Occidental Petroleum [NYSE:OXY] is seeing its investors warm up to its USD 38bn bid for Anadarko Petroleum [NYSE:APC], said two sources familiar with the situation and an Occidental investor.   Management at the Houston-based energy company started meeting with investors after announcing the bid on Wednesday, the sources familiar said. Some of

The sale process of Magellan Health [NASDAQ: MGLN] has advanced to the second round, five sources familiar with the situation said.   The Scottsdale, Arizona-based healthcare services company has wrapped up most of the management presentations with potential suitors, said three of the sources. A few parties, comprising both strategics and financial

Slack Technologies aims to list shares on the New York Stock Exchange this summer at more than double the valuation of its most recent funding round last summer, according to three sources familiar with the matter.   The San Francisco-based work collaboration software maker’s leadership team is targeting a price of approximately USD 25 per share

Major Bristol-Myers Squibb [NYSE:BMY] investor Vanguard Group is still in “relatively early days” of analyzing the pharma company’s proposed acquisition of Celgene [NASDAQ:CELG], said a source familiar with the matter.   The asset management firm, as it does for all contested situations, is following the situation closely, this source said.

Singapore’s Pavilion Energy could show an interest in acquiring Ophir Energy’s [LON:OPHR] 20% interests in Blocks 1 and 4 in Tanzania, Till Hufnagel, partner at activist investor Petrus Advisers, said.   Ophir previously informed Petrus that Pavilion, owned by sovereign wealth fund Temasek, would be interested in acquiring further interest in

Two community advocacy groups are in early discussions about the potential impact of BB&T [NYSE:BBT] and SunTrust Banks’ [NYSE:STI] proposed merger and plan to engage with the banks, leaders of the two groups said.   This week Winston-Salem, North Carolina-based BB&T and Atlanta, Georgia-based SunTrust announced the largest bank merger since the

Asia Flash: Hitachi Chemical and HCM attract attention due to price and timeline of Hitachi’s precedent subsidiary divests   The strong market reaction to the report, which was published after the market closed on 31 January, might reflect the deep discount to fair value at which stocks in Japan, particularly those in which parents hold substantial

Ellie Mae [NYSE:ELLI], a developer of software for mortgage origination, has retained Morgan Stanley to explore a sale, said three sources familiar with the situation.   The sale consideration comes as interested financial sponsors have reached out to the Pleasanton, California-based fintech company in recent weeks, these sources said.   Once

Hitachi [TYO:6501] is in the process of selecting a financial advisor to examine strategic options, including a potential sale of its stake in Tokyo-based functional materials manufacturer Hitachi Chemical [TYO:4217], sources familiar with the situation said.   A beauty parade was held with many investment banks and advisory firms pitching for

The planned merger of Fiserv [NASDAQ:FISV] with First Data [NYSE:FDC] is likely to kick off a round of consolidation among financial software companies and payment processors, five sector advisers said.   A key player in the potential talks will be FIS [NYSE:FIS], Fiserv’s major competitor in banking software, the sector advisors noted. Jacksonville,