Deals

Valeant, Ackman offer to buy Botox maker Allergan for $47 billion

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- Canada's Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan Inc as it seeks to become one of the world's five biggest drug companies. | Video

Australia's Australand rejects $1.8 billion Stockland takeover proposal 5:11am BST

SYDNEY - Australia's Australand Property Group said on Wednesday it had rejected as undervalued a A$1.95 billion ($1.83 billion) proposal from bigger rival Stockland Group to increase its stake, thwarting Stockland's move to expand its residential business.

South Africa's Sanlam to buy 51 percent in Malaysian insurer for $119 million 10:46am BST

JOHANNESBURG - South Africa's biggest insurer, Sanlam , said on Wednesday it would buy a majority stake in Malaysia's MCIS Zurich Insurance Berhad for about $119 million, further expanding its presence in the southeast Asian nation.

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Brazil airline Azul to order Airbus wide-body jets: sources 4:53am BST

PARIS/SAO PAULO - Azul Linhas Aereas, Brazil's third-biggest airline, is set to announce a fleet expansion on Wednesday including an order for its first wide-body aircraft from European planemaker Airbus , according to two people with knowledge of the deal.

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Comcast nears deal with Charter on $18-$20 billion in divestitures: source 12:31am BST

- Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers to Charter Communications, a source familiar with the matter said Tuesday.

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Exclusive: CIBC, buyout firms circle Russell Investments - sources 22 Apr 2014

NEW YORK/TORONTO - Canadian Imperial Bank of Commerce (CIBC), the fifth largest bank in Canada, and two private equity consortia are exploring offers for global asset manager Russell Investments, according to several people familiar with the matter.

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U.S. to deliver Apache helicopters to Egypt, relaxing hold on aid 5:29am BST

WASHINGTON - The United States said on Tuesday it will deliver 10 Apache attack helicopters to Egypt, relaxing a partial suspension of aid imposed after Egypt's military ousted President Mohamed Mursi last year and cracked down violently on protesters.

Australia orders 58 F-35 Lockheed Martin stealth fighters 4:32am BST

SYDNEY/WASHINGTON - Australia will order 58 more F-35 fighter jets built by Lockheed Martin Corp for A$12.4 billion ($11.61 billion), Prime Minister Tony Abbott said on Wednesday, a purchase that will raise its air combat power to among the world's most advanced.

Popular Inc to sell some mainland U.S. bank branches: WSJ 2:15am BST

- Puerto Rico's largest bank Popular Inc is in advanced talks to sell some of its mainland branches in the United States to multiple buyers, the Wall Street Journal reported Tuesday, citing people familiar with the matter.

Lockheed says costly for Pentagon if it cancels MH-60 helicopters 1:01am BST

WASHINGTON - Lockheed Martin Corp warned on Tuesday that the U.S. Navy's plan to cancel an order for 29 MH-60 helicopters built by Lockheed and Sikorsky Aircraft would result in large termination fees because they are part of five-year agreements signed in 2012.

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