LONDON - British technology company Oxford Instruments on Friday increased its offer for Andor Technology to 525 pence per share, saying it was the final bid it would submit to the digital camera maker's board for approval.
LONDON - Bankers are lining up around 1 billion euros ($1.4 billion) of debt financing to back the planned sale of German industrial group GEA's heat exchangers unit, banking sources said on Friday.
ZURICH/PARIS - Nestle was selling its 10 percent stake in Swiss fragrance and flavor maker Givaudan on Friday for as much as 1.08 billion Swiss francs ($1.20 billion), as it concentrates resources on its core food businesses.
ANKARA - Bank of America Merrill Lynch has withdrawn from bidding to advise Turkish defense contractor Aselsan after Turkey struck a preliminary defense deal with a Chinese firm under U.S. sanctions, an Aselsan official said on Friday.
Thu, Dec 5 2013
MILAN - Rebel Telecom Italia investor Marco Fossati said on Thursday he was opposed to the enforced sale of the company's Brazilian mobile business, as demanded by a local regulator, arguing this would depress its multi-billion euro value.
AMSTERDAM - Dutch mail group PostNL said it would sell a 15 percent stake in logistics company TNT Express , worth 540 million euros ($737.5 million) based on Thursday's closing price, through a private placement.
WARSAW - BNP Paribas has agreed to buy the Polish business of its Dutch rival Rabobank for $1.4 billion, as the French bank returns to the acquisition trail after a period of re-structuring and seeks growth outside the euro zone.
ZURICH - Credit Suisse said it would sell its private bank in Germany to Frankfurt-based Bethmann Bank, part of state-owned ABN AMRO - the first sizeable disposal in its private banking business in years.
HONG KONG - China Mobile Ltd, the country's largest mobile operator, said it is still negotiating with Apple Inc to offer iPhones on its network, commenting on a media report saying that a long-awaited agreement had been reached.
FRANKFURT - German diversified chemicals and pharmaceuticals group Merck KGaA said it could pursue more acquisitions after launching a takeover offer for Britain's AZ Electronic Materials .
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.