Catherine Badour
The Republican-controlled U.S. Congress will begin voting on Tuesday on the biggest overhaul of the U.S. tax system in more than 30 years, with little standing in the way of the party’s first major legislative triumph under President Donald Trump, Reuters reported.
Cominar Real Estate Investment Trust (CUF_u.TO) said on Monday it would sell its non-core property assets to privately held Slate Acquisitions Inc for C$1.14 billion ($885.23 million) to reduce debt and focus on core assets.
The U.S. private equity owner of French vehicle spare parts distributor Autodis [ATDST.UL] is selecting banks for a share sale next year in a deal that could value the business at more than 1 billion euros ($1.2 billion), sources told Reuters.
China’s powerful state planner on Monday issued new rules for overseas investment by private companies, aiming to stamp out instances of firms violating policies, engaging in unfair competition and poor safety and quality management.
Blackstone Group (BX.N) has snapped up an 80-percent stake in property financing company La Trobe Financial for an undisclosed amount, in a move that will help the New York-based investment giant expand in Australia’s lucrative mortgage-lending market, Reuters reported.
Hershey Co (HSY.N), the maker of Reese’s Peanut Butter Cups and Hershey’s Kisses, is nearing a deal to buy SkinnyPop parent Amplify Snack Brands (BETR.N) for $1.6 billion, CNBC reported on Monday.
U.S. health insurer Humana Inc (HUM.N) is in advanced talks to acquire acute care provider Kindred Healthcare Inc (KND.N) in partnership with private equity firms Welsh, Carson, Anderson & Stowe and TPG, Reuters reported.
Bitcoin futures received a lukewarm reception at its launch on the CME Group Inc on Sunday, although market experts believe a recent rally in the cryptocurrency has further to go, Reuters reported.
Wood pellets producer Pinnacle Renewable Energy Inc, owned by Canadian private equity firm Onex Corp (ONEX.TO), wants to raise about C$175 million ($136 million) through a Toronto initial public offering (IPO), sources told Reuters.
The chief of Old Mutual Global Investors (OMGI) Richard Buxton is nearing a 550 million pound buyout of the company, sources told Reuters.