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Deals Rumor Mill: Old Mutual, Fosun, Johnson & Johnson

Law360, New York (December 7, 2017, 3:20 PM EST) -- The U.K. wealth business of Old Mutual PLC is working with multiple financial advisers on a planned initial public offering that is expected to take place next year, according to a report from Reuters on Thursday. Old Mutual Wealth has tapped Goldman Sachs Group Inc., JPMorgan Chase & Co. and Bank of America Merrill Lynch to lead the IPO, which could value the business at about £2.5 billion ($3.35 billion), the report said. The IPO is one portion of a multipronged process aimed at splitting parent company...
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