| Shares of Brazil Visa affiliate soar |
| News - Financial News |
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--(www.FinancialNewsUSA.com)-- 06/30/2009 - IPOs industry news provided by Financial News USA. RIO DE JANEIRO (AP) -- Shares of Visa Inc.'s Brazilian affiliate soared nearly 12 percent Monday in what one analyst said is the world's biggest initial public offering in more than a year -- and an indication of confidence in consumer spending. VisaNet jumped 11.8 percent to 16.77 reals a share in the stock's debut on Sao Paulo's Bovespa stock exchange. Its offering price was 15 reals. Brazil's securities regulator said Friday that VisaNet raised $4.3 billion with the sale of 559.8 million shares in its IPO -- the world's biggest since Visa Inc.'s March 2008 IPO in the U.S. brought in $17.9 billion, said Nicholas Einhorn, a research analyst at Greenwich, Connecticut-based Renaissance Capital. Demand for the stock indicates investors are bullish not only on VisaNet but also Brazil's economy -- which has arguably weathered the global financial crisis better than nearly any other nation, Einhorn said. [Read the full article] WASHINGTON, June 29 /PRNewswire-FirstCall/ -- Capitol Acquisition Corp. ("Capitol") (NYSE: CLA) announced today that Thomas Siering, a Partner of Pine River Capital Management L.P. ("Pine River") and the President and a Director of Two Harbors Investment Corp. ("Two Harbors"), has entered into a written plan to purchase up to an aggregate of 100,000 shares of common stock of Capitol pursuant to Rules 10b5-1 and 10b-18 of the Securities Exchange Act of 1934. As previously announced, Capitol and Two Harbors, a company wholly-owned by Pine River, have entered into a merger agreement pursuant to which Capitol will become a wholly-owned subsidiary of Two Harbors following approval of the merger by Capitol's stockholders. Capitol Acquisition Corp. is a Washington D.C. [Read the full article] LAFAYETTE, La., June 29 /PRNewswire-FirstCall/ -- IBERIABANK Corporation (Nasdaq: IBKC), the holding company of the 122-year-old IBERIABANK and IBERIABANK fsb, announced today that it has commenced an underwritten public offering of $140 million of its common stock. The underwriters will have a 30-day option to purchase up to an additional 15 percent of the offered amount of common stock from the Company, to cover over-allotments, if any. Goldman, Sachs & Co., and Keefe, Bruyette & Woods will serve as joint bookrunning lead managers, and Stifel Nicolaus & Company, Inc. will be a co-manager. The shares will be issued pursuant to a prospectus supplement filed as part of a shelf registration statement previously filed with the Securities and Exchange Commission on Form S-3. [Read the full article] IRVINE, Calif., June 29 /PRNewswire-FirstCall/ -- Broadcom Corporation (Nasdaq: BRCM) today announced that it raised its tender offer for all of the currently outstanding shares of common stock (including the associated preferred stock purchase rights) of Emulex Corporation (NYSE: ELX) from $9.25 to $11.00 per share in cash, representing a total equity value of approximately $912 million. As required by law, Broadcom will extend its tender offer for an additional 10 business days, until midnight New York City time, July 14, 2009. This is the best offer Broadcom intends to make, reflecting Broadcom's assessment of the publicly available information on Emulex and the value Broadcom anticipates to itself from an expedited transaction. [Read the full article] About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
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