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KKR to take Envision private for $5.57 billion in healthcare push

The private equity firm saw off competition from peers Carlyle Group (CG.O), TPG Global and others as it sealed the deal for $46 per share – a premium of 5.4 percent to Envision’s last close on Friday. KKR already owns Envision’s AMR, the largest U.S. provider of ambulance services, which it bought for $2.4 billion last year and merged with its helicopter ambulance service. The firm also took WebMD Health Corp (WBMD.O) private for about $2.8 billion. …read more […]

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China’s Jumbo Jet Diplomacy Shows Influence in Trump-Kim Talks

China isn’t officially represented in the historic talks between U.S. President Donald Trump and North Korean leader Kim Jong Un, but that hasn’t stopped Beijing from making its presence felt. Kim arrived in the city state Sunday aboard a Boeing 747 operated by Air China Ltd., China’s state-run flagship carrier. The flight was both a potent display of China’s industrial might — and a message that the country had North Korea’s back. …read more […]