Astellas to acquire Belgian drug-discovery firm for up to €800 million
Astellas Pharma Inc. said Monday it will acquire a full stake in Belgian clinical-stage drug-discovery firm Ogeda SA for up to €800 million ($854 million). The purchase is part of the Tokyo-based pharmaceutical company's strategy to strengthen its long-term growth by buying out firms with ...
Carlsberg A/S, the Danish beer-maker, is weighing the purchase of a 20 percent stake in China's Tsingtao Brewery Co., people familiar with the matter said. The Copenhagen-based company is working with an adviser on a potential bid for the Tsingtao stake being sold by Asahi ...
As demographic trouble looms, Asahi thirsty for overseas deals
Asahi Group Holdings Ltd. wants to grow its overseas business to about a third of sales with more acquisitions as the nation's largest brewer seeks to offset a falling beer market at home. Further acquisitions would follow the company agreeing to buy about $11 billion ...
Political upheavals around world may herald trouble for mega-deals in 2017
As companies brace for the impact of 2016's political shocks and looming elections next year, global appetite for mega-mergers may slow amid the prospect of increased protectionism. The biggest transactions mostly involved buyers and sellers from different countries: Bayer AG's acquisition of Monsanto Co. in ...
Toshiba burning through cash, running out of fixes to plug nuclear hole
Faced with the prospect of a multi-billion-dollar writedown that could wipe out its shareholders' equity, Japan's Toshiba is running out of fixes: it is burning cash, cannot issue shares and has few easy assets left to sell. The Tokyo-based conglomerate, which is still recovering from ...
Asahi bid for SAB assets said to be about $834 million above runner-up
Asahi Group Holdings Ltd. is paying a hefty premium for the business that owns Czech lager Pilsner Urquell, extending a pricey deal-making spree by Japanese companies eager to find new growth overseas. The company's bid for SABMiller Plc's eastern European assets beat the next-highest offer ...
Ajinomoto vying to buy into African dairy and beverage firm Promasidor
Ajinomoto and PepsiCo. are among bidders seeking to buy a stake in African dairy and beverage company Promasidor in a deal that would give them access to its distribution network across the continent, sources said. A deal could value Promasidor at roughly $1 billion, according ...
Hitachi Construction Machinery offers $529 million for Bradken
Hitachi Construction Machinery Co., the world's biggest maker of giant excavators, has offered 689 million Australian dollars ($529 million) to buy Australia's Bradken Ltd. The purchase would be its biggest ever and is likely to boost profit by about 10 percent, Nomura Securities Co. ...
SoftBank's $120 billion debt nears Moody's downgrade trigger
SoftBank Group Corp.'s debt — which is set to swell as its latest global acquisition became effective Monday — is nearing a level at which Moody's Investors Service has said it will consider a rating downgrade. The Japanese wireless carrier's purchase of British semiconductor designer ...
Bank trio arranging ¥1 trillion syndicated loan for SoftBank's acquisition of ARM
Three of the nation's top banks are considering extending a syndicated loan worth ¥1 trillion (about $9.96 billion) to SoftBank Group Corp. in September so it can finance the takeover of British semiconductor company ARM Holdings plc, sources close to the matter said Thursday. The ...
Sony Corp. said it has acquired Britain's dance music label Ministry of Sound Recordings Ltd. in a bid to enhance content for younger consumers in its music entertainment business. Ministry of Sound Recordings originated from a nightclub in South London and was founded in 1993, ...
