Deals Today

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	11/21/2011
Hello Gilead Sciences struck a deal to buy Pharmasset for about $11 billion in a huge bet on hepatitis C treatments to diversify its portfolio. Property and casualty insurer Alleghany said it would buy reinsurer Transatlantic Holdings for $3.4 billion in cash and stock, possibly putting an end to the months-long buyout battle for the reinsurer. "Warren Buffett, who invested $23.9 billion for his Berkshire Hathaway in the third quarter, said the company could spend as much as $10 billion on its next acquisition," Bloomberg reports. "Delphi Automotive, the US car parts maker that went public last week after a long post-bankruptcy restructuring, is seeking acquisitions to boost its Asia-Pacific presence and expand its core businesses," the Financial Times reports. Ted Forstmann, the billionaire private equity investor and philanthropist, died on Sunday of brain cancer. He was 71. LATEST NEWS Gilead to buy Pharmasset for $11 billion (Reuters) - Gilead Sciences Inc struck a deal to buy Pharmasset Inc for about $11 billion in a huge bet on hepatitis C treatments to diversify its portfolio. | Full Article Alleghany to buy Transatlantic for $3.4 billion November 21, 2011 08:46 AM ET (Reuters) - U.S. property and casualty insurer Alleghany Corp said it would buy reinsurer Transatlantic Holdings for $3.4 billion in cash and stock, possibly putting an end to the months-long buyout battle for the reinsurer. | Full Article Delphi Automotive eyes acquisitions: report November 21, 2011 12:24 AM ET LONDON (Reuters) - U.S. auto parts supplier Delphi Automotive Plc is seeking acquisitions to boost its Asia-Pacific presence and expand its core businesses, the company's chief executive said in an interview to the Financial Times on Monday. | Full Article Olympus: no criminal links found in M&A deals November 21, 2011 08:36 AM ET TOKYO (Reuters) - Olympus Corp said on Monday a third-party panel it appointed to examine its mergers and acquisitions had found no funds from the deals had flowed to "anti-social forces," a euphemism for organized crime, nor had crime syndicates participated in the deals. | Full Article Pearson to buy English teaching firm in China November 21, 2011 05:25 AM ET LONDON (Reuters) - British publishing group Pearson Plc agreed to buy China's Global Education and Technology Group , which prepares students for English-language tests, for $155 million in cash, extending its reach in China from eight cities to 60. | Full Article TOP NEWS Deficit-cutting effort ends with whimper November 21, 2011 09:16 AM ET WASHINGTON (Reuters) - Washington's most ambitious effort in years to come to grips with its mounting debt is set to end with a whimper on Monday as negotiators plan to announce they have failed to reach a deal. | Full Article Death toll hits 33 on third day of Egypt clashes November 21, 2011 09:48 AM ET CAIRO (Reuters) - Cairo police fought protesters demanding an end to army rule for a third day on Monday and morgue officials said the death toll had risen to 33, making it the worst spasm of violence since the uprising that toppled President Hosni Mubarak. | Full Article Global economic outlook grim, China tells U.S. trade talks November 21, 2011 06:31 AM ET CHENGDU, China (Reuters) - Chinese Vice-Premier Wang Qishan warned on Monday the global economy is in a grim state and the visiting U.S. commerce secretary said China would spend $1.7 trillion on strategic sectors as Beijing seeks to bolster waning growth. | Full Article NYC police arrest "lone wolf" in bomb plot November 21, 2011 10:42 AM ET NEW YORK (Reuters) - New York police arrested a 27-year-old man they called a "lone wolf" militant on charges of plotting to build bombs to kill American soldiers returning from Iraq and Afghanistan. | Full Article Pressure for fast action after Spain election November 21, 2011 10:27 AM ET MADRID (Reuters) - A landslide conservative win in Spain's election failed to calm markets on Monday and Prime Minister elect Mariano Rajoy was under pressure to end uncertainty by giving rapid details of his policies to combat the worst economic crisis for decades. | Full Article TECHNOLOGY NEWS Olympus: Panel finds no criminal links yet in M&A deals Retailers adapt as mobile holiday shopping booms India federal police raids Bharti, Vodafone offices Secretive North Korea opens up to cellphones China Mobile says total subscribers rose to 638.89 million in October RELATED VIDEO Charts show French bonds below danger level, for now German stocks seen appealing amid euro zone turbulence Qantas dispute heads for arbitration A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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