Ares Capital to buy American Capital for $3.4 billion: Reuters

Ares Capital Corp (ARCC.O), an investment company focused on mid-sized firms, is buying smaller rival American Capital Ltd (ACAS.O) in a cash-and-stock deal valued at $3.4 billion to better fill the credit gap created as big banks turn cautious, Reuters News reported.

Bayer defies critics with $62 billion Monsanto offer: Reuters

German drugs and crop chemicals group Bayer has offered to buy U.S. seeds company Monsanto for $62 billion in cash, defying criticism from some of its own shareholders in a bid to grab the top spot in a fast-consolidating farm supplies industry, Reuters News reported.

Mark Wiseman

CPPIB boss Wiseman to leave for role at BlackRock: Reuters

Canada Pension Plan Investment Board‘s (CPPIB) Chief Executive Mark Wiseman will step down to take up a role with BlackRock Inc, the world’s biggest asset manager, Reuters reported. Wiseman, who has transformed the Toronto-based pension fund into one of the world’s most active deal-makers over the past four years, is set to step down next month. He will be replaced by Mark Machin, who heads CPPIB’s international operations.