Valeant purchases Bausch & Lomb to create business unit that can generate US$3.5 billion in net revenue.
Sectors
The Crown Estate and Oxford Properties Enter into Joint Venture
Britain's Crown Estate enters into a joint venture agreement with Canada's Oxford Properties for the redevelopment of the St James district.
Kazakhmys Sells Off MKM
Kazakhmys sells off MKM to an undisclosed buyer. Kazakhmys, the copper mining firm from Kazakhstan, announced last Tuesday that it had sold MKM, its semi-finished copper products business in Germany.
TECO Energy and Continental Energy to Purchase New Mexico Gas
TECO Energy and Continental Energy agrees to purchase New Mexico Gas Co. In an announcement, TECO Energy Inc had said it had entered into a stock purchase agreement with Continental Energy Systems LLC and its unit, New Mexico Gas Intermediate Inc.
Hedge Funds Seek Break Up of Kleinwort Benson
Hedge fund group is seeking to break up Kleinwort Benson for poor performance and 'erratic' management strategy.
Latest News
EFES is affected by law passed by the Turkish government. The largest beermaker in the Middle East is being buffetted in the world's credit markets at the same time Turkish Prime Minister Recep Tayyip Erdogan has been clamping down on sales of alcohol and its attendant advertising.
The Brazilian National Bank would be funding the railroad connection between Ethiopia and South Sudan.
Hikma Pharmaceuticals is prepared to make many acquisitions with the funds it has set aside. Hikma Pharmaceuticals, based out of London, says it has set aside US$600 million to pay for acquisitions it would be making in the Middle East and Africa.
According to its CEO, Majid al Futtaim is earmarking between US$600 million and US$1 billion for acquisitions this year.
Singapore Press would be undertaking the REIT IPO of two malls in its portfolio. Singapore Press Holdings Ltd had announced last Monday that it is planning to list two shopping malls worth Sing$3.
Fiera Capital is pursuing to double its assets through acquisitions of US firms. The Canadian money manager Fiera Capital Corp is planning to increase its assets to more than double the current value of Can$150 billion or US$145 billion through the addition of smaller US firms.
A consortium of Club Med's top shareholders, Fosun International and AXA Private Equity preparing to bid Eur17 per share.
Singapore Exchange is expanding its market by opening a menu of services for yuan denominated transactions.
According to findings by the NY Atty General's office, banks have violated the servicing standards agreement for foreclosures agreed upon last year.
