Mergers and Acquisitions

Report: Avon in Talks to Sell N. American Arm to Cerberus

Avon Products Inc is in negotiations to sell its North American arm to Cerberus Capital Management LP, in a deal that would provide a needed cash boost to the cosmetics maker, people familiar with the matter said on Thursday.

Walgreens to Buy Rite Aid for $9.4 Billion

The move would create a drugstore giant at a time when companies in nearly every corner of the health-care industry are seeking to gain advantage from bulking up.

Report: Petco Begins Merger Talks With PetSmart

Petco Holdings Inc is exploring the possibility of being acquired by PetSmart Inc, according to people familiar with the matter, in a merger that could create a company that accounts for 30 percent of U.S. pet specialty supplies stores.