Johnson Controls is looking to sell its automotive electric unit after competitors failed to gain buyout interest.
Sectors
CSM NV returns Eur250 million to shareholders, sells bakery business
CSM NV sold its bakery business to Rhone Capital while returning funds to its shareholders. CSM NV, a firm from the Netherlands, is giving back Eur250 million or $334 million, to its shareholders.
KADI partners up with Paragon
KAGI AG of Switzerland is acquired by Paragon Partners of Germany. (Photo : REUTERS)A man carries a tray of food to pass to the customers in a restaurant.
CareCloud raises $20 million in Series B
CareCloud acquired $20 million in series B funding after Tenaya Capital led the round. (Photo : Reuters)This is a representation of cloud technology. CareCloud acquired $20 million in Series B funding today.
Franklin Templeton gains 100 percent stake at Pelagos Capital
Franklin Templeton completed its buyout of Pelagos Capital Management. (Photo : Reuters)This is the logo of Franklin Templeton Investments. Franklin Templeton Investments finalized a deal to acquire the remaining 80 percent stake of Pelagos Capital Management, an investment firm focused in alternative investments.
Latest News
British bank Lloyds said that there had been no political interference on the firm to sell a total of 632 branches to the Co-operative Group.
According to two sources, Springer Science's owners have entered new and intense discussions with BC Partners after rejecting the latter's previous offered bid.
Itau Unibanco Holding SA announced on Monday acquisition of 51% stake in Cencosud's credit card business.
Canadian restaurant chain, Tim Hortons faces another pressure from activist investor, Scout Capital Management after its announced stake increase in the company by 5.5% from the previous 1.5% as of the end of March.
Johnson & Johnson announced that it would pay US$1 billion to Aragon Pharmaceuticals and its experimental drugs for prostate cancer treatment.
Last Tuesday, Third Point LLC announced that it had raised its stake in Sony Corp to 70 million shares valued at US$1.4 billion.
Starboard's activist image is strengthened as it battles against China's Shuanghui International over its Smithfield Foods Inc. acquisition.
Kabel Deutschland confirms receiving initial offer from Liberty Global priced at Eur7.5 billion according to a British newspaper.
Johnson Controls Inc. is discussing with private equity firms about selling its automotive electronics arm priced at US$1 billion.
