Top Actelion shareholder says backs J&J deal above 246 Sfr/share
LONDON (Reuters) – A top-30 investor in Swiss pharmaceutical company Actelion said he would back a takeover approach for the whole company from U.S. rival Johnson & Johnson above 246 Swiss francs.
Trump’s corporate tax holiday could spur pharma M&A
(Reuters) – U.S. President-elect Donald Trump’s plan to incentivize U.S. companies to repatriate their swelling overseas cash piles could spur a new wave of dealmaking in a pharmaceutical industry seeking to buy its way into growth.
GoDaddy to buy Host Europe for $1.82 billion to boost web hosting business
(Reuters) – U.S.-based website domain name provider GoDaddy Inc said on Tuesday it would buy peer Host Europe Group (HEG) for 1.69 billion euros ($1.82 billion), including debt, as it looks to expand beyond the initial set-up of websites.
Alipay expands partnerships to tap Chinese travelers to Europe
BEIJING (Reuters) – Alipay said Tuesday it has partnered with four more financial services providers in Europe, as it looks to tap into Chinese consumers traveling abroad, in a move that could help China’s top online payments platform expand its global…
Toll Brothers revenue growth beats estimates for fifth quarter in a row
(Reuters) – U.S. luxury homes builder Toll Brothers Inc reported a better-than-expected rise in revenue for the fifth quarter in a row, boosted by higher home sales and average selling prices, and also gave an encouraging outlook for next year.
Exclusive: McDonald’s to keep up to 25 percent stake in China, HK stores – source
HONG KONG (Reuters) – McDonald’s Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep “a significant minority stake in the business,” a person with direct know…
Toyota to expand hybrid system development to further cut emissions
TOKYO (Reuters) – Toyota Motor Corp said on Tuesday it will expand the development of its gasoline-hybrid technology over the next five years to speed up the introduction of lower-emission engines in the face of stricter global emissions standards.
Daimler may make electric cars in China to boost sales
STUTTGART (Reuters) – Daimler may make batteries and Mercedes-Benz electric cars in China as part of a drive to manufacture more products locally and to try to boost sales, according to board member Hubertus Troska.
Statoil drops Airbus Super Puma helicopters for good
OSLO (Reuters) – Oil firm Statoil will not resume using Airbus’ Super Puma helicopters even if Norway’s Civil Aviation Authority decides to lift the ban imposed after a fatal crash off Norway in April, the company said on Tuesday.
Nissan’s Infiniti sales on track for record year: global chief
BEIJING (Reuters) – Nissan Motor Co Ltd’s premium Infiniti brand will likely end 2016 with record sales well beyond the 215,000 vehicles it sold worldwide last year, the Japanese brand’s global chief told Reuters.
