Pirelli is close to deal to sell cable unit to Goldman Fund

Article Abstract:

Pirelli and Company S.p.A. is to divest its cable making unit to a Goldman Sachs Group Inc. investment fund for approximately $1.53 billion, including debt. The telecommunications-cable unit decreased its net loss to 18 million Euro from 56 million Euro, while revenue rose to 430 million Euro from 427 million Euro in 2004.

United States, Telephone and telegraph apparatus, Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Investment banks, Telecommunications equipment industry, The Goldman Sachs Group Inc., Pirelli & Company S.p.A.

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Italy's Star puts itself on the block without adviser

Article Abstract:

Star S.p.A. of Italy is planning to divest without an investment bank adviser. The food company has sales of 450 million Euros ($528 million) and is expecting final bids of between 790 million Euros to 830 million Euros.

Star S.p.A.

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Novartis focused on medicine may shed Gerber

Article Abstract:

Novartis AG of Switzerland is in talks to divest subsidiary Gerber Products Co. of the United States to Nestle S.A. also of Switzerland. The approximate valuation of the baby foods manufacturer is $3 billion.

Canned specialties, Switzerland, Nestle S.A., Baby foods industry, Gerber Products Co., Company overview, Financial report

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