Deals wrap: HCP’s $6.1 billion acquisition

December 14, 2010

A sign is pictured on Wall St. near the New York Stock Exchange in New York November 25, 2008. REUTERS/Lucas Jackson HCP said it would buy most of the real estate assets of privately held nursing and assisted living firm HCR ManorCare from Carlyle Group in a $6.1 billion sale and leaseback deal. The deal follows a spate of acquisitions in the seniors’ housing and assisted living space.

Japan’s Otsuka Holdings could rise about 5 percent on its market debut on Wednesday after pricing its $2.4 billion IPO conservatively to reflect investor worries about its heavy reliance on profits from one drug.

In Hong Kong, the weak state of the IPO market is seen in Huaneng Renewables’ scrapped IPO plans and Datang’s low-priced IPO, the WSJ reports.

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