Mergers and Acquisitions Divestments

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  • 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...

  • Feb 9- Oil and gas producer WPX Energy Inc said it would sell natural gas assets in Colorodo's Piceance basin for $910 million to boost its liquidity amid a prolonged slump in oil prices. WPX said its unit, WPX Energy Rocky Mountain LLC, will be bought by Terra Energy Partners LLC, a private company owned by investment manger Kayne Anderson and private equity firm...

  • Feb 5- Engineering supply group Premier Farnell Plc said it would sell its industrial products unit Akron Brass to U.S.- based IDEX Corp for $224.2 million in cash. Akron Brass, which has a large market share in North America, accounted for nearly 8 percent of Premier's total revenue in 2015.. Premier Farnell also said on Friday that said it expected profit for the...

  • Feb 5- Engineering supply group Premier Farnell Plc said it would sell its industrial products division Akron Brass to U.S.- based IDEX Corp for $224.2 million in cash. Premier Farnell, which makes and sells the Raspberry Pi- a mini, low-cost computer, said that the deal would help it focus on its core electronics distribution business. The company also said on...

  • MEXICO CITY, Feb 2- Mexican airport operator OMA said on Tuesday it had sold more than 33 million shares that had been pledged as collateral under a credit agreement between a subsidiary of embattled construction firm ICA and Germany's Deutsche Bank. OMA said in a statement that the sale of 33,162,600 Series B shares, more than 8 percent of the company's shares,...

  • MEXICO CITY, Feb 2- Mexican airport operator OMA said on Tuesday it had sold more than 33 million shares that had been pledged as collateral under a credit agreement between a subsidiary of embattled construction firm ICA and Germany's Deutsche Bank. OMA said in a statement that the sale of 33,162,600 Series B shares, more than 8 percent of the company's shares,...

  • Feb 2- Yahoo Inc said on Tuesday it was exploring strategic alternatives in addition to the continued pursuit of the reverse spin-off of its Internet business. Yahoo said it would simplify its product portfolio and that it had begun to explore divesting non-strategic assets. The company also said it would cut about 15 percent of its workforce and close offices...