Mergers and Acquisitions Divestments

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  • The Virgin Australia Holdings Ltd. logo is displayed on the tail of an Airbus SAS A330 aircraft at Sydney Airport in Sydney, Australia, on Monday, Aug. 17, 2015.

    Air New Zealand, the biggest shareholder in Virgin Australia Holdings, said on Wednesday it is considering selling its 25.9 percent holding.

  • March 27- Dell Inc is set to announce an agreement on Monday to sell its non-core information technology consulting division to Japan's NTT Data Corp for $3.5 billion, people familiar with the matter said on Sunday. The move will allow U.S. computer maker Dell to trim some of the $43 billion in debt it is taking on to fund its pending cash-and-stock acquisition of...

  • *Possible sale of near 20 pct stake in Yum China- sources. Yum plans to spin off its 6,900 restaurants in China, which account for about half of the company's total sales, by the end of 2016. Yum China will list on the New York Stock Exchange, and possibly in Hong Kong. Yum Brands Inc, the home of KFC and Pizza Hut, has been falling behind rival McDonald's Corp as the pair...

  • March 23- Yum Brands Inc, the owner of the KFC and Pizza Hut chains, is in talks with private equity company KKR& Co LP and others about a possible sale of a 19.9 percent stake in its China business, the Wall Street Journal reported, citing people familiar with the matter. The KFC and Pizza Hut owner is planning to spin off Yum China by the end of 2016 and list it on the New...

  • March 23- Yum Brands Inc, the owner of the KFC and Pizza Hut chains, is in talks with private equity company KKR& Co LP and others about a possible sale of a 19.9 percent stake in its China business, CNBC reported, citing Dow Jones. The stake values the China business at about $10 billion, the report said. Yum's shares were up 2.3 pct at $80.80 at midday.

  • PARIS, March 21- Casino said on Monday it was on track to reduce debt as promised after Standard& Poor's cut the French retailer's credit rating to junk, citing falling profits, weakness in Brazil and competition at home. It said key disposals in Asia were moving ahead, and the completion of the sale of its 58.6 percent stake in Thai unit Big C Supercenter for 3.1...

  • PARIS, March 21- Casino said on Monday it was on track to reduce debt as promised after Standard& Poor's cut the French retailer's credit rating to junk, citing falling profits, weakness in Brazil and competition at home. The completion of the sale of its 58.6 percent stake in Thai unit Big C for 3.1 billion euros was imminent and the disposal of its activities in...

  • PARIS, March 21- Casino said on Monday it was on track to lower its debt after Standard& Poor's cut the French retailer's credit rating by one notch to non-investment grade, or junk. It said the completion of the sale of its 58.6 percent stake in Thai unit Big C for 3.1 billion euros was imminent and that the disposal process of its activities in Vietnam was...

  • *Toshiba says in talks with other companies, but nothing decided. March 15- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. Toshiba granted Canon Inc exclusive negotiating rights for its medical equipment unit,...

  • March 14- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. The deal is expected to fetch tens of billions of yen, the Japanese business daily reported. Toshiba granted Canon Inc exclusive negotiating rights for its...

  • *Safran holding investor meeting in London. LONDON, March 14- France's Safran said on Monday it was talking to potential buyers of its airport explosives detection business, and announced a strategic review of the rest of its identity and security activities as it focuses on aviation and defence. Presenting 2015 results in February, Chief Executive Philippe...

  • BRUSSELS, March 9- Teva Pharmaceutical Industries is expected to win EU antitrust approval for its $40.5 billion bid for Allergan's generics unit after agreeing to sell off some of its products to appease regulators, three people familiar with the matter said on Wednesday. Teva, the world's biggest generic drugsmaker, will divest some drugs already on the...

  • BRUSSELS, March 9- EU antitrust regulators are set to clear Teva Pharmaceutical Industries' $40.5 billion bid for Allergan's generics unit after the Israeli company agreed to divest some drug products, three people familiar with the matter said on Wednesday. Teva, the world's biggest generic drugsmaker, will divest some products already on the market and...

  • LONDON, March 1- AstraZeneca has sold rights to a non-core drug to a unit of Kyowa Hakko Kirin for an upfront payment of $70 million, a day after getting $500 million for two ageing heart medicines. The British-based drugmaker has been divesting peripheral products to help pay the bills as it invests in new medicines, while taking a profit hit from the loss of patent...

  • TOKYO, Feb 29- Struggling Toshiba Corp plans to sell its entire medical equipment unit rather than just a controlling stake, people familiar with matter said, adding that aggressive bidding could value the business at much more than initial estimates of $3.5 billion. Rising restructuring costs have prompted management to pursue an entire sale of Toshiba...

  • TOKYO, Feb 29- Struggling Toshiba Corp plans to sell its entire medical equipment unit rather than just a controlling stake, people familiar with matter said, adding that aggressive bidding could value the business at much more than initial estimates of $3.5 billion. Rising restructuring costs have prompted management to pursue an entire sale of Toshiba...

  • Feb 24- Honeywell International Inc is seeking a buyer for its building solutions business, the Wall Street Journal reported, adding that the business could fetch $3 billion to $4 billion. Honeywell's building solutions and distribution business generated net sales of $4.57 billion in 2015 and accounted for 11.8 percent of the company's total net sales.

  • Feb 24- Honeywell International Inc is seeking a buyer for its building solutions business, CNBC reported, citing Dow Jones. The business, which makes sensing and security technologies for homes and commercial buildings, could fetch $3 billion to $4 billion, CNBC said on Wednesday. The news comes a day after Honeywell, a major maker of aerospace components,...

  • HAMBURG, Feb 22- U.S. agribusiness giant Cargill said on Monday it had reached an agreement to sell its industrial chocolate production unit in Mannheim, Germany, to Dutch investment companies Nimbus and Varova. Cargill had agreed to dispose of the activities as part of European Union approval for its acquisition of the global chocolate business of U.S. group...

  • Feb 9- Oil and gas producer WPX Energy Inc said on Tuesday it has agreed to sell natural gas assets in Colorado's Piceance Basin for $910 million to a private firm, in a deal viewed by investors as a bright spot in the sluggish market for oil and gas properties. WPX said its unit, WPX Energy Rocky Mountain LLC, will be bought by Terra Energy Partners LLC, a private company...