Mergers & Acquisitions
Canada's PSP agrees to buy TDF's French arm for 3.5 billion euros
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.
Indonesia's Bakrie Telecom to merge network business with Smartfren
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.
Allergan says has been approached by another party about a deal
Botox maker Allergan Inc (AGN.N), fighting a hostile takeover bid by Valeant Pharmaceuticals Inc (VRX.TO), said on Monday it was approached about a potential transaction by another party, identified as Actavis Plc (ACT.N) by a source familiar with the situation.
Bank of Yokohama says considering merger with smaller rival
Bank of Yokohama Ltd (8332.T), Japan's second-largest regional lender, said on Tuesday it is considering a merger with smaller rival Higashi-Nippon Bank Ltd (8536.T), a major move in an industry urged by regulators to consolidate amid bleak growth prospects.