Investors showed support in nutrition company Herbalife International on the stock exchange on Friday despite another attack from activist investor Bill Ackman of hedge fund Pershing Square Capital Management.
Healthcare Health/Fitness
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.
Indian units of Pfizer and Wyeth to merge
Pfizer Ltd, the Indian unit of U.S. drug maker Pfizer Inc, is to take over local affiliate Wyeth Ltd. Shareholders of Wyeth will get seven Pfizer Ltd shares for every 10 shares held.
Pfizer Ltd to take over Wyeth Ltd
A Saturday announcement revealed that Pfizer Ltd, Pfizer Inc's Indian unit, would be merging with its local affiliate Wyeth Ltd after both pharmaceutical firms' boards approved the deal.
TPG sees many opportunities in health-care cost containment
TPG Capital believes there are still many opportunities can still be found in the cost-saving goal of the country's current health-care reform, as stated by a principal at the megafirm.
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The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
Novartis told investors that it will be holding a USD 5 billion share buyback in the next two years. The share repurchase will start immediately, according to the Switzerland-based drugmaker.
US-based pharmaceutical company Moderna Therapeutics announced its completion of a new funding round worth USD110 million for the development of its messenger ribonucleic (RNA) Therapeutics.
Xenex Disinfection Services, the company that launched robotic technology for disinfection of hospital rooms, has secured USD11.3 million in funding boost from private sources and venture capital firms.
Strategic investors were said to be in discussions to buy a majority stake in Vasan Healthcare, which operates eye care hospitals and dental centers in India.
Only three potential buyers from at least five who expressed initial interest were left to bid for the Ortho Clinical Diagnostics business of healthcare firm Johnson & Johnson, according to sources interviewed by Bloomberg.
Chinese drug retailer Asia Health Century International, backed by private equity firm CVC Capital Partners Ltd, is planning a Hong Kong IPO of up to $300 million next month, the Wall Street Journal reported on Thursday.
China's iKang Goubin Healthcare is looking to launch an initial public offering, possibly in NASDAQ, next year. Before the proposed exit, iKang secured a USD100 million joint investment by Goldman Sachs & Co. and sovereign wealth fund Government of Singapore Investment Corporation.
Optical retailer New Look Eyewear Inc will be buying Charlottetown-based eyewear company Vogue Optical Inc for USD74 million to become Canada's third-largest integrated optical product seller.
