PARIS Italy's Luxottica and France's Essilor confirmed on Monday plans to agree on a merger worth some 46 billion euros ($48.83 billion) to create a global powerhouse in the eyewear market.
SYDNEY/HONG KONG DUET Group has agreed to recommend an increased $5.51 billion bid from a consortium led by Cheung Kong Infrastructure Holdings, in a deal that is likely to test Australia's appetite for foreign investment in its key energy assets.
SINGAPORE/NEW DELHI SpiceJet is set to seal an order for at least 90 new 737 jets from Boeing, two sources said on Thursday, as the low-cost carrier targets an expansion to tap into the South Asian nation's booming air travel market.
SYDNEY/WELLINGTON Fast-growing Chinese conglomerate HNA Group said on Wednesday it would extend its reach to New Zealand with the purchase of Australia and New Zealand Banking Group's asset finance subsidiary UDC Finance.
Valeant Pharmaceuticals International is selling its Dendreon cancer business and three skincare brands for about $2.12 billion as the troubled Canadian drugmaker looks to pay down its more than $30 billion debt.
MILAN Italy's Luxottica and France's Essilor have agreed a 46-billion euro ($49 billion) merger deal to create a global powerhouse in the eyewear industry, two sources with knowledge of the matter said.
HONG KONG McDonald's Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital.
MONTREAL/NEW YORK American Apparel LLC's made-in-the-U.S. heritage is uncertain after Canadian apparel maker Gildan Activewear Inc won a bankruptcy auction to acquire the edgy fashion retailer for about $88 million in cash.
LONDON Newspaper group Trinity Mirror said it was in early talks about investing in a new company comprising assets owned by Northern & Shell, Richard Desmond's group that owns the Daily Express and Daily Star titles.
FRANKFURT Workers at German steelmaker Thyssenkrupp will refuse to pick up the tab for concessions being offered to British unions by Tata Steel to further a merger, Thyssenkrupp's labour chief told Reuters on Monday.