Deals Editor @WSJ. Time, that gave, doth now his gift confound.

J&J Nears Deal to Buy Abbott’s Eye-Surgery Equipment Unit

wsj.com — Abbott Laboratories is in advanced talks to sell its eye-surgery equipment business to Johnson & Johnson as the health-care giants remake their lineups of medical devices. A deal for the Abbott business, formerly known as Advanced Medical Optics, could be announced as soon as Friday, according to people familiar with the matter.

Volkswagen Taking 16.6% Stake in Navistar

wsj.com — Volkswagen AG on Tuesday said it would take a minority stake in Navistar International Corp., a move to broaden the German auto maker's U.S. footprint while expanding its global truck-market operations. VW plans to invest $256 million in Navistar at $15.76 a share-a 12% premium to Friday's closing price-for a 16.6% stake in the company.

Volkswagen to Take 19.9% Stake in Navistar

wsj.com — The companies plan to announce the deal Tuesday, which will come with two board seats for the German automaker, according to a person familiar with the matter. Volkswagen will pay about $16 a share for the stake in Navistar. The Lisle, Ill., company's stock closed Friday at $14.07, giving it a market value of about $1.2 billion.

Mondelez walks away from Hershey takeover

bdlive.co.za — NEW YORK - Oreo cookie and Cadbury's chocolate maker Mondelez International has ended its pursuit of Hershey after the famed chocolatier rebuffed its latest acquisition offer, putting an end to a months-long takeover campaign that would have created the world's largest confection company.

Perella Weinberg Banker Charged in Insider Case

wsj.com — A Perella Weinberg Partners banker and his father have been charged with participating in an insider-trading scheme involving information related to the acquisitions of five health-care companies. The banker, Sean Stewart, and his father, Robert Stewart, "allegedly engaged in insider trading together to the tune of more than $1 million," Manhattan U.S.

Gannett raises its bid for newspaper publisher Tronc

marketwatch.com — Gannett Co. has privately sweetened its bid for Tronc Inc., according to people familiar with the matter, hoping to overcome resistance to a sale from the parent of the Chicago Tribune and Los Angeles Times. Details of the new overture, which comes after Tronc rejected a prior bid of $15 a share, couldn't be learned.

Gannett Sweetens Bid for Chicago Tribune Parent Tronc

wsj.com — Gannett Co. has privately sweetened its bid for Tronc Inc., according to people familiar with the matter, hoping to overcome resistance to a sale from the parent of the Chicago Tribune and Los Angeles Times. Details of the new overture, which comes after Tronc rejected a prior bid of $15 a share, couldn't be learned.

Madison Square Garden takes 12% stake in Townsquare Media

marketwatch.com — Madison Square Garden Co. has taken a stake in Townsquare Media Inc. as part of an effort to cooperate on new live-event opportunities. MSG bought about 3.2 million shares of Townsquare or a 12% stake, from GE Capital, the companies said Wednesday, confirming a Tuesday report by The Wall Street Journal.

Madison Square Garden Takes 12% Stake in Townsquare Media

wsj.com — MSG bought about 3.2 million shares of Townsquare, or a 12% stake, from GE Capital, according to people familiar with the matter. Given Townsquare's market value of about $230 million, the stake is worth nearly $30 million. The companies are expected to announce the transaction Wednesday.

Circle K parent close to deal to buy CST Brands

marketwatch.com — Circle K owner Alimentation Couche-Tard Inc. is nearing a deal to buy CST Brands Inc. in a big move to consolidate the convenience-store industry. Couche-Tard is the likely winner of an auction of CST, according to people familiar with the matter.
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Sep 23, 2016

Inspired by esteemed competitor/pal @jcmccracken: After having a stroke, I’m running a 10K  http://nyp.st/2cwGSXK  via @nypost

Sep 16, 2016

RT @jonathanrockoff: $JNJ close to buying $ABT eye-surgery equipment business. @WSJ reporting. w/ @DanaMattioli and @danacimilluca $ABT bought AMO in 2009

Sep 16, 2016

Jon M. Huntsman Sr.: ‘Liking’ Our Way to a Cure for Cancer  http://on.wsj.com/2cNaK1y  via @WSJ

Sep 14, 2016

RT @DaveCBenoit: Mylan's executive pay on adrenaline too: "They’re clearly very generous.” by @MarkMaremont  http://on.wsj.com/2cGDhpt  https://t.co/7dLhMn0BcV


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