Tue, Aug 4 2015
LONDON/MILAN - Russia's Vimpelcom and Hong Kong's Hutchison Whampoa are close to a deal to merge their Italian mobile phone businesses, sources close to the deal said.
SAO PAULO - Seed giant Monsanto Co.'s unwanted takeover bid with Switzerland's Syngenta AG would face strong resistance in Brazil should it go forward, farmers and lawyers said, a hurdle that could delay or force major concessions to the $45 billion deal.
- Several U.S. farm and consumer groups are working on strategies to derail a proposed tie-up of Monsanto Co and agricultural seeds and chemicals rival Syngenta AG, saying a combination of the market leaders would spell fewer and higher-priced products.
TORONTO - The Canada Pension Plan Investment Board said on Tuesday it had formed a joint venture with Health Care REIT Inc , which operates senior housing centers in the United States, to hold a portfolio of medical office buildings in Southern California.
KUALA LUMPUR/SINGAPORE - At least half a dozen suitors have bid for energy assets of Malaysia's debt-laden state fund 1Malaysia Development Bhd (1MDB), despite it being at the center of the country's ongoing political crisis, according to four people familiar with the matter.
Mon, Aug 3 2015
NEW YORK - Petco Animal Supplies Inc has hired Goldman Sachs Group Inc to lead a potential initial public offering or sale that could value the pet supplies retailer at between $4 billion and $5 billion, including debt, according to people familiar with the matter.
SAO PAULO - Banco Bradesco SA agreed to buy HSBC Holdings Plc's Brazilian unit for a surprisingly high 17.6 billion reais ($5.2 billion), narrowing the gap with larger rivals while boosting its base of affluent customers in Latin America's largest economy.
SAO PAULO - Banco Bradesco SA sat on the sidelines for years while Brazilian banking rivals bulked up through a series of takeovers. On Monday, it made a grab for HSBC Holdings Plc's domestic business, one that will boost its assets by 16 percent.
MILAN - Investment group Exor , which controls carmaker Fiat Chrysler , said on Monday it had signed a deal to buy PartnerRe for $6.9 billion, trumping a rival bid from Axis Capital and ending a prolonged battle for the reinsurer.
FRANKFURT - German chemicals group BASF has lined up a loan package from large multinational banks for a potential takeover offer for Syngenta, the Swiss crop chemicals maker, but will bide its time, several people familiar with the matter said.
Republican presidential candidate and Wisconsin Governor Scott Walker has at least $120,000 debt, according to his financial disclosure released by the Federal Election Commission on Monday.