Latest South Florida business news

ARMOUR Residential REIT Announces Pricing of Public Offering of 26,000,000 Shares

VERO BEACH, Fla. -- ARMOUR Residential REIT, Inc. (NYSE:ARR) (NYSE Amex:ARR.WS) announced today that it has priced an underwritten public offering of 26,000,000 shares of common stock. ARMOUR has granted the underwriters a 30-day option to purchase up to 3,900,000 additional shares of common stock. The underwriters are offering the shares in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. The offering is expected...

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ComVest's Roger Marrero on Board as Siris Raises $268.5M for Tekelec Acquisition - cbl

By Richard Rabicoff
WEST PALM BEACH -- Siris Capital Group LLC raised $260.48 million to support the acquisition of Morrisville, N.C.-based Tekelec (TKLC). According to the related SEC filing, the Siris-led consortium called Titan Private Holdings I, LLC attracted 29 investors. The acquisition, completed on January 27, 2012, was valued at about $780 million. Tekelec engages in the manufacture of telecommunications products and in of...

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