Labor unions at Italy's Monte dei Paschi di Siena (BMPS.MI) on Thursday urged the Italian government to resist what they said was pressure from the European Union for the bank to merge with another group.
Mergers & Acquisitions
Orix to buy software maker Yayoi for over $691 million
Japanese financial services provider Orix Corp (8591.T) said it would buy accounting software maker Yayoi Co from private equity firm MBK Partners for more than 80 billion yen ($691 million), as it tries to expand its customer base into smaller companies.
India's Aurobindo to buy U.S. nutritional supplements maker for $133 million
Indian generic drugmaker Aurobindo Pharma Ltd (ARBN.NS) said on Wednesday its U.S. unit won a bankruptcy auction to buy nutritional supplements maker Natrol Inc for $132.5 million.
Panasonic CEO says considering white goods M&A in Europe
Japanese electronics conglomerate Panasonic Corp is considering M&A deals as a way to bolster its position in the European white goods market, its chief executive said on Monday.
KKR prepares more Samson asset sales as oil prices plunge
KKR & Co (KKR.N), which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.
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Potential buyers from at least six leading oil companies have visited Citgo Petroleum Corp’s refinery in Illinois and three firms have shown keen interest in its Texas plant, four sources familiar with efforts to sell the assets said.
Hedge fund Elliott Associates may take legal action against pharmaceuticals company AbbVie Inc for scuttling a merger deal with Shire Plc.
The chief executive of Quest Diagnostics Inc (DGX.N) said his company will stick to its core business of diagnostic testing and is not interested in acquiring a contract research organization (CRO), despite such a planned move by rival diagnostics firm LabCorp (LH.N).
General Electric Co's (GE.N) $16.9 billion purchase of the power assets of France's Alstom (ALSO.PA) is on pace for closing in the middle of next year after passing several steps, the head of GE's power business said on Wednesday.
Talisman Energy Inc, the Canadian oil producer whose shares have fallen more than half in the past year, said on Tuesday it expects to meet its goal of selling $2 billion in assets by mid-2015 despite tumbling oil prices.
Australia's Transfield Services Ltd (TSE.AX), which runs the country's offshore refugee detention centers, said it won't negotiate with Spain's Ferrovial SA (FER.MC) over a $873.60 million takeover approach until it agrees not to buy its shares for three months.
Cheung Kong Holdings Ltd (0001.HK), owned by Asia's richest man Li Ka-shing, said it had agreed to buy stakes worth $2.02 billion in about 60 aircraft as part of the property firm's push into airplane leasing.
Canadian pension fund PSP Investments and its partners have agreed to buy the French operations of telecoms masts group TDF in a deal worth about 3.5 billion euros (4.40 billion US dollar), people familiar with the matter said.
Indonesian telecommunication operators PT Bakrie Telecom Tbk and PT Smartfren Telecom Tbk will merge their network operations in a deal that will make Bakrie Telecom one of Smartfren's shareholders.
