Australian wool merchant Lempriere has reached the 90 percent target of Wool Services International, allowing it to mop-up the remaining shares. The Melbourne-based company reached 90.9 percent of acceptances yesterday, according to a substantial security holder notice, meeting its minimum acceptance and letting it compulsorily acquire the remaining shares in the company. Lempriere launched the takeover last year, offering 45 …

American computer network provider Emulex Corp says it had received acceptances for 88.4 percent of the shares of New Zealand-based, London AIM exchange-listed Endace, and will extend its offer to Feb 26 to allow it to mop up remaining shares, if possible. If Emulex reaches 90 percent acceptances, it has the option to trigger the compulsory acquisition provisions of the …

While the Standard & Poor’s 500 Index touched a fresh five-year high shortly after opening, it failed to hold those gains as investors sought to assess the impact of President Barack Obama’s second-term initiatives. With a focus on renewing America’s middle class, President Obama announced in his State of the Union address last night plans to lift the minimum wage …