Sectors
USD450 million to be received by Warner Bros from RatPac-Dune Entertainment
Financing was released by RatPac-Dune Entertainment for about 75 films to Warner Bros. studio. Warner Bros, the studio unit of Time Warner Inc, would be receiving a USD450 million from RatPac-Dune Entertainment LLC to serve as funding for 75 films, including its summer franchise offerings.
J&J receives private equity offers
Johnson & Johnson received numerous preliminary offers from hedge funds interested in acquiring its Ortho Clinical Diagnostics unit, said a Reuters report.
Warner Bros studio enters co-financing deal
Warner Bros Pictures announced on Monday that it had entered a co-financing deal with RatPac Dune Entertainment to finance as many as 75 movies, said a Reuters report.
Perry Corp cuts stake in JC Penney
JC Penney shareholder Perry Corp had reduced its stake in the retailer, according to a filing showed on Monday.