J&J, Novartis and Takeda in talks for Brazil's Hypermarcas, sources say

Reuters

Mon, Apr 24, 2017, 10:37 AM

By Tatiana Bautzer and Guillermo Parra-Bernal

SAO PAULO, April 24 (Reuters) - Johnson & Johnson, Novartis AG and Takeda Pharmaceutical Co Ltd are in talks with the controlling bloc of Brazilian drugmaker Hypermarcas SA for a buyout, two people with knowledge of the matter said on Monday.

Families owning investment vehicles Igarapava Participações SA and Maiorem SA de CV, which hold a combined 34 percent of Hypermarcas, hired the investment banking units of Banco Bradesco SA and Credit Suisse Group AG to advise on a sale, said the sources, who requested anonymity because the talks are private. (Reporting by Tatiana Bautzer; Additional reporting by Bruno Federowski; Editing by Chizu Nomiyama)

The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
MarketWatch•1h ago
California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices
In response to California's new $20 minimum wage law, fast food franchises are being forced to rethink their business strategies to stay afloat. Scott Rodrick, who owns 18 McDonald's franchises in the state, is considering measures to manage the increased labor costs without resorting to layoffs, which he sees as a last resort. Don't Miss: 82% of Americans aren’t using this government secured 5% passive income stream, are you one of them? The average American couple has saved this much money for
Benzinga•22h ago
I Was Incredibly Wrong About the Tesla Cybertruck
Unit sales appear considerably below my estimates.
Motley Fool•7h ago
Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange.
CoinDesk•23h ago
The Bond Market Is Sounding Its Most Severe Alarm in Decades, and It Could Mean Trouble for the Stock Market
This bond market indicator has predicted past recessions with near-perfect accuracy since the mid-1960s, and it's sending Wall Street a warning right now.
Motley Fool•7h ago
Silicon Valley and Hollywood worlds collide as David Ellison bids for Paramount
David Ellison, 41, would not be the first rich guy to arrive in Hollywood with a fat bank account and dreams of making movies, though the son of billionaire Oracle founder Larry Ellison boasts the rarest of attributes for a budding media mogul: a Silicon Valley pedigree. In an industry where many get their start fetching coffee or moving props, Ellison spent summers writing computer code for his father's software company and getting insights on the movie business from Pixar Animation Studios co-founder Steve Jobs. Ellison is orchestrating a multi-step transaction that would result in the merger of his independent studio, Skydance Media, with Paramount.
Reuters•5h ago
Time to Pounce: 2 Phenomenal Ultra-High-Yield REITs That Haven't Been This Cheap in Years
The premier name among retail REITs, along with a 14%-yielding REIT that's returned $25 billion to its shareholders since going public, make for sensational buys right now.
Motley Fool•6h ago
Trump poised to clinch $1.3 billion social media company stock award
Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The award will take the former U.S. President's overall stake in the company, Trump Media & Technology Group (TMTG), to $4.1 billion. While Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at $4.7 billion.
Reuters•5h ago
Billionaire Investor David Tepper Has 32% of His Portfolio Invested in These 3 Incredible Artificial Intelligence (AI) Growth Stocks
Do these three AI giants belong in your portfolio, too?
Motley Fool•1h ago
GE Aerospace Surges On Earnings, Outlook After Spinoff
GE stock rallied 5% early Tuesday as GE Aerospace topped quarterly results and raised its operating profit outlook.
Investor's Business Daily•2h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

J&J, Novartis and Takeda in talks for Brazil's Hypermarcas, sources say

Recommended Stories

The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.

California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices

I Was Incredibly Wrong About the Tesla Cybertruck

Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters

The Bond Market Is Sounding Its Most Severe Alarm in Decades, and It Could Mean Trouble for the Stock Market

Silicon Valley and Hollywood worlds collide as David Ellison bids for Paramount

Time to Pounce: 2 Phenomenal Ultra-High-Yield REITs That Haven't Been This Cheap in Years

Trump poised to clinch $1.3 billion social media company stock award

Billionaire Investor David Tepper Has 32% of His Portfolio Invested in These 3 Incredible Artificial Intelligence (AI) Growth Stocks

GE Aerospace Surges On Earnings, Outlook After Spinoff