Deals of the day- Mergers and acquisitions
Nov 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2120 GMT on Friday:
** Healthcare conglomerate Danaher Corp has teamed up with Blackstone Group LP to bid for Johnson & Johnson's diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch more than $4 billion, according to people familiar with the matter.
** Germany's Boehringer Ingelheim, the world's largest unlisted drugmaker, is looking to expand its animal health business and is set to make an offer for poultry vaccine and feed additives maker Lohmann, two people familiar with the matter said.
The bid will value the company, which is owned by PHW Group, Germany's biggest poultry farmer and owner of the Wiesenhof food brand, at about 400 million euros ($535 million), or 16 times its expected operating earnings, the sources said.
** South African lender Standard Bank confirmed it was in talks to sell a controlling stake in its London-based global markets business, a deal sources have told Reuters would be worth over $500 million. Continued...