NEW YORK-- Food Technology Service is being acquired by private equity firm GTCR for about $20.5 million. If the deal is completed it will become part of GTCR's Sterigenics International business, which runs 39 sterilization facilities around the world. Shares of Food Technology Service Inc. traded as high as $6.75 in August.» Read More
*Offer of $21 per Vanguard share is 70 pct premium. June 24- U.S. hospital operator Tenet Healthcare Corp said on Monday it will buy smaller rival Vanguard Health Systems Inc for about $1.73 billion, putting it in a better position to benefit from the expected millions of Americans about to get insurance under President Barack Obama's healthcare reform.
*Analysts estimate business worth more than $2 billion. MELBOURNE/ LONDON, June 24- Rio Tinto Ltd has scrapped the proposed sale of its $1.3 billion diamonds business, denting its plan to divest mines as it tightens operations during an industry downturn.
NEW YORK, June 24- Tenet Healthcare joined the high-yield pipeline of M&A deals on Monday, announcing plans to acquire smaller rival Vanguard Health Systems for USD4.3bn, including the assumption of USD2.5bn of debt.
June 24- Hard drive maker Western Digital Corp will buy troubled Stec Inc to become one of the top players in the high-growth solid-state drive industry that has flourished despite high prices of the storage devices.
*Diamonds sale pulled after 15 months. MELBOURNE, June 24- Rio Tinto Ltd has scrapped the proposed sale of its $1.3 billion diamonds business, a setback for its plan to sell a swag of mines and company stakes to tighten operations during a global industry downturn.
SHANGHAI, June 22- China's Sinopec Group has agreed to buy Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion, Asia's largest refiner producer said. Sonangal Sinopec International Ltd, the group's subsidiary, will acquire Houston- based Marathon's 10 percent stake on the Angolan field called Block 31, it said in a statement late on Friday.
SHANGHAI, June 22- China National Petroleum Corp has agreed to buy Marathon Oil Corp's Angolan offshore oil and gas field for $1.52 billion, the country's top oil and gas producer said, marking its second major acquisition in Africa.
TOKYO, June 22- Japan's Mitsubishi UFJ Financial Group is in advanced talks to acquire a majority stake in Bank of Ayudhya Pcl, Thailand's fifth-largest lender, in a deal worth over $4 billion, sources familiar with the matter said on Saturday, marking a major turn in the protracted negotiation complicated by Thai regulations.
Chinese billionaire Wang Jianlin liked his new yacht so much, he bought the company, reports CNBC's Robert Frank. Jianlin is paying $495 million for Sunseeker International.
TORONTO, June 21- Sun Life Financial Inc on Friday warned of a likely delay in the sale of its U.S. annuity business because the New York Department of Financial Services has yet to approve the deal.
Softbank CEO Masayoshi Son has pledged that his company will eventually become the world¿s biggest company by making its way into the US market. Speaking at today¿s shareholder¿s meeting he said the acquisition of Sprint will be completed in early July. The Nikkei's Sachiko Kishida has more.
PARMA, Italy, June 19- A court-appointed commissioner has recommended Italian dairy group Parmalat cut the price it paid to its parent company Lactalis to acquire its North American cheesemaking division by $151 million, a move that will please minority shareholders.
Orascom Telecom, an Egyptian company that initially bankrolled Wind Mobile's operations in Canada and was later bought by Vimpelcom, said it withdrew the bid after a review process and discussions with the Canadian government.
*Duke shares edge up on NYSE. June 18- Duke Energy Corp, the largest U.S. power provider, has turned to an insider, Chief Financial Officer Lynn Good, to take over as CEO when Jim Rogers steps down as part of a regulatory settlement. Rogers was expected to retire when Duke's $18 billion takeover of Progress Energy closed last July.
*Starboard: Selling pieces could net $44- $55/ shr. June 17- Starboard Value LP revealed a major stake in Smithfield Foods Inc on Monday and urged the world's largest pork producer to explore a breakup rather than go ahead with a planned $4.7 billion takeover by Chinese meat company Shuanghui International.
LONDON, June 17- European shares recovered on Monday as talk of takeover activity in the telecoms sector helped stock markets claw back losses suffered in the previous week. The STOXX Europe 600 Telecoms Index was the best-performing sector, rising 1.6 percent after speculation that AT&T was interested in Spain's Telefonica, which was denied by Telefonica.
June 17- Starboard Value LP, a large shareholder in Smithfield Foods Inc, urged the world's largest pork producer to explore a breakup rather than go ahead with a planned $4.7 billion takeover by Chinese meat company Shuanghui International.
Gracia Martore, President & CEO of Gannett Co., discusses her company's $1.5 billion acquisition of TV company Belo, as well as the direction the company is headed.
June 13- Gannett Co Inc shares soared 27 percent to a five-year high after the largest U.S. newspaper chain struck a $1.5 billion deal for television company Belo Corp, dramatically increasing TV's importance to Gannett's results. Gannett's surge nearly equaled the entire purchase price, an unusual move for the buyer in a takeover.
June 13- Media company Gannett Co Inc said on Thursday that it agreed to pay $1.5 billion in cash to buy Belo Corp and assume $715 million in debt, giving television company Belo an enterprise value of $2.2 billion.