Merger Monday at long last? Spearheaded by British inusrer Prudential buying American International Group’s Asian life insurance unit for about $35.5 billion, the start of the week sees a swathe of deals announced.
Prudential confirms it is in advanced talks to buy the Asian arm of American International Group. The sides are finalizing the terms and financing, which will see Pru launch a $20 billion rights offer.
German pharmaceutical company Merck KGAA agrees to buy Millipore for around $7.2 billion, including net debt.
Oil and gas major Royal Dutch Shell is selling a number of assets, including its European liquid petroleum gas businesses, to fund a 28 billion pound capital spending programme, the FT reports, citing unnamed sources.
U.S. private equity firm TPG has emerged as a front runner to buy Dow Chemical’s Styron plastics business, the Wall Street Journal says, citing several people familiar with the matter.