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Alere lawsuit accuses Abbott of ‘buyer’s remorse’ in proposed merger

Alere claims in its complaint that Abbott has avoided responding to a second request by the Federal Trade Commission in a bout of “buyer's remorse” spurred by a desire to free up capital for Abbott's …

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Alere lawsuit accuses Abbott of ‘buyer’s remorse’ in proposed merger

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Goldman seeks to force ex-employee in Fed leak case to arbitrate

Goldman Sachs Group Inc filed a lawsuit on Thursday seeking to force a former managing director to arbitrate his claim for legal fees stemming from probes into his alleged use of confidential …

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Goldman seeks to force ex-employee in Fed leak case to arbitrate

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NYSE sees double-digit Asian IPOs through 2017, with focus on tech

By Elzio Barreto and Steve Garton HONG KONG (Reuters) – The New York Stock Exchange (NYSE) sees technology companies driving a revival in new Asian listings and expects double-digit IPOs through the end of 2017 from the region, the exchange's global head of capital markets said in an interview. New listings should start picking up pace in the…

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NYSE sees double-digit Asian IPOs through 2017, with focus on tech

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SoftBank to buy UK chip designer ARM in $32 billion cash deal

TOKYO/LONDON (Reuters) – SoftBank Group Corp has agreed to buy UK chip designer ARM Holdings PLC in a 24.3 billion pound ($32.2 billion) cash deal, the two sides said on Monday, a bold bet on internet-connected machines that will transform the Japanese group. ARM stands to be central to the …

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SoftBank to buy UK chip designer ARM in $32 billion cash deal

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ExxonMobil launches bidding war for InterOil in PNG gas push

ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New Guinea gasfield, winning the support of its target and topping an offer from Australia's Oil Search Ltd. The bid pits ExxonMobil, the world's biggest oil company, against Total SA, which is backing Oil Search, as the French giant looks to push forward with its planned Papua LNG project to rival ExxonMobil's existing PNG LNG project. Oil Search…

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ExxonMobil launches bidding war for InterOil in PNG gas push

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Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance

NEW YORK/TEL AVIV (Reuters) – Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close “at any time,” even as the companies extended the deadline for completing the transaction to October to allow more time for the U.S. antitrust review. “We …

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Teva says Allergan deal to close ‘any time’, expects U.S. antitrust clearance

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Ratings agency Moody’s says Britain at risk of credit downgrade

By David Milliken LONDON (Reuters) – Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc. Moody's assigned a negative outlook to its 'Aa1' rating for British government debt after a Thursday referendum showed that a clear majority of Britons wanted to leave the EU, prompting Prime Minister David Cameron to announce he would resign. Britain's finance ministry and …

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Ratings agency Moody’s says Britain at risk of credit downgrade

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Sterling pares losses after hitting 31-year low on Brexit

By Sam Forgione NEW YORK (Reuters) – Sterling edged off lows against the U.S. dollar on Friday, recovering slightly from a 10 percent plunge to its weakest in 31 years following Britain's vote to leave the European Union, on reassuring

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Sterling pares losses after hitting 31-year low on Brexit

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Bayer makes move for Monsanto in global agrichemicals shakeout

By Greg Roumeliotis and Mike Stone NEW YORK (Reuters) – German drug and chemicals giant Bayer AG has made an unsolicited takeover offer for Monsanto Co, the world's biggest seed company, as high inventories and low commodity prices spur consolidation in the global agrichemicals industry. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither released proposed deal terms. With Monsanto …

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Bayer makes move for Monsanto in global agrichemicals shakeout

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Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change

U.S. drugmaker Pfizer Inc and Ireland-based Allergan Plc walked away from their $160 billion merger on Wednesday, a major win for President Barack Obama, who has been pushing to curb deals in which companies move overseas to cut taxes. Pfizer said the decision was driven by new U.S. Treasury rules aimed at such deals, called inversions. The merger would have allowed New York-based Pfizer to cut its tax bill by an estimated $1 billion annually by domiciling in Ireland, where tax rates are lower.

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Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change

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