Account
Onex Corp has called off its auction of medical imaging firm Carestream Health Inc after failing to find a buyer that was willing to meet its price expectation of as much as $3.5 billion, three people familiar with the matter said this week.Bain Capital LLC, the last remaining private equity firm that was talking to Onex about a possible deal, dropped out of the auction this week, the people said. Another interested party, Thomas H. Lee Partners LP, exited the process earlier, they added.Onex is now considering other options for Carestream, with a dividend recapitalization the most likely outcome, one of the people said. Under that scenario, Carestream would borrow money to pay Onex, a Canadian private equity firm, a special dividend.All the people asked not to be identified because the matter is confidential. Representatives of Carestream and Onex did not immediately respond to requests for comment, while Bain and Thomas H. Lee Partners declined to comment.With interest rates at recor...
With its $13.6 billion acquisition of Life Technologies Corp. (LIFE), Thermo Fisher Scientific Inc. (TMO) is expected to enter the competitive but growing market for...
With its $13.6 billion acquisition of Life Technologies Corp. (LIFE), Thermo Fisher Scientific Inc. (TMO) is expected to enter the competitive but growing market for...
U.S. stocks Monday were on track for their worst day in seven weeks, with the Dow industrials at one point falling more than 200 points, after data pointing to a Chi...
FOX Business: Capitalism Lives HereGloomy economic data from China ignited concerns about the global economy, setting off a selloff that cascaded across equity and c...
FOX Business: Capitalism Lives HereA collapse in the metals complex, grim economic data from China, and news of explosions in Boston sent Wall Street diving in the s...
U.S. stocks Monday were on track for their worst day in seven weeks, with the Dow industrials off more than 100 points, after data pointing to a China slowdown and l...
The U.S. stock market plunged on Monday after a disappointing Chinese GDP report sparked fears about slowing global growth.The fear was evident across asset classes,...
Life Technologies (NASDAQ:LIFE) agreed to be scooped up by Thermo Fisher Scientific (NYSE:TMO) on Monday for about $13.6 billion, marking one of the biggest takeover...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
Thermo Fisher Scientific Inc. (TMO) agreed to acquire fellow laboratory-equipment maker Life Technologies Corp. (LIFE) for about $13.6 billion in a move that could e...
Thermo Fisher Scientific said Monday it had agreed to acquire Life Technologies Corp. for about $13.6 billion in cash, or $76 per diluted share, and assume Life Tech...
FOX Business: Capitalism Lives HereU.S. stock-index futures fell solidly into the red Monday as traders responded to gloomy economic data from China and watched comm...
Opengate Capital Group LLC filed a lawsuit on Friday alleging that laboratory equipment maker Thermo Fisher Scientific Inc sold it a Mexican plant last year without ...
A lawsuit filed on Friday alleged that laboratory equipment maker Thermo Fisher Scientific Inc sold a Mexican plant last year without revealing that a drug cartel wa...
The number of potential bidders for Onex Corp's Carestream Health Inc has fallen to two, several people familiar with the matter said, damping hopes of selling the m...
Training The Street’s Scott Rostan on the challenges in spotting potential mergers and acquisitions.
Moody's Investors Service and Fitch Ratings placed their credit ratings on Thermo Fisher Scientific Inc. (TMO) on review for a potential downgrade, after the company...
U.S. stock indexes fell the most in five months Monday, swept up in a rush out of gold, oil and other commodities, after reports from China showed the industrial gia...
The more than $52 billion worth of deals announced on Monday morning made it the busiest "merger Monday" this year, as two large U.S. corporate takeovers underscored...
