Mergers and Acquisitions

Quest Buys Solstas Lab for $570M

Quest Diagnostics agreed to pay a private equity firm $570 million for Solstas Lab Partners Group, as the testing provider continues to expand its laboratory offerings.

Shell Unloads Australian Assets for $1.1B

Royal Dutch Shell is selling its stake in an Australian natural gas project for $1.14 billion, as the oil giant focuses on more profitable investments.

AOL's Patch May Be Dismantled: Source

AOL shopped its Patch news service for more than a year to various media companies before reaching a deal with private equity firm Hale Global, the FOX Business Network has learned.

Hess to Spin-Off Gas Station Business

The oil and gas company  plans to spin off its gas station business, adding to the list of assets sold after a campaign by activist investor Elliott Management.