It will give G.M. a 20percentt stake in Fiat's auto division, worth $2.3 billion, in exchange for a 5.15percentt share in G.M. for Fiat.
It is to sell its agrochemicals division, worth some euro6 billion ($5 billion).See article: A farewell to 'life sciences'Weyerhaeuser, a forest-products company, failed in friendly talks aimed at buying a rival, Willamette Industries.
9. Philips on Monday reported better-than-expected quarterly profits on cost cutting and strong orders for its US healthcare business, but said the sale of its Lumileds division, worth $3.3 billion, is in doubt, due to US regulators concerns.
The deal will give G.M. a 20percentt stake in Fiat's auto division, worth $2.3 billion, in exchange for a 5.15 percent Fiat stake in G.M. The deal gives Fiat the chance to sell the remaining 80percentt of its car division to G.M. in three and a half years.
Breakingviews estimated the company's PC business, I.T. services and other divisions were worth more than $50 billion in late December, based on valuations of rival firms.
Analysts estimate that the unit, which includes the Rexroth, Dematic and Demag Krauss-Maffel engineering businesses, and its VDO and Sachs auto-parts divisions, is worth between 8 billion euros ($7.8 billion) and 10 billion euros, while the Siemens car-parts unit would add a billion euros, the Frankfurt newspaper reported.
He estimates the two desktop divisions are worth $236 billion, or 86% of the market cap.
Analyst estimates of the division's worth on Monday ranged from $484.5 million to more than $1 billion.
The division is worth about $9.5 billion if ascribed BlackRock's price-to-estimated earnings ratio of just under 19 times.
