M&A Report: ING Divests More Asian Assets, WebMD Keeps Poison Pill

ING Groep (NYSE:ING) pushes its program forward of offloading Asian assets and will divest, as anticipated, its insurance divisions in Macau, Hong Kong, and Thailand to Pacific Century Group for $2.14 billion. The buyer is owned by the Hong Kong businessman Richard Li. ING should see a net gain of €1 billion from the sale, which follows an agreement last week to divest its Malaysian insurance operations for $1.7 billion.

Wanxiang Group will try to outbid Johnson Controls (NYSE:JCI) for the automotive-business assets of A213 Systems (NASDAQ:AONE) and also to supplant the American company as the “stalking horse” bidder. The former told its intentions at a court hearing Thursday, subsequent to A123’s Chapter 11 filing.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

The online heath information company WebMD Health Corp. (NASDAQ:WBMD) will keep its poison pill in effect until October 31, 2014, as it continues to fight off the activist investor Cark Icahn. WebMD is scheduled to report on November 1st.

Don’t Miss: Will This Be the Fall of Japanese Automakers?