United Dairy Power, the biggest privately owned milk supplier in Australia, is looking to dispose a stake in the firm to an Australian diary investor for an undisclosed sum.
Corporations
Belgium's Arseus exits healthcare supplies business to Henry Schein for €50M
Arseus, a Belgium-based healthcare group, said it has sold its Dentals software Julie, Arseus Dental Lab, Arseus Dental Solutions Benelux and Arseus Dental Solutions France Ouest to Henry Schein Inc for €50 million.
Nidec Sankyo acquires Mitsubishi Materials CMI unit in Japan
Japanese electric motors manufacturer Nidec Sankyo Corp completed the purchase of Mitsubishi Materials CMI Corp for an undisclosed sum, according to an announcement made by Nidec Corp.
Clinton endorses controversial private equity-backed for-profit higher education chain- report
Former President of the United States Bill Clinton is the Honorary Chancellor of a controversial private equity-backed Laureate Education Inc, a for-profit company, Bloomberg reported.
China's Harbin Bank eyes $1B Hong Kong IPO
China-based firm Harbin Bank is planning to file for a $1 billion initial public offering (IPO) in Hong Kong within January, according to sources familiar with the matter.
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Poland-based digital cable firm Multimedia Polska bought cable operator Telektronik from Reda for an undisclosed amount, making way for the addition of new services to its current portfolio.
Tech giant Google has purchased Timely, the alarm clock app created by BitSpin, for an undisclosed sum, making all its versions including the upgraded one, completely free.
Tech giant Apple has purchases Australia-based startup SnappyLabs, a one-man team behind the photo app that augments iPhone's camera, according to earlier reports by TechCrunch and Recode.
The $570 million debt settlement offer that will give control of Israel's IDB Holding Corp to Argentine businessman Eduardo Elsztain was approved by a court in Tel Aviv, Bloomberg reported.
GlaxoSmithKline has asked for the approval of India's Foreign Investment Promotion Board for its planned acquisition of a 24.33% stake in its Indian arm GlaxoSmithKline Pharmaceuticals Ltd. GSK will fund the stake hike by investing INR6,400 crore.
The Permanent Court of Arbitration in The Hague, Netherlands has pushed back an arbitration claim hearing involving Chevron Corp. and Ecuador to February. Chevron was indicted for environmental damage done in Amazon by Texaco.
Some investors say that Marc Bolland, the head of retailer Marks and Spencer will come under renewed investor pressure if the Christmas and New Year sales figures next week disappoints, a Financial Times report said.
Malaysian firm Cahya Mata Sarawak has agreed to work with various companies to build the first integrated phosphate facility Southeast Asia, the Daily Express reported.
Canada resurrected a $4.7 billion agreement to buy Sikorsky helicopters from United Technologies Corp which Ottawa nearly scrapped due to delays and complications it encountered, Reuters reported.
