Deals of the day-Mergers and acquisitions

Fri Sep 16, 2016 4:00pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds AIG and Abbott; Updates Deustche Bank, Knorr-Bremse)

Sept 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Johnson & Johnson said it would buy Abbott Laboratories' eye care business for about $4.33 billion in cash.

** The Canada Pension Plan Investment Board said it would buy Ascot, American International Group's Lloyd's of London platform, in a deal valued at about $1.1 billion, as it pushes to expand its global presence.

** Infor Inc, a business software company which could be valued at more than $9 billion including debt, is working with Morgan Stanley to handle approaches from buyout firms interested in acquiring a stake, according to people familiar with the matter.

** Canada's Agrium Inc will woo reluctant shareholders next week in Toronto to support its proposed merger with Potash Corp of Saskatchewan Inc, and the company will also seek to appease concerns that it has little to gain by marrying its fertilizer rival.

** Drug maker Depomed Inc is preparing to put itself up for sale, following calls from activist investor Starboard Value LP to explore such a move, just a year after it fought off a hostile acquisition bid, people familiar with the matter said.   Continued...