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  • NEW YORK, July 24- French oil major Total S.A. is selling a 50 percent stake in its sole U.S. refinery in Port Arthur, Texas, and has retained investment bank Lazard to advise on the deal, according to a source familiar with the matter. Lazard and Total both declined to comment. In June, Exxon Mobil Corp and Petroleos de Venezuela SA sold their 192,500 bpd Chalmette,...

  • FRANKFURT, July 23- German defence group Rheinmetall and French peer Thales are among several groups interested in a defence electronics business that plane maker Airbus is selling in an effort to streamline its operations, sources familiar with the transaction said. The two companies as well as U.S.-based Raytheon and a number of private equity groups...

  • July 23- Investment bank and asset manager Lazard Ltd reported a quarterly profit that handily beat analysts' estimate as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees, which account for 45 percent of Lazard's operating revenue, rose 17 percent to $273.2 million in the second quarter ended June. Some of the big deals...

  • Lazard adjusted profit jumps 53 pct Thursday, 23 Jul 2015 | 7:07 AM ET

    July 23- Investment bank and asset manager Lazard Ltd reported a 53 percent rise in quarterly adjusted profit as a jump in corporate dealmaking boosted M&A advisory fees. The company's adjusted net profit rose to $130.3 million, or 98 cents per share, in the second quarter ended June 30 from $85.4 million, or 64 cents per share, a year earlier. Lazard said M&A and...

  • July 3- Health insurer Aetna Inc said it would buy smaller rival Humana Inc for about $37 billion in cash and stock, in the largest ever deal in the insurance industry. The combination will push Aetna close to Anthem Inc's No.2 insurer spot by membership, and would nearly triple Aetna's Medicare Advantage business. Antitrust authorities, who were aggressive in...

  • A creditors' committee, led by Franklin Templeton, has put forward a plan which would save Ukraine $15.8 billion, or more than what it is aiming for, via extending bond maturities by up to 10 years and by cutting coupon payments in initial years, a separate source had said earlier. "What will be difficult in this proposal is that 40 percent of the debt is amortized...

  • SYDNEY, May 7- A A $500 million public listing by Australia's largest dairy producer, Murray Goulburn Co-operative Co Ltd, is on track for July, with cooperative members expected to give the go-ahead for the plan on Friday. "I have voted for it," said Stuart Crosthwaite, owner of North East Murray Dairy, one of the cooperative's 2,500 members. Those investors would be...

  • *Alexion offers $225.92 per Synageva share in cash and stock. May 6- Alexion Pharmaceuticals Inc on Wednesday said it agreed to buy Synageva BioPharma Corp for $8.4 billion, more than twice its market value, to expand its offering of potentially high-priced medicines for rare diseases. The medicine, which can cost more than $500,000 per year, generated sales of...

  • *Alexion offers $225.92 per Synageva share in cash and stock. May 6- Drugmaker Alexion Pharmaceuticals Inc agreed to buy Synageva BioPharma Corp for $8.4 billion at a hefty premium to expand in the lucrative market for drugs that treat rare diseases. The drug, whose marketing application is being reviewed in the United States and Europe, treats a rare and...

  • May 6- Drugmaker Alexion Pharmaceuticals Inc said it would buy Synageva BioPharma Corp for $8.4 billion to boost its rare drug pipeline. Kanuma's marketing application is being reviewed in the United States and Europe. Recent deals involving rare disease companies include Teva Pharmaceutical Industries Inc's $3.5 billion purchase of Auspex...

  • April 29- Starwood Hotels& Resorts Worldwide Inc said it was exploring strategic and financial alternatives and "no option is off the table." Starwood said on Wednesday it had retained Lazard to assist in exploring alternatives. Net income attributable to Starwood fell to $99 million, or 58 cents per share, in the first quarter ended March 31 from $137 million, or 72...

  • Starwood Hotels exploring strategic alternatives Wednesday, 29 Apr 2015 | 7:18 AM ET

    April 29- Starwood Hotels& Resorts Worldwide Inc said it was exploring strategic and financial alternatives and "no option is off the table." Regis and Sheraton hotel brands, rose 6 percent to $86 in premarket trading on Wednesday. The company, which has a market value of about $14 billion, said it had retained Lazard to assist in the process.

  • *Cap Gemini to buy U.S.-based IGATE for $4 bln. *Cap Gemini shares up 7.5 pct, IGATE shares rise to offer price. PARIS, April 27- Cap Gemini SA, a French information technology services company, said it will buy U.S.-based rival IGATE Corp for $4 billion in a deal that would make North America into its biggest market and hand IGATE's founders a $1 billion windfall.

  • April 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees for Lazard, the sole adviser to H.J. Some of the other ongoing big deals that Lazard is part of include AT&T Inc's $67.1 billion bid for DirecTV and Pfizer Inc's $17...

  • April 23- Investment bank and asset manager Lazard Ltd reported a better-than-expected quarterly profit as a jump in corporate dealmaking boosted its M&A advisory fees. M&A and other advisory fees for Lazard, the sole adviser for H.J. The other ongoing big deals that Lazard is part of include AT&T Inc's $67.1 billion bid for DIRECTV and Pfizer Inc's $17 billion...

  • Lazard adjusted profit rises 27 pct Thursday, 23 Apr 2015 | 7:10 AM ET

    April 23- Investment bank and asset manager Lazard Ltd reported a 27 percent rise in quarterly adjusted profit as a jump in corporate dealmaking boosted M&A advisory fees. The company's adjusted net profit rose to $103 million, or 77 cents per share, in the first quarter ended March 31, from $81.3 million, or 61 cents per share, a year earlier. Lazard said M&A and other...

  • FRANKFURT, April 23- Airbus has started approaching potential buyers for electronics and other assets it wants to sell to focus its defence division on warplanes, missiles, launchers and satellites, three sources familiar with the matter said. Europe's defence industry is struggling as cash-strapped governments cut military spending, and the asset sales...

  • *Apollo deal could be debt for equity swap. LONDON, April 16- Steel trading firm Stemcor, one of the UK's largest private companies, could be taken over by U.S. distressed investment fund Apollo, as part of a $2 billion debt restructuring, according to banking and industry sources. A deal with Apollo would be a classic debt for equity swap, in which Apollo would write off...

  • LONDON, April 9- Three years after facing off over Greece's debt workout, the two giants of debt restructuring- Lazard and Blackstone- are again preparing to do battle, one for Ukraine and the latter on behalf of its creditors. Another prominent player is Franklin Templeton, one of the world's biggest asset managers, whose star investor, Michael Hasenstab, has...

  • LONDON, March 31- Elliott Advisors, the rebel shareholder seeking a boardroom shake-up at Alliance Trust, rejected the trust's defence of its performance, costs and dividend policy on Tuesday, and reiterated calls for the election of three new directors. Using data from third parties including AIC, Bloomberg and MSCI, Elliott said that over all relevant return...