Walgreens tops quarterly profit estimates as Sycamore deal nears completion

Australia’s APM Human Services International Ltd said on Monday it will be acquired by U.S.-based private equity firm Madison Dearborn Partners (MDP) in a deal valuing the company’s equity at A$1.3 billion ($865.2 million). Under the scheme, shareholders will receive A$1.45 cash per APM share, representing a premium of about 16% to APM‘s last close of A$1.25 on May 30. MDP, also the company’s top shareholder, had…

Two of the world’s mining giants are circling each other. Rio Tinto and Glencore confirmed this week that they’re in preliminary talks about merging some or all of their businesses. If it happens, the deal could potentially create one of the largest mining companies on the planet, worth roughly $207 billion. The market’s reaction was…

$2b of Fortescue shares hit the market in a massive block trade. Should investors be concerned about the future? Fortescue Metals Group [ASX:FMG] shares faced a significant setback today as $1.9 billion worth of its shares flooded the market in a massive block trade. The sale, first reported on the Australian Financial Review’s ‘Street Talk’,…