Getting Clear. When you apply to your lender for a mortgage loan, the lender submits your documents -- pay stubs, tax records, student-loan payments, appraisal and so on -- to an underwriter, or runs it through underwriting software.
On 13 June 2014, Canon announced it had acquired Danish IP Surveillance VMS software company Milestone Systems. Milestone provides open-platform software to allow video management from various vendors in a single interface; therefore the company will operate as a separate entity. On 10 February 2015, Canon announced that it had intentions to buy Swedish Security Camera maker Axis Communications for $2.83 billion. On 23 February 2015, Axis Communications reacted to this news and confirmed that it had received a purchase proposal from Canon. The purchase was effectively completed in April 2015.
AT&T Buys Cricket & Saved Leap From Disaster! On July 12, 2013, Cricket announced that AT&T agreed to buy Cricket Communications (the sole division of Leap Wireless) for $1.19 billion in cash, which translates to $15 per share. This was an 88% premium over its stock at the time, and includes taking over ownership of every aspect of the business, including its $2.8 billion in debt.