Mergers and Acquisitions

Marathon Oil Sells Norwegian Unit for $2.7B

Marathon Oil agreed to sell its Norwegian assets to Det Norske Oljeselskap in a $2.7 billion deal, as the energy firm continues to strengthen its focus on U.S. production.

Valeant, Pershing Sweeten Allergan Bid

Valeant Pharmaceuticals said it would hike its cash-and-stock offer to buy Botox-maker Allergan -- a move that's backed by Pershing Square's Bill Ackman.

Apple Snags Beats In $3B Deal

Apple inked a deal on Wednesday to buy Beats Music and Beats Electronics, the music streaming and hardware businesses operated by Dr. Dre, for $3 billion. Why Apple Trimmed its Offer for Beats Music

Hess Sells Retail Unit to Marathon for $2.6B

Hess agreed to sell its gas stations and convenience stores to Marathon Petroleum's Speedway for $2.6 billion, as the energy producer turns its attention to drilling.

Darden to Sell Red Lobster Chain for $2.1B

Darden Restaurants agreed to sell its Red Lobster chain to private equity firm Golden Gate Capital for $2.1 billion, as the restaurant operator pushes forward with plans to reshape its portfolio.

Valeant Plans to Improve Offer for Allergan

Valeant plans to unveil an improved offer for Botox maker Allergan later this month, as the Canadian drug company seeks to rally shareholder support for a buyout.