updated - January 27, 2021 Wednesday EST
Avon Products Inc. is in advanced talks to sell its North American business to Cerberus Capital Management LP, a private equity firm, people familiar with the matter told The Wall Street Journal. Barington Capital Group LP, a private equity investor who led a group that collectively owns a three percent stake in Avon, warns the cosmetics maker against the transaction with Cerberus.
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KaloBios Pharmaceuticals, Inc. has announced in a press release that it will be acquiring a benznidazole program from Savant Neglected Diseases, LLC, a privately-held specialty pharmaceutical company. The program is used for the treatment of Chagas Disease.
Motorola Solutions Inc. has announced in a press release that it will be acquiring Airwave Solutions Ltd. for £817.5 million or approximately $1.2 billion. The acquisition expands Motorola’s Managed & Support Services business.
Sandell Asset Management Corp. has released a copy of the letter, published in Business Wire, that it sent to Bob Evans Farms, Inc. board of directors, urging them to consider selling BEF Foods, its packaged foods business, to Post Holdings Inc. Post Holdings, the maker of Honey Bunches of Oats and Grape-Nuts cereal, would be interested in the deal and could potentially pay more than $950 million for the packaged foods business.
Google has announced in a blog post that it will be adding 842 megawatts of renewable energy capacity to power its data centers. The investment is the largest purchase of renewable energy made by a non-utility company.
Barclays PLC has announced in a press release that it will be selling its Italian Retail Banking network of 89 branches to CheBanca!, the retail arm of the Mediobanca Group. The transaction is part of Barclays’ strategy to reduce businesses that are unprofitable or lack scale.
Royal Dutch Shell plc has announced in a press release that its recommended combination with BG Group plc has received approval from the Australian Foreign Investment Review Board (FIRB). The recommended combination now only needs approval from China’s regulatory authorities.
Qualcomm Inc. has announced in a press release that it has entered into a new 3G and 4G China patent license agreement with Xiaomi Inc., a leading Chinese smartphone and Internet company. The announced agreement quells investors’ fears that Chinese vendors are ignoring Qualcomm’s patent licensing.
RadioShack has announced in a press release published in PR Newswire that it has named Nick Cannon, one of the most successful and multi-faceted artists in the entertainment industry today, to be its new chief creative officer (CCO).
Yahoo, Inc.’s board of directors is planning a series of meetings this week to discuss its options regarding the future of the company, people familiar with the plans told the Wall Street Journal.
Great Western Bancorp, Inc. has announced in a press release that it will be acquiring HF Financial Corp. for approximately $139.5 million in a cash and stock transaction. The acquisition of HF Financial, the holding company and parent of Home Federal Bank, solidifies Great Western’s market leadership in Sioux Falls.
Samsung Electronics Co. Ltd. has appointed Koh Dong Jin, who previously worked on Samsung’s Pay and Knox, as the new president of mobile communications, according to a report from Bloomberg.
The Swatch Group Ltd. has announced in a press release that Swatch SA has signed an agreement with Visa, Inc. and Visa Europe about a partnership. The partnership will allow Visa cardholders in the U.S., Switzerland and Brazil the ability to tap and pay with Swatch’s new “pay-by-the-wrist” watch called Swatch Bellamy.
Anheuser-Busch InBev (AB InBev) is planning to sell the Peroni and Grolsch brands that it would gain following its acquisition of SABMiller PLC, a person familiar with the matter told the Financial Times. The proposed transaction is AB InBev’s attempt to head off European regulatory concerns that may arise with its merger with SABMiller.
Rupert Murdoch, the executive chairman of News Corp., said in a tweet on his Twitter account that he had “strong word” that Tribune Publishing Co.’s newspaper group will bought by a “big Wall Street firm.” He also said that the Los Angeles Times would be split off and be purchased by philanthropist Eli Broad and local group.
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