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Exclusive: Cancer drugmaker Tesaro attracts takeover interest – sources

February 8, 2017 by · Leave a Comment 

The takeover interest in Tesaro underscores the pharmaceutical industry's strong appetite for the acquisition of biotechnology companies with promising medicines under development in lucrative sectors such as cancer treatment. Tesaro is not actively exploring a sale, the people said this week, noting that there is a significant gap over the company's valuation between Tesaro and potential acquirers.

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Exclusive: Cancer drugmaker Tesaro attracts takeover interest – sources

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China policymakers pledge stability for ‘complex’ year ahead

January 1, 2017 by · Leave a Comment 

China's economy is on a steady growth path as 2016 ends, supported by a housing boom and billions in government investment, but the mood of policymakers is more cautious than celebratory as they face “complexity” in the new year. The central bank – while reaffirming a…

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China policymakers pledge stability for ‘complex’ year ahead

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British pension funds warn on any Fox/Sky deal

December 13, 2016 by · Leave a Comment 

British public sector pension funds on Tuesday called for an “appropriate” premium in any potential deal between Twenty-First Century Fox and Sky as well as for safeguards to protect minority shareholders. Rupert Murdoch's Twenty-First Century Fox Inc aims to table a firm cash bid valuing Sky at 10.75 pounds ($13.66) per share as early as Wednesday …

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British pension funds warn on any Fox/Sky deal

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Sycamore Partners, liquidators bid on bankrupt U.S. teen retailer Aeropostale

August 28, 2016 by · Leave a Comment 

Bankrupt U.S. teen retailer Aeropostale Inc received bids this week for its business from private equity firm Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter. Investment firm Versa Capital Management LLC did not submit a bid for

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Sycamore Partners, liquidators bid on bankrupt U.S. teen retailer Aeropostale

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Exclusive: BP seeks buyers for China petchem JV stake in up to $3 billion deal – sources

August 9, 2016 by · Leave a Comment 

By Arno Schuetze and Denny Thomas FRANKFURT/HONG KONG (Reuters) – British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2-$3 billion, people familiar with the matter told Reuters. BP has hired an investment bank to sell its shareholding in SECCO as part of a drive to cash out of businesses where it lacks control, the people added. A successful deal would mark BP's first significant exit …

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Exclusive: BP seeks buyers for China petchem JV stake in up to $3 billion deal – sources

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Exclusive: WellCare, Centene make offers for Aetna assets – sources

July 10, 2016 by · Leave a Comment 

By Carl O'Donnell and Caroline Humer (Reuters) – WellCare Health Plans Inc and Centene Corp have made competing offers for the Medicare Advantage insurance plans that Aetna Inc looks to shed in seeking clearance for its acquisition of Humana Inc , people familiar with the matter said. The potential divestiture is a central pillar of Aetna's efforts to win over regulators for its $34-billion Humana deal. WellCare and Centene submitted bids this week for…

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Exclusive: WellCare, Centene make offers for Aetna assets – sources

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Exclusive: Medivation succumbs to pressure to explore sale -sources

May 9, 2016 by · Leave a Comment 

U.S. cancer drug maker Medivation Inc has decided to explore a sale following a $9.3 billion acquisition offer from France's Sanofi SA and interest from other companies, people familiar with the matter said on Monday. Pfizer Inc and Amgen Inc are among the companies that have signed non-disclosure agreements with Medivation, which allow them to obtain confidential information about the company, the people said. Sanofi made its

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Exclusive: Medivation succumbs to pressure to explore sale -sources

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Exclusive: Verizon set to make Yahoo’s bidder short list – sources

April 20, 2016 by · Leave a Comment 

Verizon Communications Inc was set on Tuesday to advance to the second stage of bidding for Yahoo Inc's core assets, as the U.S. internet company went through offers to put together a short list, people familiar with the matter said. Verizon submitted its offer with advice from investment banks Guggenheim Partners LLC, LionTree

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Exclusive: Verizon set to make Yahoo’s bidder short list – sources

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Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls

February 24, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – German luxury automaker Audi on Tuesday topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports despite the brand's emissions-cheating scandal while quality problems hurt Tesla Motors Inc's Model S luxury car. Audi was followed by Fuji Heavy Industries' Subaru unit, Toyota Motor Corp's Lexus brand, Porsche and BMW AG . Volkswagen AG's Audi unit was named best overall brand, based on the magazine's road testing, reliability,

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Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls

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Time Inc explores bid for Yahoo’s core business: source

February 24, 2016 by · Leave a Comment 

Time Inc , publisher of Sports Illustrated, People and Time magazines, has been exploring a bid to acquire Yahoo Inc's core Internet business for several weeks, a source familiar with the situation told Reuters on Tuesday. Time Inc has been reaching out to …

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Time Inc explores bid for Yahoo’s core business: source

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