Fukoku Life plans to invest $4.6b in higher-yielding assets over next five years


Fukoku will create a new fund this fiscal year to invest in high-yielding, riskier products

Cereal maker Post said to near $1.8b Weetabix deal

Cereal maker Post Holdings Inc. is close to a deal to buy U.K. peer Weetabix.

INCJ looks at bidding for Toshiba chip unit for the first time

The state-backed fund Innovation Network Corp of Japan is looking at the auction of Toshiba Corp’s chip unit but did not participate in first-round bidding, INCJ Chairman Toshiyuki Shiga said on Tuesday. Sources familiar with the matter have told Reuters INCJ may invest in the business as a minority partner… Read more »

S Korea to set up $7b corporate restructuring fund with private participation

Korea Growth Investment Corp has been mandated as manager of the master fund.

Citigroup names Carmen Haddad as new Saudi Arabia CEO

Haddad will continue in her role as CEO of Citigroup’s Qatar operations until a replacement is found

Japan’s Kobe Steel acquires Quintus from Milestone Partners for $115m

Japan’s Kobe Steel Ltd has acquired Swedish industrial equipment company Quintus Technologies AB from private shareholders led by U.S. private equity firm Milestone Partners for about $115million (about 13 billion yen). Post acquisition, Quintus has become a wholly owned subsidiary of Kobe Steel, the Japanese firm said in a press release. Headquartered… Read more »

Toshiba puts decision to sell memory chip business on hold

Toshiba is trying to sell the business to raise much-needed cash

It’s official: Anbang Insurance takeover of Fidelity & Guaranty Life in US fails

Athene is now seen as the favorite to buy FGL.

Buffett’s Berkshire Hathaway HomeServices, Chinese property website Juwai.com team up

The Chinese surpassed Canadians as the largest foreign purchasers of U.S. residential property in 2013.

US telecom players set for M&A talks as regulator may lift ban

In 10 days, the U.S. Federal Communications Commission (FCC) will lift a ban on telecoms companies engaging in merger talks, and Wall Street is betting on T-Mobile US Inc, Sprint Corp and Dish Network Corp to be the first ones out of the gate. Shares of these companies have soared over the… Read more »