ANA Holdings and AirAsia are dissolving their joint venture after less than two years. The two airlines had embarked on a joint venture to create Japanese budget airline AirAsia Japan in August 2011. According to a statement by AirAsia, the dissolution of the partnership is due to the airlines' inability to agree on cost management and location issues.
Canadian medical diagnostic services provider LifeLabs Medical Laboratory Services said it will acquire Ontario-based rival CML HealthCare for C$965 million ($917 million). The C$10.75-per-share offer represents a 49% premium to CML's Monday closing price. The deal is wroth C$1.22 billion when accounting for the assumption of C$255 million of debt, according to CML.