David Welch News
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All company founders will fight to keep their jobs, maybe none more so than Barry Portnoy and his son Adam.
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JPMorgan Chase & Co., the largest U.S. bank by assets, named Chris Ventresca and Hernan Cristerna as co-heads of global mergers and acquisitions.
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Pamplona Capital Management LLP agreed to buy Coinmach Service Corp., the biggest laundry- equipment service provider in the U.S., and Air-Serv Group LLC in a transaction valued at $1.4 billion.
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Actavis Inc. rejected a cash-and- stock offer from fellow generic drugmaker Mylan Inc. for $15 billion, deciding instead to pursue talks to take over Warner Chilcott Plc, said people familiar with the matter.
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AstraZeneca Plc and Cubist Pharmaceuticals Inc. are among the suitors that made first-round bids for Optimer Pharmaceuticals Inc., the antibiotics maker weighing a sale, said people familiar with the matter.
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Actavis Inc., the largest U.S. maker of generic drugs by market value, said it’s in “early stage discussions” to buy Warner Chilcott Plc, the drugmaker that unsuccessfully pursued a sale last year.
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ICU Medical Inc., the San Clemente, California-based producer of intravenous medical equipment, is weighing a sale that may fetch more than $1 billion, said people familiar with the matter. The shares rose to their highest closing price since first being sold to the public 21 years ago.
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TPG Capital and Warburg Pincus LLC are exploring a sale or public offering of Neiman Marcus Group Inc. eight years after acquiring the luxury retailer, according to two people familiar with the matter.
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Credit Suisse Group AG named Michael Muntner and Charlie Newton as co-heads of its Americas health- care banking team.
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Rexnord Corp. is ending the search for a buyer after bids for all or parts of the industrial-components maker failed to meet expectations, said people familiar with the matter.
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