Valeant Pharmaceuticals International Inc said it increased its offer for Salix Pharmaceuticals Inc to $10.96 billion in cash, topping Endo International Plc's bid of $10.93 billion in cash and stock for the bowel drug maker.
Deals
Starbucks partners drinks maker Tingyi to expand in China
Starbucks Corp (SBUX.O) will partner Taiwanese drinks maker Tingyi Holding Corp (0322.HK) to produce and sell ready-to-drink (RTD) beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market.
Uber signs auto discount, financing accord with China dealership Yongda
Ride-hailing service Uber Technologies Inc said late on Wednesday it has struck a deal with China Yongda Automobiles Services Holdings Ltd, a Chinese luxury auto dealer, to provide discounts and financing for Uber drivers' cars.
Rakuten to buy U.S. eBook company OverDrive for $415 million
Rakuten Inc (4755.T) plans to buy U.S. eBook company OverDrive Inc for around 50 billion yen ($415 million), the Nikkei business daily reported, the latest in a spate of overseas acquisitions by the Japanese online retailer.
San Bernardino has defaulted on $10 million in bond payments
The southern California city of San Bernardino has defaulted on nearly $10 million in payments on its privately placed pension bond debt since it declared bankruptcy in 2012, according to documents seen by Reuters.
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New Zealand's Fonterra Co-operative Group Ltd (FCG.NZ) said it paid $553 million for a near 20 percent stake in China's Beingmate Baby and Child Food Co. Ltd (002570.SZ), as it looks to boost its presence in the country's branded dairy industry.
A group comprising KKR & Co, Varde Partners and Deutsche Bank are looking to securitize about A$7 billion ($5.33 billion) of debt they acquired from a unit of GE, three sources with knowledge of the matter said.
Bankers running the expected A$3 billion ($2.29 billion) initial public offering of Australian software firm MYOB Ltd, owned by Bain Capital, plan to file a prospectus for the sale by end-March, two people familiar with the matter told Reuters.
A consortium of private equity firm KKR & Co LP (KKR.N), alternative investment manager Varde Partners and Deutsche Bank (DBKGn.DE) has agreed to buy GE Capital's Australian and New Zealand consumer lending arm for A$8.2 billion ($6.26 billion).
Luxembourg's Griffin Real Estate and U.S. investment fund Pimco have agreed to buy Polish billionaire Michal Solowow's 41.55-percent stake in business space developer Echo Investment, the Polish company said late on Friday.
The U.S. Federal Communications Commission on Friday paused its informal 180-day countdown to deciding the fate of two mergers - Comcast Corp's with Time Warner Cable Inc and AT&T Inc's with DirecTV.
Transportation and logistics services company Coyote Logistics LLC is in talks with banks to prepare for an initial public offering, the Wall Street Journal reported on Friday, citing sources.
Uber Inc said on Friday it struck a deal with Chinese automaker BYD Co Ltd to test a fleet of electric cars for its drivers. The test program, which kicked off a few weeks ago in Chicago and could eventually expand to other cities, is the Silicon Valley startup's first attempt to focus on an electric vehicle, said Uber spokeswoman Lauren Altmin."We've seen interest in the program already from current and potential Chicago partners (drivers)," Altmin said.
A real estate arm of a Japanese media group Fuji Media Holdings edged out a fund run by Morgan Stanley (MS.N) and others to buy a hotel holding company from a Japanese government-controlled fund, people involved in the sale said.
