Bayer (BAYGn.DE) has short-listed India's Lupin (LUPN.NS) and investor BC Partners as prospective buyers of medical skin cream assets in a potential 1 billion euro ($1.1 billion) deal, sources told Reuters.
2 min read · 13 October 2016
Former telecommunications equipment company Nortel Networks Ltd reached an agreement with their various business units on Wednesday to divvy up the US$7.3 billion raised from liquidating the failed company, paving the way for pensioners and creditors to get paid after a seven-year wait, Reuters reported. The Ottawa-based company stumbled from ranking among the world's most valuable companies during the 1990s Internet bubble to bankruptcy in 2009 and liquidation.
3 min read · 13 October 2016
French private equity firm Ardian is set to raise a $500 million fund as it jointly launches a North American direct investment business on Thursday, a source told Reuters.
1 min read · 13 October 2016
Auto parts maker TI Fluid Systems (IPO-TIFU.L) said on Thursday it had cancelled plans to list on the London stock exchange, the latest company to abandon an initial public offering (IPO) and blame volatile markets.
2 min read · 13 October 2016
Anglo American is expected to finalize a $1 billion-plus sale of its prized Australian coal assets to a group headed by private equity group Apollo Global Management in the coming weeks, sources told Reuters.
1 min read · 13 October 2016
Global regulators have published final rules that aim to limit the impact on financial markets if mega banks run into trouble, Reuters reported.
2 min read · 13 October 2016
U.S. photo-sharing app Snapchat has chosen Morgan Stanley (MS.N) and Goldman Sachs Group Inc (GS.N) as lead underwriters for an initial public offering that could come as early as March, Reuters reported.
2 min read · 13 October 2016
Canadian health benefit startup League Inc said on Wednesday it has teamed up with the insurance arm of backer Royal Bank of Canada as it expands into insurance, targeting the many small businesses offering no such benefits to employees, Reuters reported. RBC was among the strategic investors in Toronto-based League's US$25 million ($32 million) Series A financing announced in June. The round was led by OMERS Ventures.
2 min read · 12 October 2016
LPL Financial Holdings Inc, the largest independent broker-dealer and registered investment adviser in the United States, is exploring strategic alternatives, including a potential sale, sources told Reuters.
2 min read · 12 October 2016
Buyout firm BC Partners Ltd is in pole position to acquire a data center business that CenturyLink Inc, a U.S. provider of phone and internet services, is hoping to divest for more than $2.5 billion, sources told Reuters.
2 min read · 11 October 2016
