AIA Groupis considering a bid for the Asian insurance business of ING, according to Reuters. The deal could be valued at around $6 billion. www.ing.com
Constellation Pharmaceuticals Inc., a Cambridge, Mass.-based developer of drugs that target selective regulators of epigenetic function, has entered into a collaboration agreement with Genentech, a unit of the Roche Group. Constellation will receive $95 million in funding as part of the deal, including both an up-front payment and research funding for a three-year collaboration period. Constellation has raised over $65 million in VC funding from Third Rock Ventures, The Column Group, Venrock Associates, SR One and Altitude Life Science Ventures. www.constellationpharma.com
Metro AG has suspended the auction for German department store chain Kaufhof, according to The Wall Street Journal. Metro had been seeking in excess of $2.5 billion, but reportedly was unable to secure adequate bids.
Pembina Pipeline Corp. (TSX: PPL) has agreed to acquire fellow Canadian energy company Provident Energy Ltd. (TSX: PVE) for C$3.2 billion (US$3.1 billion) in stock.
Royal Bank of Scotland has agreed to sell its aircraft leasing unit to Sumitomo Mitsui Financial Group(70%) and Sumitomo Corp. (30%). No financial terms were disclosed.
Symantec Corp. (Nasdaq: SYMC) has acquired LiveOffice, a Torrance, Calif.–based provider of cloud-based archiving solutions, for approximately $115 million. LiveOffice shareholders included Summit Partners. www.symantec.com
Venoco Inc. (NYSE: VQ) announced that its CEO Timothy Marquez has agreed to acquire the natural gas company for $1.5 billion, or $12.50 per share (63% premium to Thursday’s closing price.www.venoco.com
