Tag Archives: sources

Exclusive: U.S. Cardinal Health puts $1.5 billion China business on block – sources

HONG KONG (Reuters) – U.S. drug distributor Cardinal Health has put its China business up for sale, drawing keen interest from state-backed Chinese pharmaceutical firms in a deal that may be worth up to $1.5 billion, sources familiar with the matter said. Shanghai Pharmaceutical Holding Co Ltd, China Resources Pharmaceutical Group Ltd and Sinopharm Group Co Ltd are… Read More »

PepsiCo in bid to acquire Vita Coco owner – sources

Soft drink maker PepsiCo Inc (PEP.N) is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday. The acquisition would help PepsiCo diversify its offerings as it grapples with stagnant sales, amid a shift of many consumer… Read More »

Verizon close to Yahoo deal, price cut of $250-350 million – sources

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million (£200.7 million to £281 million) less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade Yahoo to amend… Read More »

Four food firms prepare bids for British cereal maker Weetabix – sources

America’s third-biggest cereal company, Post Holdings (POST.N), and the UK’s Associated British Foods (ABF.L) are among a group of four bidders vying for British cereal brand Weetabix, sources familiar with the matter said on Friday. The 84-year-old business could fetch at least 1.5 billion pounds, based on a valuation of more than 11 times Weetabix’ core earnings, the… Read More »

Exclusive: China insurance regulator tightening new license issuance – sources

China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people with knowledge of the matter. Concerns about the kinds of asset purchases and trading conducted by some insurers and its focus on new solvency… Read More »

Allianz to sell $5 billion life insurance portfolio in Italy – sources

German insurer Allianz (ALVG.DE) is looking to sell a $5 billion portfolio of life insurance policies in Italy, sources familiar with the matter said on Wednesday. Europe’s biggest insurer has picked Goldman Sachs (GS.N) to run the sale of the closed life policies, which no longer accept new business but remain on an insurer’s books as premium paying… Read More »

Sharp, Foxconn to sign deal next week – sources

Sharp Corp (6753.T) and Taiwan’s Foxconn are set to sign a takeover deal next week after repeated delays, with the two sides set to agree on a smaller bailout than originally planned for the troubled Japanese electronics maker, two sources familiar with the talks said on Saturday. The two companies will hold board meetings on Wednesday to approve… Read More »