Dun & Bradstreet has agreed to be acquired by private equity firm Clearlake Capital for $4.1 billion, the data and analytics provider said on Monday, putting an end to its second stint as a public company after its...
DNA testing firm 23andMe files for bankruptcy as demand dries up
23andMe on Sunday filed for bankruptcy in the U.S. after struggling with weak demand for its ancestry testing kits and a 2023 data breach that damaged its reputation. The company’s shares fell 50% to 88 cents in...
Italy’s Banco BPM secures over 50% of Anima as Caltagirone tenders stake
Italy’s Banco BPM has secured more than half of the capital of Anima Holding in its bid for the fund manager, Reuters calculations showed on Monday, thanks to the stake tendered by a leading Anima investor...
Reliance Industries Limited acquires 74% in Nauyaan Shipyard
Reliance Industries in a regulatory filing said its subsidiary Reliance Strategic Business Ventures (RSBVL) has acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) for ₹1 lakh. “Please note that...
TOMS Capital pushes for Kenvue sale, Bloomberg News reports
Investment firm TOMS Capital Investment Management has amassed a stake in the Band-Aid maker Kenvue and is pushing the company to consider a full sale or separation of some assets, Bloomberg News reported on Sunday...
DNA testing firm 23andMe files for bankruptcy to sell itself; CEO leaves after failed bids
Genetic testing firm 23andMe said on Sunday it filed for Chapter 11 bankruptcy protection in the U.S. to help the $50 million company sell itself and that CEO Anne Wojcicki had resigned after multiple failed takeover...
SBI MF, ICICI Prudential MF, Nippon India MF buy 4.12% stake in TBO Tek for Rs 537 cr
SBI Mutual Fund (MF), ICICI Prudential MF, and Nippon India MF on Friday acquired a 4.12 percent stake in travel distribution firm TBO Tek for Rs 537 crore through open market transactions. TBO Tek is a technology...
Unicommerce acquires shipping automation company Shipway Technology
Ecommerce software company Unicommerce Esolutions has completed the acquisition of the 57.24% stake it did not own in shipping automation services provider Shipway Technology, making it a wholly owned subsidiary. The...
Reliance acquires Nauyaan Tradings, eyes majority stake in shipyard arm
Mukesh Ambani-led Reliance Industries Ltd (RIL) has announced the acquisition of 100 per cent equity stake in Nauyaan Tradings Private Limited (NTPL) through its wholly owned subsidiary Reliance Strategic Business...
IndiGrid to raise Rs 4,200 crore to acquire transmission and solar assets
India Grid Trust (IndiGrid), the country’s first infrastructure investment trust (InvIT), plans to raise about ₹ 4,200 crore to acquire electricity transmission assets, solar power plants and to refinance its existing...
FCC’s Carr Threatens to Block M&A for Companies With DEI
The US Federal Communications Commission is prepared to block mergers and acquisition proposals from companies that promote “invidious” DEI policies, according to chairman Brendan Carr. The move could threaten billions...
China’s Legend explores Banque International a Luxembourg sale, sources say
China’s Legend Holdings is exploring options including a possible sale of its 90% stake in Banque Internationale a Luxembourg (BIL), two people with knowledge of the matter said. Legend, which is listed on the...
