American International Group Inc (AIG) accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by local conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with political wrangling. The buyer, called Ruen Chen Investment and comprising Ruentex Industries Ltd and shoe maker Pou Chen Corp, signed a deal on Wednesday for the 97.57% of Nan Shan that is for sale, Ruentex said in a statement to the Taiwan stock exchange.
The Chief Executive Officer ofCommunity Health Systems Inc. (CYH) Wayne Smith said he was determined to buy rival hospital operator Tenet Healthcare Inc (THC), but was not inclined to raise the $3.3 billion offer.
US independent medical examinations providerExamWorks Group Inc (EXAM) said it planned to buy Texas-based MES Group Inc for about $200 million in cash and stock, including USD10m in debt. MES’ Veterans Evaluation Services business remains outside the deal. The takeover price comprises USD175m in cash and 1,424,501 ExamWorks shares worth some USD25m. Thermo Fisher Scientific Inc (TMO), the world leader in scientific instruments, is pursuing a sale of two lab-testing divisions that may fetch up to $1 billion. In December, Thermo Fisher agreed to buy Dionex Corp (DNEX.O) for $2.1 billion to broaden its lab equipment and environmental safety offerings and boost its presence in Asia. National Investments Co (NIC) (NINV.KW), a unit of Kuwait’s Kharafi Group and a major shareholder in Zain (ZAIN.KW) said it has not been notified by the group or UAE’s Etisalat (ETEL.AD) about extending Jan. 15 deadline for the 46 percent sale of Kuwaiti telecoms firm.