Deals - Europe Headlines

Swedish drug company Sobi in talks on bid for company

STOCKHOLM - Swedish Orphan Biovitrum, which specializes in selling medicines for rare diseases, said it had received a preliminary proposal for a bid on the firm, the latest company to be sucked into a whirl of deal-making in the healthcare sector.

4:31am EDT

Cap Gemini to buy U.S.-based IGATE for $4 billion, raises 2015 outlook


PARIS - Cap Gemini plans to buy United States-based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday.

3:02am EDT

Sun, Apr 26 2015

Sika's family owner seeks to overturn AGM decisions about takeover


ZURICH - The Swiss family that controls chemicals business Sika said it is seeking to overturn several decisions made at a recent investor meeting over a 2.75 billion Swiss franc ($2.88 billion) takeover by French rival Saint-Gobain .

26 Apr 2015

Pop Milano sits pretty as Italy cooperative banks brace for M&A


MILAN - At least five investment banks are vying to win a mandate from Banca Popolare di Milano (BPM) and find it a partner as Italian cooperative lenders gear up for a wave of mergers following a landmark reform of the sector.

Italy, Deals 26 Apr 2015

Fri, Apr 24 2015

Sky approached Mediaset to buy pay-TV unit: sources

MILAN - The Italian unit of Sky Plc approached Italian broadcaster Mediaset to buy its unprofitable pay-TV business Mediaset Premium but was rebuffed, according to two sources close to the matter.

Deals, Italy 24 Apr 2015

Generic drugmaker Mylan goes hostile in bid for Perrigo

- Generic drugmaker Mylan NV said on Friday it would take its $31 billion offer for Perrigo Co Plc directly to shareholders, in what is set to be one of the most high-profile hostile takeover attempts of the year.

Deals, Health 24 Apr 2015

Apax, AEA and Franke vie for vending machine producer N&W: sources

LONDON - Italy's N&W Global Vending [NWGLV.UL] has received a handful of indicative bids from buyout funds and industry players looking to take control of one of Europe's largest vending machine makers, four sources familiar with the matter said.

Deals, Italy 24 Apr 2015

Nestle skin unit to acquire Inneov assets in nutraceutical bid


ZURICH - Food group Nestle said on Friday its skin health unit Galderma would buy certain, undisclosed assets out of Inneov, a joint venture it had with L'Oreal , in a bid to enter the market for food and drink with potential health benefits.

24 Apr 2015

AstraZeneca insists Celgene deal about strategy, not cash


LONDON - AstraZeneca is getting a $450 million windfall by letting Celgene develop a prized immunotherapy drug for blood cancers but its chief executive insists the deal is about strategy, not cash.

Health, Deals 24 Apr 2015

ThyssenKrupp to invest $866 million in North America


FRANKFURT - German industrial group ThyssenKrupp plans to invest more than 800 million euros ($866 million) in North America by 2020 to take advantage of the economy's reindustrialization.

24 Apr 2015

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.