Deals

Couche-Tard aims for top convenience store spot with Pantry buy

Photo

- Canada's Alimentation Couche-Tard Inc will buy smaller U.S. rival Pantry Inc for about $861 million, a deal that positions it as one of the top convenience store operators in North America.

Photo

Alcatel-Lucent shares jump 8 percent on Nokia merger report 5:13pm GMT

LONDON/HELSINKI - Two of Europe's top three remaining telecommunications equipment companies, Nokia Networks and Alcatel-Lucent , have revived talks on a possible merger, Germany's Manager Magazin reported on Thursday, citing company sources.

EXclusive: Paulson & Co takes stake in Salix on heels of inventory issues - sources 9:04pm GMT

- Hedge fund Paulson & Co has taken a stake in specialty pharmaceuticals company Salix Pharmaceuticals Ltd as the company recovers from inventory issues and the departure of its chief financial officer, according to people familiar with the matter.

Photo

Carrefour closer to Brazil listing with Diniz deal 5:56pm GMT

PARIS/SAO PAULO - Carrefour has sold a 10 percent stake in its Brazilian business to billionaire Abilio Diniz, a step towards a possible separate listing as the world's No.2 retailer looks to raise cash to accelerate growth in its second-largest market.

Fortress looks to sell TRAC Intermodal: sources 10:40pm GMT

- Private equity firm Fortress Investment Group LLC is exploring a sale of TRAC Intermodal LLC, a logistics equipment leasing company that could be valued at more than $1.7 billion, including debt, according to people familiar with the matter.

Aer Lingus rejects takeover approach from British Airways owner 4:53pm GMT

LONDON/DUBLIN - Aer Lingus has rejected a takeover approach from the owner of British Airways , which is keen to gain control of the Irish airline's slots at London's Heathrow Airport.

Mexico's Grupo Bimbo to buy Saputo's Canadian bakery 3:17pm GMT

WINNIPEG, Manitoba/MEXICO CITY - Mexico's Grupo Bimbo SAB de CV , the world's No. 1 breadmaker, has agreed to buy the bakery division of Saputo Inc in its second Canadian purchase this year.

BNP Paribas buys South African JD Group's consumer loans 6:02pm GMT

PARIS - BNP Paribas' personal finance arm has agreed to buy the consumer loans business of South Africa-based JD Group for an undisclosed sum, the French bank said on Thursday.

GTECH offers to buy back 750 million euro 2066 bond 1:52pm GMT

MILAN - Italian gaming company GTECH said on Thursday it was offering to buy back a 750 million euro ($924 million) bond due in 2066 as it gears up for merging with U.S. slot-machine maker International Game Technology .

Carlos Slim's Inbursa to buy Walmex bank business 9:23pm GMT

MEXICO CITY - Grupo Financiero Inbursa , the bank unit owned by billionaire Carlos Slim, on Thursday said it agreed to buy the bank division of Wal-Mart de Mexico .

From Our Partners