Belgian visual technology company Barco NV (BAR.BR) is on the verge of selling its aerospace and defense business to a U.S. industrial firm, local business daily De Tijd said on Monday.
Deals
New U.S. tax rules may lead Medtronic to redo inversion deal
U.S. medical device maker Medtronic Inc is likely to try to renegotiate the structure and terms of its $42.9 billion deal to buy Ireland's Covidien Plc in response to new U.S. tax rules, according to people familiar with the situation.
Bonomi letter keeps French Club Med bid battle alive
Italian tycoon Andrea Bonomi has written to directors of his bid target Club Mediterranee (CMIP.PA) asking for updated financial information, a letter seen by Reuters shows, in a sign he still hopes to win control of the French holiday company.
EnLink buys Henry Hub and other Louisiana gas pipelines from Chevron
EnLink Midstream (ENLK.N) (ENLC.N) said on Monday it had signed a $235 million deal with Chevron Corp (CVX.N) to buy natural gas pipelines in Southern Louisiana, including those linked to the Henry Hub supply point that sets U.S. futures prices.
Chinese e-cigarette maker Kimree files for U.S. IPO
Chinese e-cigarette maker Kimree Inc filed to list its shares in the United States at a time when e-cigarette companies are finding it harder to raise capital amid rising competition and increasing regulatory oversight.
Latest News
Australia's Treasury Wine Estates Ltd (TWE.AX), one of the world's biggest wine companies, rejected takeover offers from private equity firms saying bids that valued it at $3 billion were insufficient and required it take on too much debt.
The little known Asia head of Mercuria will be key in tying the Swiss commodity trader's $3.5 billion acquisition of JP Morgan Chase and Co's physical commodity desk into the company's China business.
Japanese drugmaker Daiichi Sankyo Co Ltd (4568.T) has agreed to acquire U.S. biopharmaceutical company Ambit Biosciences Corp (AMBI.O) in a deal valued up to $410 million as it looks to build its presence in oncology, the companies said.
Alibaba Group Holding Ltd, in its first big investment since raising $25 billion in a record-breaking New York initial public offering, has bought 15 percent of Chinese hospitality technology provider Beijing Shiji Information Technology Co Ltd for 2.81 billion yuan ($458.66 million).
Bill Gross's exit from the investment firm Pimco had an immediate impact on the company, with investors withdrawing about $10 billion following the announcement, the Wall Street Journal reported, citing a person familiar with the matter.
A proposed merger of Internet pioneers AOL Inc and Yahoo Inc could create a nimbler player in Web video, but strong growth, the measure of success in Silicon Valley, would remain elusive.
Michigan officials on Friday signed off on four bond issues totaling $1.1 billion that would fund Detroit's exit from the biggest-ever municipal bankruptcy.
China's Fosun International Ltd has upped its bid for Portugal's Espirito Santo Saude (ESS) to 4.82 euros a share or 460.5 million euros ($584 million) in total, stepping up the battle over the hospital business of the indebted Espirito Santo family.
Japan's SoftBank (9984.T) is in talks to acquire DreamWorks Animation SKG (DWA.O) in a deal that valued DreamWorks at as much as $3.4 billion, media reported on Sunday.
