Mergers & Acquisitions

RenaissanceRe Holdings Ltd

RenaissanceRe to buy Platinum Underwriters for $1.9 billion

RenaissanceRe Holdings Ltd (RNR.N) said it would buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd (PTP.N) for about $1.9 billion to boost its U.S. business.

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Visteon's e-Bee vehicle concept

Visteon eyes $3.6 billion sale of South Korean unit: reports

U.S. automotive parts maker Visteon Corp (VC.N) has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp (018880.KS) to a local private equity firm for $3.6 billion, Korean media reports said.

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Aviva Plc

Aviva, Friends Life 5.6 billion pound merger plan makes sense: investors

Aviva's potential 5.6 billion pound ($8.8 billion) purchase of Friends Life reflects a need to consolidate and cut costs in Britain's insurance industry, fund managers said.

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Holcim

India regulator says Holcim-Lafarge merger may hurt competition

A planned merger by Switzerland's Holcim Ltd and France's Lafarge to create the world's biggest cement maker might hurt competition in India, the country's antitrust regulator said on Saturday, asking the firms for more details.

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ThyssenKrupp

Thyssen CEO says sale of submarine unit possible

ThyssenKrupp would consider a sale of the group's military submarine business under certain conditions, the German steel maker's chief executive told daily Sueddeutsche Zeitung.

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Brenton Saunders

Global M&A deals cross $3 trillion for first time since 2007

Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors.

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Butchers

Brazil's JBS says $1.25 billion Primo buy to boost Asian sales

Brazil's JBS SA (JBSS3.SA), the world's largest beef exporter, said on Friday its $1.25 billion purchase of Australian processed foods producer Primo Smallgoods would increase its presence in Asia.

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Sao Paulo

Brazil meat company JBS to buy Australia's Primo for $1.25 billion

Brazil's JBS SA (JBSS3.SA), the world's largest beef exporter, has agreed to buy Australian processed foods producer Primo Smallgoods for $1.25 billion.

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Sysco Corp

Sysco close to asset sale to win antitrust nod for US Foods deal

Sysco Corp (SYY.N), the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group (BX.N) in order to win regulatory approval for its acquisition of US Foods Inc [USFOO.UL], the New York Post reported, citing sources.

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Macquarie Group

E.ON, Macquarie in exclusive talks over Spanish ops

Germany's top utility E.ON SE (EONGn.DE) has entered exclusive talks to sell its Spanish activities to Australian infrastructure investor Macquarie Group Ltd (MQG.AX), four sources familiar with the matter told Reuters on Wednesday.

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Fresenius

Fresenius bids for Danone's medical nutrition arm

The German medical group Fresenius (FMEG.DE) and the Permira investment fund PERM.UL have made an offer for the medical nutrition arm of Danone (DANO.PA), The Wall Street Journal reported on Wednesday, citing sources close to the matter.

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Hon Hai Precision Ind. Co., Ltd.

Hon Hai, Innolux to invest $2.8 billion in Taiwan flat-panel plant

Hon Hai Precision Industry Co Ltd (2317.TW), the world's largest contract electronics manufacturer, will partner with flat-panel maker Innolux Corp (3481.TW) in investing T$86.8 billion ($2.8 billion) in a panel-producing plant in Taiwan, the firms said.

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SAP

SAP CEO rules out big acquisitions in next few years

German business software maker SAP is doing an about-face on its acquisition strategy and plans no more big new deals in the next few years, its chief executive said on Wednesday.

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First aid kit

J&J seeks over $5 billion in damages from Boston Scientific at trial

Nearly a decade after losing a bidding war for device maker Guidant to Boston Scientific Corp, Johnson & Johnson finally has a chance for payback at a multibillion-dollar trial set to begin on Thursday.

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DreamWorks SKG

Hasbro board votes to exit DreamWorks merger talks

Merger talks between Hasbro Inc and DreamWorks Animation SKG Inc formally ended on Monday morning, when the toy company's board voted to walk away, according to a person with knowledge of the board's actions.

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