Scientific software provider SimBioSys is being acquired by John Wiley & Sons. The purchase by Wiley will help add tools that aid in the drug-discovery process.
SimBioSys is a pioneer in computer-aided analysis. Terms of the deal were not disclosed.
Biofuel Energy Corp. has entered into an agreement to acquire homebuilding-financing company JBGL for $275 million in cash and stock.
JBGL is currently owned by David Einhorn's Greenlight Capital and once the deal is approved, Greenlight will end up with a 49.9% stake in Biofuel Energy. The deal is expected to be finalized by this October and is still subject to a majority vote from Biofuel Energy stockholders
And Nathan's Famous reported a jump in net income and revenue for its fiscal year. The New York-based restaurant and food distributor says revenue increased by 16% and income rose by more than 11%.
In March, a new license agreement went into effect with John Morrell & Co. Higher royalties from the deal will start to be realized in the current quarter.
Lauren Simonetti joined FOX Business Network (FBN) in September 2007 as a field producer and became a reporter for the network in September 2011.