Reuters News

Valeant, Ackman offer to buy Botox maker Allergan for $47 billion-Reuters

Canada's Valeant Pharmaceuticals International Inc said on Tuesday it has partnered with activist investor Bill Ackman in an unsolicited $47 billion bid to buy Botox maker Allergan Inc in a move to eventually become one of the world's five biggest drug companies.

Fosun Pharma, TPG agree to buy Chindex

Chinese drugmaker Shanghai Fosun Pharmaceutical Group Co Ltd and private equity firm TPG Capital are to buy China-focused Chindex International Inc in a beefed-up $461 million deal after trumping a rival bid, writes Reuters. The U.S.-listed healthcare firm signed a sweetened merger agreement after the consortium raised its offer to $24 per share from its original $19.50 per share, Chindex said in a statement late on Monday.

Most NYC listings on Airbnb could be illegal -- AG: Reuters

Two-thirds of the New York City listings on Airbnb, a popular online home rental marketplace, could be illegal, the state attorney general said on Monday in his latest move investigating the venture.

PE firm Ares' IPO likely to raise up to $419 mln: Reuters

Credit investment and private equity firm Ares Management LP's initial public offering is expected to raise up to $419 million, the company said in a filing with the U.S. Securities and Exchange Commission on Tuesday.

Bahrain's Investcorp to acquire Totes Isotoner Corp - Reuters

Bahrain-based alternative investment fund Investcorp said it had agreed to acquire U.S.-based accessories brand Totes Isotoner Corp in partnership with private equity firm Freeman Spogli & Co, writes Reuters. No terms were disclosed for the purchase from MidOcean Partners and Bruckmann, Rosser, Sherrill & Co.

Japan's Orix to buy gold recycler from Baring for $200m - Reuters

Japanese financial services company Orix Corp will buy precious metal, diamond and jewellery recycler Net Japan Co from Baring Private Equity Asia for around 21 billion yen ($204.74 million), writes Reuters. An Orix spokesman confirmed the agreement but declined to comment on terms. Baring, in a statement, said it was selling the company to Orix, but did not disclose the value.

Perfect World joins consortium offering to buy out Shanda Games-Reuters

China's online game developer Perfect World Co Ltd said it joined the consortium offering to buy rival Shanda Games Ltd, Reuters reported.

TPG-led group to make $450 mln investment in Airbnb: Reuters

A group led by private equity firm TPG Capital Management LP has agreed to invest $450 million in Airbnb Inc, valuing the online home-rental marketplace at $10 billion, a source familiar with the matter told Reuters.

Travelocity owner Sabre's IPO prices at $16 per share, says underwriter-Reuters

An initial public offering by travel booking wholesaler Sabre Corp priced at $16 per share, an underwriter said, valuing the owner of the Travelocity website at $3.93 billion.

Goldman Sachs profit falls 11 pct but beats estimates-Reuters

Goldman Sachs Group Inc reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank's shares rose.