Tag Archives: deal
Wall Street ends near flat after recent highs; healthcare climbs
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks closed little changed on Monday, pausing after hitting record highs last week, but strength in healthcare issues helped to keep declines in check. The S&P 500 healthcare sector climbed 0.7 percent and was the day's best performer. Shares of Theravance jumped 17.9 percent to $41.20 after Irish drugmaker Elan agreed to a $1 billion deal to buy 21 percent of the royalties that Theravance receives from GlaxoSmithKline for its respiratory drugs Continue reading
G7 to press on with bank reforms, gives Japan free pass
Group of Seven finance officials agreed on Saturday to press on with measures to deal with failing banks and gave a green light to Japan’s efforts to galvanize its economy. Continue reading
G7 to press on with bank reforms, Japan escapes censure
Group of Seven finance officials agreed on Saturday to redouble efforts to deal with failing banks and gave a green light to Japan’s drive to galvanize its economy. Continue reading
Lawsuit says Thermo Fisher deliberately concealed information: WSJ
(Reuters) – A lawsuit filed on Friday alleged that laboratory equipment maker Thermo Fisher Scientific Inc sold a Mexican plant last year without revealing that a drug cartel was operating there, the Wall Street Journal reported. The Reynosa, Mexico-based manufacturing facility, part of a larger deal between Opengate Capital Group LLC and Thermo Fisher, was occupied by gangsters from the Gulf Cartel, the Journal reported Saturday. The private equity firm filed the lawsuit in federal court in Los Angeles Continue reading
Selena Gomez Countersues Perfume Co. — You’re The Real Stinker!!!
Selena Gomez believes a lawsuit filed against her by a fragrance co. belongs in the eau de toilette … because the parfumeurs actually owe HER millions after their business deal fell apart — TMZ has learned.As we reported, the perfume company… Continue reading
Exclusive: Bain, Golden Gate nearing deal to buy BMC – sources
BMC Software is nearing a deal to announce a sale to Bain Capital and Golden Gate, two people familiar with the matter told Reuters on Sunday. Continue reading
Kellogg, Hillshire Brands results disappoint
By Martinne Geller (Reuters) – Kellogg Co and Hillshire Brands reported quarterly results on Thursday in line or better than Wall Street estimates, but both food companies' shares fell in early trading. U.S. packaged food stocks have gained more than 21 percent this year as investors look for defensive, high-yield investments and hope for more deal-making following the buyout of H.J Continue reading
Merger of drugmakers Valeant, Actavis on hold: source
Talks are on hold to merge drugmakers Valeant Pharmaceuticals International Inc and Actavis Inc in a deal that would have created a healthcare giant, a person familiar with the situation told Reuters on Saturday. Continue reading
Valeant in talks to buy Actavis for over $13 billion: WSJ
(Reuters) – Canada’s biggest listed drug maker, Valeant Pharmaceuticals International Inc , is in talks to buy generic drugmaker Actavis Inc for more than $13 billion, Wall Street Journal reported, citing people familiar with the matter. The companies had been working towards an all-stock deal, when some of Actavis’ directors came out against it around the middle of this week. But executives on the two sides are still working to resurrect the deal, the journal said Continue reading
