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Dealmaking Ferrero Tycoon Breaks Decades Of Family Tradition

MILAN – For almost 70 years, family-owned chocolate group Ferrero shunned acquisitions, relying completely on its ability to grow on its own and dream up new...

Exclusive Activist Investor Sachem Head Pushes Whitbread To Consider Break-up -sources

LONDON – Activist investor Sachem Head has asked Whitbread (WTB.L) to consider a break up of its Costa Coffee chain from its hotels and restaurant businesses, two...

Rolls-royce Shares Jump As Commercial Marine Business Goes On Block

LONDON – Rolls-Royce (RR.L) is considering the sale of its loss-making commercial marine business in another shake-up by Chief Executive Warren East that will...

Us Approval To Close Glencores Hna Deal Seen By End-june Sources

LONDON – Swiss trader and miner Glencore (GLEN.L) expects to secure U.S. approval by the end of June on the U.S. portion of a deal to sell a 51 percent stake in...

Rolls-royce Shares Jump As Commercial Marine Unit Goes On Block

LONDON – Britain’s Rolls-Royce (RR.L) is considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas...

Exclusive Jampj Attracts Chinese Interest For Diabetes Business In Potential 3-4 Billion Deal -sources

HONG KONG – Chinese bidders are circling a diabetes care business owned by the world’s largest healthcare company Johnson & Johnson in a deal that could...

Ge Reignites Break-up Talk After 11 Billion Insurance Tax Hit

NEW YORK – General Electric Co (GE.N) indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in...

Ge Renews Break-up Talk After 11 Billion Insurance Tax Hit

– General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care...

Health-conscious Nestle Sells Us Candy To Ferrero For 28 Billion

LONDON/MILAN – Swiss food group Nestle (NESN.S) has agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, it said on Tuesday,...

Greenlights Einhorn Bets On Brighthouse Makes Money On Gm

BOSTON – Hedge fund manager David Einhorn told investors on Tuesday that he made several new bets, including a “large” one on Brighthouse Financial,...