Deals Today

	Click to View in Browser 05/12/2014 Hillshire to buy Pinnacle Foods in $6.6 billion deal (Reuters) - Hillshire Brands Co said it would buy Pinnacle Foods Inc for about $6.6 billion including debt, adding products such as Duncan Hines baking mixes to its portfolio that includes Jimmy Dean sausages and Hillshire Farm luncheon meats. Pfizer defends 'powerhouse' Astra deal as CEO braces for grilling LONDON (Reuters) - Pfizer defended the business case behind its plan to acquire AstraZeneca on Monday and questioned the UK drugmaker's ability to stand alone for much longer as the New York-based group's CEO prepared for a grilling from British lawmakers. GE oil chief sees more growth despite Alstom deal NEW YORK (Reuters) - General Electric Co's $16.9 billion bid for Alstom SA's power business will do little to slow down GE's oil and gas division, according to the head of the unit, even though such a transaction could preclude any more big deals by the U.S. conglomerate until after next year. Allergan rejects Valeant Pharma's takeover bid (Reuters) - U.S. medical firm Allergan Inc rejected the unsolicited takeover offer from Valeant Pharmaceuticals International Inc , saying it substantially undervalued the company. Shire buys Lumena Pharma for at least $260 million LONDON (Reuters) - London-listed drugmaker Shire has bought San Diego-based biopharmaceutical firm Lumena Pharmaceuticals, a company with rare disease pipeline assets, for at least $260 million. BSkyB confirms talks with Fox over assets in Germany, Italy FRANKFURT/LONDON (Reuters) - British Sky Broadcasting said on Monday it was in early talks with Rupert Murdoch's 21st Century Fox over the possible acquisition of its pay-TV assets in Germany and Italy, Sky Deutschland and Sky Italia. Franco-German show of unity masks policy divide BERLIN (Reuters) - When leaders need to go out of their way to show the world they are united, it is usually a sign that all is not well. Struggling Malaysian Airline taps banks for restructuring: sources SINGAPORE (Reuters) - Malaysian Airline System Bhd and its key stakeholders are in talks with banks for a strategic overhaul that could include the partial sale of its engineering unit and an upgrade of its ageing fleet, sources involved in the discussions said. As big ad deal falls apart, firms start thinking small NEW YORK/LONDON (Reuters) - The collapse of the $35 billion merger of New York-based Omnicom with France's Publicis is likely to lead the world's biggest ad agencies to think small as they try to counter the challenge from internet giants like Google. Gazprom gas deal with China nearly ready: deputy minister MOSCOW (Reuters) - Russian Deputy Energy Minister Anatoly Yanovsky said on Monday a long-awaited deal for natural gas producer Gazprom to supply China with gas was close to completion. Related Video BSkyB's European bid is a test for new board Infosys president – reversing staff attrition a top priority Related News Rising U.S. economy could help Democrats stave off election loss IMF's Lagarde calls for more ECB stimulus: paper A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend