Apollo Global , India’s Reliance and P-E firm might buy El Paso’s oil and gas exploration and production unit, reports Bloomberg. Kinder Morgan (KM) is looking to sell the business, to help finance its $21 billion acquisition of El Paso, whose value is estimated at around $8.1 billion.
Investing Insights: Netflix and TiVo Shares Lead Top Stock Price Percentage Winners.
IBM snatches privately held Green Hat. Shares are down premarket, but for an undisclosed amount as it makes another strategic buy in the cloud computing space.
Entropic raised its fourth quarter guidance for earnings per share to $0.11 and for revenue to $56 million, which was above Street forecasts in both cases. The company also says it will place a bid of $55 million for assets of Trident Microsystems’ set-top box chips business.
Express Scripts , despite a tougher position on takeovers being wielded by the United States regulators is expected by traders to win an antitrust approval to buy Medco . The expectation has arisen in response to the creation of the largest United States manager of prescription drug benefits having more leverage to negotiate lower prices for consumers, and rivals would still manage plans for seven of every 10 insured Americans.
Meredith Corp. expanded its concentration into the women-focused media space by acquiring FamilyFun magazine and related assets from Walt Disney Co.’s publishing arm. The magazine, targets mothers with children ages 3 to 12 and focuses on family activities, such as cooking, crafts and travel and has an audience of about 6 million.
To contact the reporter on this story: Tanya Harding at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com
- Kinder Morgan