PPR to Sell Rexel to Slash Debt
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Pinault Printemps Redoute entered exclusive talks to sell its Rexel unit to an investment group, transforming the French retailer into a luxury goods
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Drug wholesaler Cardinal Health Inc. Monday set a three-year restructuring plan that involves cutting jobs, closing 25 facilities and buying back $500 million in stock.
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Sallie Mae  said on Wednesday  it plans to sell about $2.5 billion of stock and mandatory  convertible securities to help pay off derivatives contracts  that amounted to a bet that its share price would keep  increasing.
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French luxury goods empire PPR said Thursday it has entered exclusive talks with L'Oreal after the cosmetics giant offered to buy its YSL Beaute unit for 1.15 billion euros (1.68 billion dollars).
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Global news and information provider Reuters Group Plc has agreed to buy loss-making market data firm Moneyline Telerate in a deal worth up to $175million to beef up its presence in fixed income markets.
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Rexel , the world's biggest electrical parts distributor, officially launched its 3.1 billion euro ($4.45 billion) bid for Dutch rival Hagemeyer  on Friday, assisted by privately owned Sonepar.
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The personal computer maker said it planned to sell its slumping cellphone unit so that it could focus on its personal computer business.
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Standard &amp; Poor&#39;s on Tuesday said it may cut the debt rating for Constellation Brands (STZ.N: Quote, Profile, Research) deeper into junk, after the wine and beer distributor said it had launched an unsolicited offer of $970
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Standard &amp; Poor&#39;s on Tuesday affirmed its ratings on French retailer Pinault Printemps Redoute SA (PRTP.PA: Quote, Profile, Research) after the group entered exclusive talks to sell its Rexel(CDME.
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The French government is looking to raise up to â¬5.8bn to help pay its debts by selling some of its France Telecom shares. As this will reduce its shareholding to just over 40 per cent, the move will allow
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Merrill Lynch & Co Inc , buffeted by huge write-downs of mortgage-related securities, said on Monday it would sell most of its middle-market lending business to General Electric Co's  commercial finance arm in a deal to free up capital.
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Pinault-Printemps-Redoute, the owner of fashion brands like Gucci, said that it planned to sell its stake in the equipment parts distributor Rexel.
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MBIA said it would sell $1 billion of debt to preserve capital and the triple-A ratings it needs to operate in a mortgage market under siege.
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Washington-based Danaher Corp. (NYSE: DHR) says it intends to make a cash offer to buy all of the shares of Linx Printing Technologies of Britain for about $158 million including transaction costs.
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Sallie Mae  said on Wednesday it plans to sell about $2.5 billion of stock and mandatory convertible securities to help pay off derivatives contracts that amounted to a bet that its share price would keep increasing.
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Fannie Mae, the nation&#39;s largest buyer of mortgages, said yesterday that it agreed to sell $5 billion of preferred stock to large institutional investors in a rush to meet its regulator&#39;s minimum capital requirements.
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By Urvaksh Karkaria, The Florida Times-Union, Jacksonville  Dec. 20--International Paper said Tuesday it will sell its  Jacksonville-based Arizona Chemical business to Rhone Capital III L.P. for  $485 million, as the paper maker focuses on its uncoated paper and packaging  businesses.