Casino Guichard-Perrachon SA agreed to sell the real estate underlying 55 of its Monoprix stores for 565 million euros ($655 million), giving the French retailer a much-needed infusion of cash as short sellers circle...
Bloomberg.com
Hedge Fund Backed by California Teachers Makes Bet on Papa John’s
Legion Partners, a hedge fund that was seeded by the California State Teachers’ Retirement System, now controls more than 5 percent of the struggling pizza chain Papa John’s, according to a filing on Monday. Key...
United Technologies Wins U.S. Antitrust Nod for Rockwell
United Technologies Corp. won U.S. antitrust approval for its acquisition of Rockwell Collins Inc. to create an aircraft-parts giant. The Justice Department signed off on the $23 billion deal after the companies agreed...
Mauritian Insurer Plans Acquisitions to Boost Africa Footprint
MUA, a Mauritian insurer with operations in four East African countries, plans to acquire small operators to increase its market share on the continent, Chief Executive Officer Bertrand Casteres said. Expanding in fast...
Telecom Italia Considers Bidding for Nextel in Brazil
Telecom Italia SpA’s Brazil unit is considering making a bid for the country’s fifth-largest mobile phone carrier, Nextel Telecomunicacoes Ltda., to boost its market share and gain spectrum in some metropolitan areas...
KKR Is Said to Sell Oldest Asian Investment for $645 Million
KKR & Co. agreed to sell Singapore hard-drive component maker MMI Holdings Ltd. for about $645 million including debt, people with knowledge of the matter said, exiting the oldest Asian investment listed in its...
AstraZeneca-Backed ADC Therapeutics Weighs IPO, Sale
ADC Therapeutics SA, a Swiss biotechnology company whose backers include U.K. drugmaker AstraZeneca Plc, is in the early stages of exploring options, including an initial public offering, amid growing interest in...
Investors Cash Out of Biotech ETF as M&A Boom Never Materializes
A biotechnology exchange-traded fund is losing cash as investor hopes for merger-fueled growth continue to be dashed. Investors pulled a record $365 million from the $9.3 billion SPDR S&P Biotech ETF, known by its...
Vail CEO Eyes Japan Resort Acquisition in Bid to Lure New Skiers
Vail Resorts Inc. is seeking to add a Japanese property to its portfolio of ski resorts to lure globetrotting snowhounds from Beijing to Sydney to buy the season passes that underpin its businesses. “We see Japan as the...
AltaGas Plans Canadian IPO in Shift to U.S. After WGL Deal
AltaGas Ltd. is intensifying its shift toward the U.S., following up its $4.6 billion takeover of Washington utility WGL Holdings Inc. with a plan to spin off its Canadian assets through an initial public offering. The...
HNA’s Debt Declines for First Time, Shrinking by $8.3 Billion
Though HNA Group Co. managed to reduce one of China’s biggest debt piles by selling off dozens of assets, the embattled Chinese conglomerate will probably need to get much slimmer before regaining the trust of investors...
Craft Vodka Distiller in Finland Says M&A Is Back on His Agenda
The chief executive officer of Altia Oyj says he’s now ready to consider spending money on mergers again after a half-decade hiatus. The Finnish alcohol maker and distributor spent the past five years absorbing the...
