Reuters News

Pfizer to buy Allergan in $160 billion deal: Reuters

Pfizer Inc, the maker of Viagra and Lipitor, has struck a deal to buy Botox-maker Allergan Plc in a transaction valued at about $160 billion, Reuters News reported.

Patriarch Partners files bankruptcy petition for Zohar I fund

U.S. private equity firm Patriarch Partners LLC said on Sunday it has filed for Chapter 11 bankruptcy protection for Zohar I to protect the debt fund against efforts by MBIA Inc and MBIA Insurance Corp to obtain its assets, Reuters News reported.

CVC, CPPIB near $4.7 billion deal to acquire Petco: Reuters

Private equity firm CVC Capital Partners Ltd and Canada Pension Plan Investment Board (CPPIB) are nearing a deal to acquire Petco Holdings Inc, valuing it at around $4.7 billion, including debt, sources told Reuters News.

Majority stake in real estate firm Clarion on the block, say sources: Reuters

Private equity firm Lightyear Capital is looking to sell its majority stake in real estate investment manager Clarion Partners LLC for around $800 million, sources told Reuters.

Private equity firm CVC nears exit of Spain's Abertis: Reuters

British private equity firm CVC Capital Partners is selling a 6.3 percent stake in Spain's road toll operator Abertis, broker Merrill Lynch said on Thursday, raising over 800 million euros ($858 million).

Investors "swipe right" in Tinder-owner Match's market debut: Reuters

Shares of media mogul Barry Diller's Match Group Inc (MTCH.O), the owner of popular dating site Match.com and mobile app Tinder, jumped as much as 16 percent in their market debut on Thursday, valuing the company at $3.34 billion, Reuters reported.

Square's stock jumps more than 60 percent in market debut: Reuters

Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, rose as much as 64 percent in their market debut on Thursday, offering some hope to startups hoping to go public, Reuters reported.

Caisse to buy stake in Bombardier's rail unit for $1.5 bln: Reuters

Bombardier Inc said that Québec's public pension fund manager is buying a 30 percent stake in its rail arm for US$1.5 billion, putting the company on stronger financial footing as it pushes to launch its long-delayed CSeries jet, Reuters reported. The cash infusion from the Caisse de dépôt et placement du Québec is the second funding deal Montréal-based Bombardier has made in recent weeks.

Ruling exposes Lyondell investors to clawback over 2007 buyout: Reuters

Investors who pocketed $12.5 billion in the 2007 leveraged buyout of Lyondell Chemical Co may have to defend lawsuits by Lydondell creditors seeking to claw that money back, Reuters News reported.

Advent, Bain eye Warburg stake in outsourcing firm QuEST: Reuters

Private equity investors Advent International, Bain Capital and Silver Lake are set to submit final bids for a minority stake worth about $200 million in engineering outsourcing firm QuEST Global Services, Reuters News reported.