David Welch


David Welch News

  • Ackman Amassed Allergan Stake Under Botox Maker’s Radar

    Bill Ackman’s Pershing Square Capital Management LP amassed almost 10 percent of Allergan Inc. in less than two months without raising many eyebrows at the Botox-maker he’s now targeting in a hostile takeover bid.

  • Barrick-Newmont Merger Talks Said to Hit Snag on Spinoff

    Talks to merge the world’s biggest gold-mining companies, Barrick Gold Corp. and Newmont Mining Corp., broke down three days ago amid minor disagreements that leave open the possibility that a deal could be revived, two people with knowledge of the matter said.

  • Barrick-Newmont Merger Talks Said to Hit Snag on Spinoff

    Talks to merge the world’s biggest gold-mining companies, Barrick Gold Corp. and Newmont Mining Corp., broke down three days ago amid minor disagreements that leave open the possibility that a deal could be revived, two people with knowledge of the matter said.

  • Post Said to Reach $2.5 Billion Agreement for Michael Foods

    Post Holdings Inc. agreed to acquire Michael Foods Group Inc., the processing and distribution business controlled by Goldman Sachs Group Inc.’s private-equity arm, in a $2.5 billion deal, people with knowledge of the matter said.

  • China’s Stock Traders Get Whiplashed Most Since 1995

    Chinese stock traders haven’t been whipsawed like they are now in almost 20 years.

  • Reckitt Benckiser Said to Have Edge for Merck OTC Unit

    In the battle between global consumer-health companies for a multi billion dollar foot-care, allergy and sun-tan lotion business, Reckitt Benckiser Group Plc has advantages that rivals will be hard pressed to match.

  • India’s Sun Pharma to Buy Ranbaxy in $3.2 Billion Deal

    Sun Pharmaceutical Industries Ltd., India’s largest drugmaker by market value, agreed to buy competitor Ranbaxy Laboratories Ltd. for $3.2 billion from Japan’s Daiichi Sankyo Co., which paid 61 percent more for the company five years ago.

  • California Teacher Tenure Seen Doing Permanent Damage

    California laws allowing highly ineffective teachers to keep their jobs impair students for life and should be thrown out, a lawyer told a judge at the end of a two-month trial over whether tenure protections violate a constitutional right to an education.

  • Anixter Sale Said to Falter as Buyers Balk at Price

    An effort to sell Anixter International Inc., the wiring parts maker that counts billionaire Sam Zell among its investors, has stalled as potential buyers reject the company’s price expectations, according to several people familiar with the matter.

  • Flagstone Said to Be Valued at About $1 Billion as It Seeks Sale

    Flagstone Foods, the Minneapolis- based holding company for Ann’s House of Nuts and Amport Foods working with banks to explore a sale, may be valued at about $1 billion, people with knowledge of the matter said.

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