M&A
French lensmaker Essilor to buy Italy's Luxottica for $24 bn
17 Jan 2017
French lensmaker Essilor International SA yesterday struck a deal to buy Italy's Luxottica Group SpA, for about €22.8 billion ($24 billion) in stock, in order to become the world’s largest player in the €95-billion eyewear market
Luxottica and Essilor agree on €45-bn merger of equals: report
16 Jan 2017
Italy's Luxottica Group SpA and France's Essilor International plan to create a giant in the global eyewear industry through a merger of equals
KKR to buy Hitachi's power tools unit for $1.3 bn
13 Jan 2017
Founded in 1948, Hitachi Koki manufactures power tools and life-science instruments
France to buy out minority shareholders of Areva
12 Jan 2017
Coty to buy majority stake in online cosmetics retailer Younique for $600 mn
11 Jan 2017
With operations in the US, Canada, Mexico, Australia, New Zealand, the UK, Germany, France, Spain, and Hong Kong and over 4 million consumers worldwide, Younique is expected to generate approximately $400 million in net revenues in 2016
Marissa Mayer, others to quit Yahoo after it becomes ‘Altaba’
10 Jan 2017
Yahoo chief executive officer Marissa Mayer, co-founder David Filo and others plan to resign from the company's board when it completes its $4.8 billion sale to Verizon
Mars to buy veterinary hospital operator VCA for $7.7 bn
10 Jan 2017
Mars, the world’s largest confectionary maker with annual sales of $33 billion, is also the world’s biggest pet food company with a 25 per cent share of the $71.77 billion global pet food market
Japan’s Takeda to buy US cancer drug maker Ariad for $5.20 bn
10 Jan 2017
The deal will give Takeda two innovative precision drugs, including a leukemia drug with sales of $170-180 million last year, and Brigatinib, which could offset any loss of sales due to generic competition to its top-selling blood cancer drug Velcade
Carlyle, Citic to buy majority stake in McDonald's China/HK businesses for $2.08 bn
09 Jan 2017
Under the deal, China’s state-backed conglomerate and Citic Capital Partners will jointly buy a 52 per cent stake, while Carlyle will hold 28 per cent and McDonald’s will retain 20 per cent
Japanese tyre maker Sumitomo Rubber to buy Britain’s Micheldever for £215 mn
06 Jan 2017
The deal comes just a week after Sumitomo Rubber agreed to buy trademark rights of the overseas and sporting goods businesses of Dunlop and Itochu’s acquisition of Kwik-Fit in 2011