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Medco Health Solutions Inc. would not be interested in buying Walgreen Co.’s pharmacy benefit unit because it is too small, Medco’s chief executive said on Friday.
Walgreen has hired Bank of America to sell its pharmacy benefits business, a source close to the situation told Reuters last month. Get the full story »
Baxter International Inc. said Friday that it will pay as much as $285 million to buy a hemophilia drug candidate and other assets from privately held biotechnology company Archemix.
Get the full story »
Chicago-based Sittercity.com, a Web site that matches customers with babysitters and other caregivers, has acquired one of its competitors.
Financial terms of the deal with Virginia-based Sitters.com were not disclosed. Get the full story »
Insurance Business Review | Insurance brokerage and risk management services firm Arthur J. Gallagher & Co. has acquired Behnke & Co., an Illlinois-based retail insurance broker.
Comcast Corp. on Thursday named several executives who will hold top jobs at NBC Universal after the cable company takes control of the broadcaster and movie studio.
Former Showtime President Bob Greenblatt will be chairman of NBC Entertainment, responsible for prime time and late night programming, business affairs and NBC Universal Media studios. Get the full story »
Primo Water Corp. said yesterday in a regulatory filing that it has completed the purchase of Culligan Stores Solutions, a unit of Culligan International Co. of Rosemont for $60 million in cash and $45 million in stock.
The Culligan group generates filtered water for refill vending machines and store-use water services in 4,500 retail stores in the United States and Canada. Culligan also sells empty reusable bottles at the sites. Get the full story »
Denver-based investment bank Headwaters MB has created a financial institutions practice that’ll be headquartered in Chicago and focus on mergers and acquisitions and capital raising for banks with assets of up to $3 billion.
“There’s a significant opportunity to participate in the impending wave of industry consolidation,” said Managing Director Eliot Stark, who before joining Headwaters worked for Chicago-based investment bank Capital Insight Partners. Stark also once served as a corporate development, finance and planning executive for Comerica Bank, where he was involved with dozens of M&A transactions. Get the full story »
Chicago-based digital mapping company Navteq said Wednesday it has acquired a California company that specializes in 3D urban modeling. Terms of the deal were not disclosed. Get the full story »
The European Commission Wednesday cleared consumer-goods giant Unilever PLC to buy Sara Lee Corp.’s personal care unit, but stipulated that the antitrust approval depends on the sale of Sara Lee’s Sanex bath, shower and deodorants brand in Europe. Get the full story »
Reynolds Group Holdings Ltd., maker of aluminum foil and other packaging products, announced Tuesday that it has completed its acquisition of rival Pactiv Corp., paying shareholders $4.6 billion.
Potash Corp. said it was vindicated in its decision to reject BHP Billiton’s offer of $130 a share as too cheap and was in a strong position to grow on its own.
Shares of Potash Corp. have traded consistently above the bid price, closing at $139.91 on Friday.
BHP Billiton scrapped its $39 billion bid for Canada’s Potash Corp. on Sunday and bowed to calls from investors to return cash, a move that came days after regulators blocked the year’s biggest takeover deal. Get the full story »
A Bucyrus 495HR electric mining shovel loads a Caterpillar 793C mining truck at a mine site. (AP/Bucyrus)
Caterpillar Inc., the world’s largest construction and mining equipment maker, said Monday it has agreed to buy Bucyrus International Inc. for $7.6 billion, aiming its sights on rapid growth in emerging markets.
Bucyrus, which is based in South Milwaukee, Wisconsin, makes surface mining equipment used for mining coal, copper, iron ore, oil sands and other minerals. Growth in emerging markets like China, India and Brazil has driven profit many companies as growth in the rest of the world remains slow. Get the full story »
Billionaire investor Carl Icahn said he would vote against Blackstone Group’s proposal to buy Dynegy Inc. and would offer a $2 billion line of credit to the struggling power company.
Icahn and hedge fund Seneca Capital, Dynegy’s two largest shareholders, believe Blackstone’s $543 million bid for the company is too low, threatening the deal. Seneca has argued that the company would have more value on its own, but Dynegy has said it could face dire financial problems. Get the full story »
Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with The Daily Beast, a startup just two years in the making. Beast editor Tina Brown, who led both Vanity Fair and The New Yorker before deciding to give Web publishing a try, will be the editor of both publications.
