Deals of the day-Mergers and acquisitions

April 1, 2015 10:20 AM

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** Japan's Sony Corp halved its stake in camera and endoscope maker Olympus Corp to 5 percent to raise funds for a restructuring drive under which it is boosting investment in sensors and videogames while pulling back from unprofitable segments.

** Dr Reddy's Laboratories Ltd, India's second-largest drugmaker by sales, said it will buy some established brands of Belgian drugmaker UCB SA in India, Nepal, Sri Lanka and Maldives for 8 billion rupees ($128 million).

Also read: PAI Partners expects bids for French lab business Cerba on Decemeber 8: sources

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