Deals

Peers circle Volkswagen's large engines unit: sources

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FRANKFURT Volkswagen has received expressions of interest for a unit making engines used in ships or small power stations, as rivals sense an opportunity to get their hands on the asset as a result of the car maker's emissions scandal, several sources familiar with the matter said.

Canada's Fortis bulks up regulated power business with ITC buy 09 Feb 2016

Canadian utility Fortis Inc said it would buy U.S. power transmission company ITC Holdings Corp for $6.9 billion – its biggest deal ever – to boost its exposure to regulated power markets, which have stable power prices.

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GFI shareholders may pursue lawsuit over aborted merger: judge 09 Feb 2016

NEW YORK Shareholders of the former GFI Group Inc may pursue a lawsuit accusing two top executives of fraudulently causing them to sell their stock prematurely as part of a plan to take the firm's main brokerage unit private, a federal judge ruled on Tuesday.

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CP to seek shareholder support for Norfolk takeover talks 12:02am GMT

Canadian Pacific Railway Ltd said on Tuesday it planned to seek support from Norfolk Southern Corp's shareholders to push the U.S. railroad's board to engage in takeover talks.

Warren Resources may file for bankruptcy if debt talks fail 09 Feb 2016

Oil and gas producer Warren Resources Inc warned it would have to seek bankruptcy protection if talks to reach a debt restructuring agreement fails.

WPX Energy to sell Colorado assets for $910 million; shares rise 09 Feb 2016

Oil and gas producer WPX Energy Inc said on Tuesday it has agreed to sell natural gas assets in Colorado's Piceance Basin for $910 million to a private firm, in a deal viewed by investors as a bright spot in the sluggish market for oil and gas properties.

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Verizon enlists AOL CEO to explore Yahoo deal: Bloomberg 08 Feb 2016

Verizon Communications Inc has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc's assets, Bloomberg reported, citing a person with knowledge of the situation.

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Pfizer unveils management line up for combined company 08 Feb 2016

Pfizer Inc , which agreed to buy Allergan Plc for $160 billion last year, unveiled its management line up for the combined company, once the deal closes in the second half of 2016.

OTG delays IPO amid stock market volatility 09 Feb 2016

Airport restaurant operator OTG EXP Inc said on Tuesday it has delayed its IPO due to unfavorable market conditions.

AGCO not planning to buy stake in Claas' 365FarmNet: CEO 09 Feb 2016

Farming equipment manufacturer AGCO Corp. does not have immediate plans to purchase a stake in 365FarmNet, a farm management company and software platform that is a subsidiary of Germany-based Claas KGaA mbH , AGCO's chief executive said on Tuesday.

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