HONEYWELL DROPS $ 90B BID FOR RIVAL
new york » Honeywell abandoned a bid worth more than $ 90 billion for rival United Technologies, saying it did not want to force a deal with an unwilling partner.
United Technologies rejected the offer last week, saying a tie- up of the industrial conglomerates would never be approved by antitrust regulators. Honeywell said it disagreed but that it would not try any further if United Technologies was not willing.
DaVita completes Everett Clinic acquisition. Denver-
based DaVita HealthCare Partners Inc. has finalized its acquisition of The Everett ClinicMedical Group, a 20- site physicians practice with 315,000 patients in the Seattle area, the health care company announced Tuesday.
DaVita paid $ 385 million for the Everett Clinic, according to disclosures made in a recent U. S. Securities and Exchange Commission filings.
DaVita’s announcement of the Everett acquisition in September came on the heels of the kidney care giant snapping up dialysis firm Renal Ventures Ltd. for $ 415 million in August.
SomaLogic lands $ 60.5 million investment. Visium Healthcare
Partners said it will invest as much as $ 60.5 million in SomaLogic Inc. to help the Boulder biotech company advance development of such products as its diagnostic “Wellness Chip,” which can test for a variety of diseases.
“SomaLogic’s proprietary SOMAmer and SOMAscan technologies provide researchers and clinicians with a level of proteomic information that promises to revolutionize how diseases are diagnosed and treated,” Avi Amin, partner of Visium Healthcare Partners, said in a statement. “We believe that SomaLogic is an incredibly compelling emerging health care company and expect that this investment will help accelerate the realization of their ambitious vision and vast potential.”
Facebook Latin American boss arrested B
sao paulo, brazil » Police have arrested Facebook’s most senior executive in Latin America in the latest clash between Brazilian authorities and the social media company over its refusal to provide private information about its users to law enforcement.
A news release Tuesday says Facebook’s vice president for Latin America, Diego Dzodan, was arrested on an order from a judge in the northeastern state of Sergipe. Dzodan is accused of ignoring a judicial order in a secret investigation involving organized crime and drug trafficking.
AT& T says DirecTV won’t need dish, box B
new york » Like other cable and satellite companies, AT& T is trying to win new customers by making it a little easier to sign up for and watch TV.
It said Tuesday that DirecTV packages that run on apps and don’t need a dish or TV set- top box are coming in the fourth quarter. You don’t have to be an AT& T phone customer to sign up.
But it’s hard to gauge how appealing these deals will be because it’s not clear what they are. AT& T, which bought DirecTV last year, isn’t providing details about prices, which channels or video will be available or whether there will be any content blackouts on mobile devices.