Tenet Healthcare to buy Vanguard Health for $1.73 billion plus debt
(Reuters) – Hospital operator Tenet Healthcare Corp will buy smaller rival Vanguard Health Systems Inc for about $1.73 billion plus the assumption of debt to expand into new geographies, further evidence of consolidation being driven by U.S. President …
KKR funds to buy clinical trial firm PRA International
(Reuters) – Funds managed by KKR & Co LP will buy clinical research group PRA International from Genstar Capital LLC for an undisclosed amount, PRA said on Monday, underscoring growing private equity interest in the contract research industry.
Tesco could face investor revolt over pay report
LONDON (Reuters) – Tesco , the world’s third-biggest retailer, could face a revolt over executive pay at its annual shareholders’ meeting on Friday after an advisory group urged investors to oppose the supermarket group’s remuneration report.
FCC’s insolvent Alpine Bau faces break-up
VIENNA/MADRID (Reuters) – Alpine Bau, the insolvent Austrian arm of Spanish construction group FCC , faces being broken up after the failure of late-night talks to save the company in its current form, putting up to 5,000 jobs at risk.
Volkswagen ponders extra Golf production for holidays
FRANKFURT (Reuters) – Volkswagen is looking for volunteers among its workforce in Wolfsburg, Germany, to build its flagship Golf hatchback during next month’s three-week plant holiday to keep up with customer orders.
Spain resists pressure for swift moves on nationalized banks
MADRID (Reuters) – Spain’s economy minister said on Monday he would not be pushed into selling two nationalized banks too quickly or too cheaply as bankers press the government to act to resolve the lingering problems of its financial system.
French minister comment “absurd, false”: EU’s Barnier
PARIS (Reuters) – European Commissioner Michel Barnier struck back on Monday at a French minister who criticized the European Union’s executive arm, calling his remarks “absurd” and saying France should stop blaming others for its own problems.
Fed, China concerns pressure shares, dollar gains
LONDON (Reuters) – Plans by the U.S. central bank to scale back its money printing combined with fears that China’s policy may be tightening to lift the dollar on Monday, while bonds, shares and commodities extended last week’s losses.
China cash squeeze eases, but bank shares take big hit
SHANGHAI (Reuters) – China’s cash crunch eased further on Monday after the central bank moved to prevent the money market from seizing up, but bank stocks tanked as the authorities made clear that the days of unlimited cheap official funds are over.
Suntory Beverage prices $4 billion IPO near bottom of range
TOKYO (Reuters) – Japan’s Suntory Beverage and Food Ltd will raise 388 billion yen ($4 billion) after it set its IPO price near the bottom of its marketing range, hurt by concerns about its valuation and weak appetite amid market volatility.
