peHUB First Read

First Read ushers in your morning with news of Royal Dutch Shell planning on acquiring BG Group for about $70 billion, the DEA has been reportedly tracking phone calls long before 9/11 and a new stamp honoring Maya Angelou features someone else’s quote. Oops.

Chrysalix Adds Three Strategic LPs To CELP III

Chrysalix said it signed three new strategic limited partners to its CELP III Fund. They are SABIC, Royal Dutch Shell, and a large European industrial group to be disclosed this spring. The new LPs will give CELP III additional money to strengthen the fund’s portfolio, especially important during a recessionary period, the venture firm said. […]

Barra Energia Buys Shell’s 10% in Exploration Block off Brazil Coast

Barra Energia, the Brazilian oil and gas company based in Rio de Janeiro, has closed a deal to buy the remaining 10 percent of Royal-Dutch Shell‘s stake in a deep-water subsalt exploration block off Brazil’s coast. Shell said the sale was part of a previously announced reshuffle of its asset portfolio. It plans to continue investing in Brazil and expects […]

peHUB Second Opinion 6.11

BP Stock is now a buy: Shares of BP, now subject to takeover and bankruptcy rumors, are up. And only a few companies, Shell, Exxon Mobil or Chevron, could take it on. So it’s a buy now.

Who wants Wendy’s: Shares of the fast food chain pop Friday on rumors that it could be taken over.

Sophisticated Investors not so smart: Investors of Merrill Lynch-issued CDOs claims they were bright enough to read the fine print.

Shell Increases Codexis Stake

Royal Dutch Shell has increased its equity stake in Codexis Inc., a developer of industrial biocatalysts, including enzymes and microbes. No financial terms were disclosed for the deal, which was part of a larger strategic arrangement. Codexis last year canceled plans for a $100 million IPO. At the time, it had raised over $80 million from CCTV Investments, CMEA Ventures, Pequot Capital, Pfizer, Maxygen and Bio*One Capital.

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