New York-based hedge fund Paulson & Co has declared a 6.3 percent stake in Canada's Valeant Pharmaceuticals International Inc, Reuters reported. Paulson, Valeant's biggest stakeholder, had a 5.68 percent stake in the company as of March 31, according to Thomson Reuters data. Last week, billionaire investor John Paulson joined the ailing drug company's board as it restructures to repay debt.
1 min read · 26 June 2017
Swedish buyout group EQT has agreed to buy a 20 percent stake in Otto Bock HealthCare GmbH, valuing the German artificial limb maker at 3.15 billion euros ($3.52 billion), the two parties said on Saturday, Reuters reported.
1 min read · 26 June 2017
Outsourcer Capita (CPI.L) said on Friday it would sell its asset management services arm to Australian financial services firm Link Administration Holdings (LNK.AX) for 888 million pounds ($1.13 billion).
1 min read · 26 June 2017
German truck and trailer parts maker Jost Group plans to list on the Frankfurt stock exchange in the second half of 2017, the group said on Monday.
1 min read · 26 June 2017
German insurer Allianz (ALVG.DE) said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank (OLB) (OLBG.F) to U.S. private equity firm Apollo (APO.N) for 300 million euros ($336 million), Reuters reported.
1 min read · 26 June 2017
Russian billionaire Mikhail Fridman's L1 Retail has agreed to buy health food and supplements chain Holland & Barrett for 1.77 billion pounds ($2.26 billion) from The Nature's Bounty Co. and The Carlyle Group (CG.O), Reuters reported.
2 min read · 26 June 2017
Forestar Group Inc said on Friday top U.S. homebuilder D.R. Horton Inc had sweetened its offer to buy a 75 percent stake in the real estate developer, escalating a bidding war with investment firm Starwood Capital Group.
1 min read · 23 June 2017
Buyout groups Bain Capital and Cinven must wait over the weekend to see whether their takeover bid for the German generic drugmaker Stada (STAGn.DE) has been successful, sources told Reuters.
2 min read · 23 June 2017
U.S. meal kit company Home Chef is exploring options including a potential sale, sources told Reuters, as its biggest competitor, Blue Apron Holdings Inc (APRN.N), prepares to go public and Amazon.com Inc (AMZN.O) circles its turf.
2 min read · 23 June 2017
Sears Canada Inc said it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants, Reuters reported. Existing lenders have agreed to provide up to $450 million in interim financing to help the company controlled by U.S. billionaire hedge-fund investor Eddie Lampert focus on selling discounted designer labels and low-priced clothing. About 78 percent of Sears Canada shares are held by Lampert and others close to the company. Sears Canada has total liabilities of $1.1 billion as of April 29, according to financial disclosures.
2 min read · 22 June 2017
