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Opexa Placement To Help Fund MS Cell Therapies

August 18, 2008 - Woodlands, Texas-based Opexa Therapeutics, which specializes in stem cell therapy, said it completed a $3 million private placement which will be used to finance the clinical development of cell therapies for multiple sclerosis.

Running Fox Completes Private Placement

August 18, 2008 - Running Fox Resources Corp., an oilfield services company that also owns oil and uranium as well as gold projects, said it has completed a private placement of 550,000 units at 40 cents a unit.

Scheme Involving Private Placement Funds Draws SEC's Attention

August 18, 2008 - Top executives at Wextrust Capital, a real estate-focused private equity and specialty finance company, were indicted on charges levied by the Securities and Exchange Commission claiming that the firm's principals and four affiliated funds ran a massive Ponzi scheme. The SEC and Federal Bureau of Investigation issued separate statements claiming that Steven Byers and Joseph Shereshevsky, Wextrust's chief executive and former chief financial officer, respectively, diverted funds that had been raised through private placement offerings. According to the SEC's complaint, Wextrust was formed in 2003 to pursue investment opportunities in undervalued real estate. An affiliate, Wextrust Securities, was created two years later to act as the selling agent for the private placement offerings. The Chicago firm also runs various commodities funds and controls interests in certain African diamond mines. Byers, the complaint says, was involved with the real estate investments, while Shereshevsky's role "was to take the lead in soliciting investors."

Pengrowth Completes $200 Million Deal Via Lehman, HSBC

August 18, 2008 - Pengrowth Completes $200 Million Deal Via Lehman, HSBC HSBC and Lehman Brothers recently completed a $200 million private placement for Pengrowth Energy Trust, a Canadian oil and natural gas royalty trust.

Sprint To Raise $3B From Convertible Preferred Offering

August 11, 2008 - Mobile phone provider Sprint Nextel Corp. of Overland Park, Kan., said it plans to raise $3 billion through a new convertible preferred stock issuance, which includes an over-allotment option of up to 450,000 preferred shares.

July IPO Mart Not For Faint Of Heart

August 11, 2008 - A daunting market environment kept IPO issuance at bay last month and delivered a disheartening start to the third quarter. Only 47 IPOs were priced in July raising $748 million, the lowest monthly deal count in five years, according to Dealogic, making a traditionally slow summer month painfully slower.

Mixed Bag For 2Q PIPEs Activity

August 11, 2008 - Public companies closed 348 PIPEs in the second quarter, raising $21.6 billion, a 14% increase in deals but a 50% decline in capital investment over the previous quarter, according to data from PrivateRaise.

Hewitt Places $230M In Senior Notes Via JPMorgan

August 11, 2008 - Hewitt Associates completed a $230 million private placement of unsecured senior notes in a deal led by JPMorgan, according to sources.

China's Huaxia Mulling $1.6B Equity Private Placement

August 4, 2008 - Huaxia Bank, a commercial bank in China, is reportedly planning to launch a $1.6 billion private placement of stock after receiving regulatory approval from Chinese government authorities.

Barclays Prices $400M Capita Deal

August 4, 2008 - Barclays Capital priced a $400 million deal in the private placement market for Capita Group.

IPO Observers See Market Rebound

August 4, 2008 - The market for initial public offerings isn't particularly robust at the moment, but that doesn't mean that attorneys who handle IPOs aren't optimistic about the prospects for the coming year.

Moody's On GAT FTGENCAT

August 4, 2008 - Moody's Investors Service released a presale report on GAT FTGENCAT 2008 FtdA, the €810 million Spanish SME CLO backed by loans and real estate lease contracts.

Buzz Box

August 4, 2008 - Steris Corp., a provider of infection prevention and surgical products and services, priced $150 million in senior notes, sources said.

Bear Stearns CEO to Leave JPMorgan

August 4, 2008 - Alan Schwartz will leave JPMorgan Chase at the end of the summer, according to published reports. He has been with JPMorgan without a definite position since the firm acquired Bear Stearns in March, helping to oversee the integration of Bear Stearns into JPMorgan.

Stornoway Wraps Up $22 Million Placement

July 28, 2008 - Stornoway Diamond Corp. completed a $22 million private placement of 24.4 million common shares at 90 cents a share to Agnica Eagle Mines Ltd. and Lorito Holdings Ltd.