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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

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Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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March 8, 2012, 3:02 PM ET

BNP Paribas has agreed to sell a 28.7% stake in French real estate company Klépierre to U.S.-basedSimon Property Group for approximately $2 billion.

The California State Teachers’ Retirement System (CalSTRS) said that it would vote to block Kinder Morgan’s proposed $21 billion takeover of El Paso Corp., citing conflicts of interest related to Goldman Sachs’ role in the deal.

E.On, a German utility, has put its waste energy unit on the block, according to Reuters. The deal could generate upwards of €1.8 billion, with Barclays and RBS managing the process.

Pfizer (NYSE: PFE) recently turned down a $16 billion takeover offer for its animal health unit fromNovartis (NYSE: NVS), according to the Wall Street Journal. www.pfizer.com

Xstrata (LSE: XTA) has agreed to buy the non-core coal assets of Canada’s Talisman Energy Inc. (TSX: TLM) for C$500 million in cash. www.xstrata.com

CVC Asia Pacific is looking to sell Australian and New Zealand hotel and resorts operator Mantra Group, according to multiple press reports. UBS, which holds a 40% stake in Mantra, is managing the process, which could generate up to A$600 million.

Sun Capital Partners and EG Capital Group have completed their previously-announced sale of Del Monte Canada to ConAgra Foods (NYSE: CAG). No financial terms were disclosed. Del Monte Canada was formed in January 2006, when Sun Capital led the acquisition of non-core food businesses operated by Kraft that previously were known as CanGro Foods. www.suncappart.com

Vishay Intertechnology Inc. (NYSE: VSH) has acquired HiRel Systems LLC, a Minnetonka, Minn.-based maker of ransformers, inductors, coils, and power conversion products, from CHB Capital Partners andNorthstar Capital. The deal was valued at approximately $85 million. www.vishay.com

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