- Charles Schwab, the San Francisco-based brokerage, announced it would acquire TD Ameritrade, amid a collapse in investing costs as providers embrace $0 fees
- Canada’s Kirkland Lake Gold Ltd. announced a C$4.9 billion ($3.7 billion) all-share agreement to buy Detour Gold Corp.
- EBay Inc. is selling its ticket marketplace StubHub to European rival Viagogo for $4.05 billion in cash
Branching Out
- LVMH, the luxury giant that already sells everything from Louis Vuitton bags to Dom Perignon champagne, is adding the 182-year-old U.S. jeweler Tiffany & Co., known for its robin’s egg blue boxes
- Novartis AG agreed to buy Medicines Co. and its promising heart drug for $9.7 billion, the latest move in the Swiss drugmaker’s push to amass novel treatments for complex conditions
- Canadian convenience-store giant Alimentation Couche-Tard Inc. offered A$8.6 billion ($5.8 billion) for fuel retailer Caltex Australia Ltd., sweetening its bid for about 2,000 sites as it seeks to broaden a global expansion
Japan Goes Abroad
- Asahi Kasei is buying Veloxis Pharmaceuticals for $1.3 billion, the latest of a series of deals by Japanese drugmakers
- Mitsubishi Corp. and Chubu Electric Power Co. are expected to buy Eneco of the Netherlands after being selected as the preferred bidders. The deal may help Japan shift toward renewable
This article provided by Bloomberg News.