Johnson & Johnson received numerous preliminary offers from hedge funds interested in acquiring its Ortho Clinical Diagnostics unit, said a Reuters report.
Exits
CA Immobilien sells majority stake in Tower 185
CA Immobilien Anlagen announced it would sell two-thirds of Tower 185 in Frankfurt to two German pension funds.
SNC appoints Morgan Stanley and RBC to help sell an equity stake in AltaLink
Morgan Stanley and the Royal Bank of Canada were appointed to help SNC-Lavalin Group Inc. sell an equity stake in AltaLink, according to a Bloomberg report.
Mercator appoints BMO Capital Markets for a possible sale
Mercator had appointed BMO Capital Markets to lead a potential sale of the company after sales slumped, said a Bloomberg report.
Macquarie to bid for Lloyd's Australian assets
Macquarie Group Ltd. offered a bid for the Australian assets of Lloyds Banking Group Plc, according to a Bloomberg report.
Latest News
JC Penney shareholder Perry Corp had reduced its stake in the retailer, according to a filing showed on Monday.
The bid for independence of Activision Blizzard from Vivendi is still subject to shareholder approval.
After its creditors opposing the original auction process for the assets of LightSquared Inc, the new plan was approved by the bankruptcy court.
Tesco Plc had filed for bankruptcy for its US stores last Monday and planned a sale of 167 stores to Yucaipa Cos led by billionaire Ron Burkle.
Blackstone Group LP had been in talks to sell its stake in a New Delhi based property valued USD40 million, said sources.
Ardian is the new entity formed when AXA Private Equity spun off from AXA Group. In an announcement, AXA Private Equity had said it completed its spin-off from the AXA Group.
Investment company PointB sold its shares of Loft9. Seattle-based management consulting and private equity company Point B said it had exited from Loft9.
San Miguel Corp sold its 27.1% stake in Manila Electric Company to JG Summit Holdings Inc. valued around USD2 billion.
Nigerian President Goodluck Jonathan handed control of 14 power companies formerly owned by the state to private investors.
