Exclusive: Apollo Global in the lead to acquire Presidio: sources


- Apollo Global Management LLC is in advanced talks to acquire Presidio Inc in a deal that could value the information technology consulting company at close to $1.3 billion, including debt, according to people familiar with the matter.


U.S. approves GSK's purchase of Novartis vaccine business: companies 7:38pm GMT

WASHINGTON - GlaxoSmithKline won U.S. antitrust approval to buy Novartis AG's vaccine business, with the exception of influenza vaccines, the two companies said on Wednesday.


Croatian retailer Agrokor lines up Rothschild for $5 billion listing: sources 5:06pm GMT

LONDON - Food retailer Agrokor [AGROK.UL], Croatia's largest private firm, has lined up Rothschild [ROT.UL] to advise it on a public listing that could value the business at about 4 billion euros ($5 billion), several sources familiar with the matter said.


Ackman's Pershing Square sees big payoff from Allergan deal 3:11pm GMT

BOSTON - Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014.


U.S. buyout firm Carlyle enters South Africa with tire deal 6:10pm GMT

JOHANNESBURG - Carlyle Group has agreed to buy South African tire retailer Tiger Automotive from Ethos Private Equity, Ethos said on Wednesday, the U.S. buyout firm's first deal in Africa's most developed economy.

Medtronic gets U.S. antitrust OK to buy Covidien with divestiture 9:02pm GMT

WASHINGTON - U.S. antitrust regulators on Wednesday approved a pair of major deals in the medical field, including Medtronic's purchase of Covidien, which will allow it to take advantage of tax breaks in Ireland.

LeapFrog attracts funds betting on either rebound or takeover 4:53pm GMT

NEW YORK - LeapFrog Enterprises Inc, the maker of educational electronics for kids whose missed sales estimates have pushed its shares down 30 percent this year, is attracting some big-name value fund managers who are betting the company will either rebound during the holiday season or be bought by a rival.


Conoco says PDVSA using Citgo sale to hinder arbitration payment: filing 4:48pm GMT

HOUSTON - Venezuela's state-run oil company PDVSA is using the sale of its Citgo Petroleum Corp refining assets to hinder the ability of ConocoPhillips to collect an expected arbitration award, the U.S. oil company said in a Texas court filing.

Tibco merger vote can proceed despite $100 million error: judge 7:06pm GMT

- Tibco Software Inc can proceed with a shareholder vote next week on its proposed $4.2 billion buyout by private equity firm Vista Equity Partners, despite an erroneous share count that initially overvalued the deal by $100 million, a Delaware judge said.


EE owners confirm takeover talks with BT 7:16pm GMT

LONDON - EE's German and French owners confirmed on Wednesday they were in talks to sell Britain's biggest mobile network operator to BT as part of a wider review of its options. | Video

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