Mergers and Acquisitions Divestments

  • LONDON— Pharmaceutical company AstraZeneca plans to sell its antibiotic pills business to Pfizer in a deal that will be valued in excess of $1.5 billion when rights, royalties and other payments are included. Under the deal, AstraZeneca will sell the commercialization and development rights in most markets globally outside the United States.

  • LONDON— Pharmaceutical company AstraZeneca plans to sell its molecule antibiotics business to Pfizer in a deal that will be valued in excess of $1.5 billion when rights, royalties and other payments are included. Under the deal, AstraZeneca will sell the commercialization and development rights in most markets globally outside the United States.

  • Aug 23- American International Group Inc is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Plan Investment Board, the Wall Street Journal reported on Tuesday. AIG, the largest commercial insurer in North America, has been cutting jobs and trying to restructure its business as part of a sweeping overhaul promised to...

  • Chris Christie has signed legislation that would bar the state's public pension fund from investing with companies that boycott Israel or Israeli businesses. "Israel is the beacon of democracy in a region that is constantly in turmoil," Christie said. Christie said New Jersey does $1.3 billion in trade with Israel every year and called the Middle Eastern...

  • AIG, the largest commercial insurer in the United States and Canada, said it would get $2.2 billion in cash, $250 million in Arch Capital's perpetual preferred stock and $975 million in non-voting common-equivalent preferred stock from the sale of United Guaranty Corp.. The Wall Street Journal first reported AIG's deal with Bermuda- based Arch Capital...

  • LONDON, Aug 3- A consortium led by private equity firm Apollo Global Management has emerged as the frontrunner for Anglo American's metallurgical coal mines in Australia, valued at up to $1.5 billion, two sources familiar with the matter told Reuters. Anglo American, like its peers, is selling off prized assets after a prolonged commodities rout that has left it...

  • Aug 2- Aetna Inc said on Tuesday that it no longer planned to expand its Obamacare business next year, and the U.S. health insurer announced the sale of some Medicare Advantage assets as it fights to gain antitrust regulators' approval for its takeover of Humana Inc.. U.S. Department of Health and Human Services spokeswoman Marjorie Connolly said the exchanges...

  • *Sells some Medicare Advantage assets for Humana deal nod. Aug 2- Aetna Inc said it intended to withdraw plans to expand its Obamacare business next year, and the U.S. health insurer announced the sale of some Medicare Advantage assets to get antitrust nod for its takeover of Humana Inc.. The $117 million deal addresses "a key concern of the U.S. Department of Justice...

  • SAO PAULO, July 28- Brazil's state-run oil company Petroleo Brasileiro SA said in a statement on Thursday it is in exclusive talks for 60 days with Mexico's Alpek over the potential sale of PetroquimicaSuape and Citepe assets in Brazil's northeast. Mexico's Alpek is the petrochemicals unit of Mexican conglomerate Alfa. Petrobras, as Brazil's state oil...

  • MONTERREY, July 27- Mexico's Cemex still has around $400 million of non-productive assets identified that it could sell as part of its divestment plan, Chief Executive Fernando Gonzalez said on Wednesday. The company earlier on Wednesday said it would sell assets worth up to $2 billion in 2016 and 2017, above a previous goal of $1 billion to $1.5 billion, after a...

  • MONTERREY, July 27- Mexico's Cemex still has around $400 million of non-productive assets identified that it could sell as part of its divestment plan, Chief Executive Fernando Gonzalez said on Wednesday.

  • July 25- Verizon Communications Inc said it had agreed to buy Yahoo Inc's core internet business for $4.83 billion in cash, ending a lengthy sale process for the fading Web pioneer. "The sale of our operating business, which effectively separates our Asian asset equity stakes, is an important step in our plan to unlock shareholder value for Yahoo," Yahoo Chief...

  • In February, Baidu received an offer for its 80.5 percent stake in iQiyi from Robin Li and Yu Gong, the chief executives of Baidu and iQiyi, respectively. The offer valued the whole of iQiyi, China's second-biggest online video provider, at $2.8 billion on a cash- and debt-free basis. "We worry that embracing what is an inherent conflict of interest will lead to damage...

  • In February, Baidu received an offer for its 80.5 percent stake in iQiyi from Robin Li and Yu Gong, the chief executives of Baidu and iQiyi, respectively. The offer valued the whole of iQiyi, China's second-biggest online video provider, at $2.8 billion on a cash- and debt-free basis. "We worry that embracing what is an inherent conflict of interest will lead to damage...

  • A 'To Let' letting sign is seen displayed outside a rental property in an area that is popular for buy-to-let properties

    Bargain-hunters circling the U.K. property market after the post-Brexit plunge in sterling stand to get their fingers burned, analysts say.

  • July 11- Thomson Reuters Corp on Monday said it agreed to sell its intellectual property and science business to private equity firms Onex Corp and Baring Private Equity Asia for $3.55 billion in cash. Analysts have estimated that the business would be valued at more than $3 billion, or more than 10 times EBITDA. Guggenheim Securities and J.P. Morgan Securities...

  • AMSTERDAM, July 1- Rabobank said on Friday it had agreed to sell its Athlon car leasing business to Daimler Financial for 1.1 billion euros. Daimler plans to integrate Athlon, which manages a fleet of 250,000 vehicles in 11 European countries, into its own Daimler Fleet Management. Athlon is part of Rabobank's DLL unit, one of the world's largest vendor financing...

  • June 20- Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more customers. Shares of Wal-Mart rose 26 cents, or 0.4 percent, to $71.21 in afternoon New York Stock Exchange...

  • June 20- Wal-Mart Stores Inc said on Monday it would sell its Chinese e-commerce business, Yihaodian, to China's JD.com Inc and create a strategic alliance that could help boost Wal-Mart's business in China. Walmart's China stores will be listed as a preferred retailer on JD.com' s crowd-sourced platform, O2O JV Dada. Walmart's financial adviser on the deal was...

  • June 20- Wal-Mart Stores Inc said it would sell its Chinese e-commerce business, Yihaodian, to China's JD.com Inc.. Under the deal, JD.com will issue about 145 million new class A shares to Wal-Mart, representing about 5 percent of its total shares. Wal-Mart took a stake in Yihaodian, which caters to affluent female customers, in 2011 before taking full ownership in...