GE Sells European Private-Equity Finance Unit to Japan's SMBC
General Electric said it has agreed to sell its European
private-equity finance business to Japan's Sumitomo Mitsui Banking
Corp. for about $2.2 billion.
Trian Urges Buildup, Not Breakup
Trian has built a stake of 7.24% in Pentair, a maker of pumps
and valves, and is asking the company to consider buying up
rivals.
Blackstone to Sell Security Services Unit for $1.67 Billion
Blackstone Group L.P. agreed to sell its U.S. security services
business, AlliedBarton, to French investment firm Wendel for about
$1.67 billion.
Chinese Firms Discover Margin Lending's Downside
Some of the biggest losers of China's market selloff are
companies with a relatively small portion of their shares trading
in the market-many those bought using borrowed money.
Risk Adviser, Consulting Firm in Deal to Form $18 Billion Company
Insurance broker and risk advisory firm Willis Group and
professional services group Towers Watson have agreed to an
all-stock merger that values the combined company at $18
billion.
Sony Plans $3.6 Billion Offering
Sony said it would issue new shares for the first time since
1989, part of a $3.6 billion capital-raising plan that highlighted
the potential of its fast-growing sensor business but left some
investors nervous.
Cenovus to Sell Royalty Business
Cenovus Energy agreed to sell its oil-and-gas royalty business
to Ontario Teachers' Pension Plan for about $2.7 billion.
Emerson Electric to Spin Off Network Power
Emerson Electric Co. on Tuesday said it would spin off its
network power business and consider other transactions, a year
after the company launched a strategic review.
Airbus Beats Boeing in Contract for South Korean Refuel Tankers
South Korea plans to buy four Airbus jets to fuel military
aircraft, dealing a blow to Boeing.
Japan's SMBC Nears Deal for GE Europe Private-Equity Finance Unit
Japan's Sumitomo Mitsui Banking is nearing a deal to buy General
Electric's European private-equity finance business, according to
people familiar with the matter.
Samsung's Cheil Industries Promises Better Dividends if Merger Approved
Cheil Industries, Samsung's de facto holding company, said it
would boost dividends and establish a corporate governance
committee -- but only if a merger with Samsung's construction and
trading company is approved.
3G Accelerates Shake-Up Ahead of Kraft-Heinz Merger
H.J. Heinz Co.'s private-equity owner accelerated its shake-up
of Kraft Foods Group Inc.'s management ranks, ahead of a
shareholder vote on approving their combination.
Celgene, Juno in 10-Year Collaboration
Celgene agreed to pay Juno Therapeutics $1 billion as an initial
investment in a 10-year collaboration that is one of the most
ambitious partnerships attempting to harness the immune system to
fight cancer.