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Highlights: June 6 - June 11, 2016

Staff writer ▼ | June 13, 2016
The summary of the last week's key headlines and the most interesting stories.
Highlights of the week
WEEK AT A GLANCE  
Electra sells Elian to Intertrust for £435 million

ElianElectra Partners said it had agreed to sell corporate services provider Elian to Intertrust Group for £435 million....

AMG to buy stake in five firms from Goldman Sachs for $800 million

AMGAffiliated Managers Group (AMG) has reached a deal with Petershill Fund I, a group of investment vehicles managed by Goldman Sachs Asset Management, to acquire 100% of Petershill Fund I’s minority equity interests in five alternative investment firms....

Africa is seeking partners for $1 trillion agriculture sector

African farmerAfrica's $1 trillion agriculture sector is seeking partners and a report has been drawn up on how India can benefit....

Apartment rent prices across U.S. from $470 to $3,600

San FranciscoGOBankingRates conducted a study of one-bedroom apartments, comparing everything from median rent prices to the availability of key amenities like parking and washer-dryer access....

Zimmer Biomet Holdings to acquire LDR Holding for $1 billion

BiometZimmer Biomet Holdings and LDR Holding Corporation said that both boards approved a definitive agreement under which Zimmer Biomet will commence a tender offer to acquire all of the outstanding shares of LDR for $37 per share in cash....

U.S. corn inspected for exports rose 36% on week

U.S. cornU.S. corn inspected for exports in the seven days ended June 2 rose 35.73% week on week to 1.067 million mt, according to US Department of Agriculture data....

Amazon to increase investments in India to $5 billion

Jeff BezosAmazon CEO Jeff Bezos said the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion....

U.S. entertainment & media industry spending to reach $720 billion

U.S. entertainmentDespite a relative slower growth projection for the industry at large, PwC's Outlook forecasts U.S. E&M spending to reach $720 billion by 2020, from $603 billion in 2015....

Vodafone to sell unit to Sky Network for $2.4 billion

VodafoneVodafone will sell its New Zealand unit to Auckland-based Sky Network Television for $2.4 billion in shares and cash....

Uruguay generating 98% of electricity from renewables

Uruguay solarNinety-eight percent of Uruguay’s electricity so far this year has come from sources of renewable energy, the president of the state-run electric company UTE said....

Dover to acquire Wayne Fueling Systems in $780 million deal

Wayne Fueling SystemsDover has entered into a definitive agreement under which the company will acquire Wayne Fueling Systems, which is owned by Riverstone Holdings, for $780 million in cash....

92 percent of UK fishermen will vote to leave EU

UK fishermenA new survey of fishermen across the UK has revealed that more than 90 percent will vote in favour of Brexit on June 23....

BP, Det Norske to form joint Norwegian independent producer

Aker BPBP and Det Norske Oljeselskap are combining the assets to create Aker BP ASA, which will become Norway's largest independent oil and gas producer....

Westlake Chemical to acquire Axiall Corporation for $3.8 billion

AxiallWestlake Chemical Corporation will acquire all of the outstanding shares of Axiall Corporation for $33 per share in an all-cash transaction....

Merck to acquire Afferent Pharmaceuticals in $1.25 billion deal

MerckMerck, known as MSD outside the United States and Canada, and Afferent Pharmaceuticals have signed a definitive agreement under which Merck will acquire this privately held pharmaceutical company....

Penn West sells Saskatchewan assets for $1.1 billion

Penn West PetroleumPenn West Petroleum (Penn West) has entered into a definitive agreement for the sale of all of its Saskatchewan assets, including its Dodsland Viking area, for $975 million in cash....

Southwestern Energy to sell 55k Appalachia acreage for $450m

Southwestern EnergySouthwestern Energy Company entered into a definitive agreement with Antero Resources Corporation to sell approximately 55,000 net acres in West Virginia for $450 million....


 

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