary medical leave of absence. The Board has named Kevin Burke to serve as DGI's acting chief executive officer during Nikolaus' recovery period. The company stated that Nikolaus will continue...

Arthur J. Gallagher & Co. (AJG) announced the completion of the acquisition of the assets of Baker Tilly's Employee Benefits Solutions business. Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Illinois, has operations in...

Mindoro Resources Ltd. (MIO.V) announced the retirement and resignation of Director and Chief Executive Officer or CEO, Tony Climie, effective September 1, 2014. The company said its board has appointed Mindoro Director and Executive Vice President, Penny Gould to succeed Climie as CEO. Commenting...

InnoPharma Inc. announced that the U.S. Food and Drug Administration has approved its Abbreviated New Drug Application or ANDA for decitabine for injection, a generic version of Eisai Inc.'s Dacogen. InnoPharma developed the generic formulation of decitabine for injection and entered into an agreement...

Atlatsa Resources Corp. (ATL, ATL.TO) said that it has appointed Boipelo Lekubo as its chief financial officer effective 1 September 2014. Lekubo is a chartered accountant by profession with extensive experience in group financial management and reporting within the mining industry. Her previous finance...

Mattress Firm Holding Corp. (MFRM), a specialty retailer of mattresses and accessories in the United States, Friday said it will buy all of the mattress specialty retail assets and operations of Back to Bed Inc., M World Mattress LLC, MCStores LLC and TBE Orlando LLC, which collectively operate Back...

Molson Coors Brewing Co. (TAP-A, TAP) Friday said Simon Cox, 46, Managing Director of Molson Coors - UK and Ireland, would take over as CEO Europe, succeeding Mark Hunter. The position reports directly to the CEO of the global business and serves on the company's Executive Leadership Team. Cox,...