The InvITs industry with ₹7 lakh crore of assets under management is seeking M&A-friendly guidelines from regulators for the asset class to be able to attract more investors, several industry executives said. Their...
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Anushka Sharma acquires minor stake in footwear and apparel brand Agilitas Sports
Film actor-producer Anushka Sharma has acquired a minor stake in Agilitas Sports, which makes and retails sports footwear and apparel. Sharma’s husband, cricketer Virat Kohli, is already a co-investor in Agilitas...
Activist Voss Capital urges Sempra to spin off Texas electricity unit Oncor, letter says
Activist investor Voss Capital has urged Sempra to spin off its Oncor electricity unit, creating a high-growth Texas-focused utility unencumbered by the $60 billion energy giant’s predominant California...
Hospitality baron Fertitta expands leisure push with $18 billion Caesars buyout
Hospitality billionaire Tilman Fertitta’s firm will buy Caesars Entertainment in a $17.6 billion deal, the companies said on Thursday, expanding his leisure empire. The deal, which will take one of the Las Vegas...
UK watchdog clears Suzano, Kimberly-Clark $3.4 billion joint venture
Britain’s competition watchdog said on Thursday it would not refer the proposed $3.4 billion joint venture between Brazilian pulp producer Suzano and consumer goods giant Kimberly-Clark for a Phase 2...
Japan state-backed fund considering sale of chipmaking materials maker JSR, sources say
Japan Investment Corp (JIC), a state-backed fund, is considering selling JSR, two people familiar with the matter said, two years after it took the maker of chipmaking materials private in a $6 billion deal. Fujifilm...
Bollore urges UMG to reject Ackman’s $64 billion bid
Bollore CEO Cyrille Bollore on Wednesday urged Universal Music Group to reject Bill Ackman’s takeover proposal, saying the offer undervalued the label, relied on the company’s own cash and did not fit its...
CoStar nears $800 million deal to buy Zonda in housing data push, sources say
CoStar Group, a commercial real estate data and listings company, is nearing a deal to acquire housing‑market data provider Zonda for nearly $800 million from private equity firm MidOcean Partners, according to two...
Apex Service Partners nears minority stake sale at $10 billion valuation, source says
Home services company Apex Service Partners is nearing a minority stake sale that could value it at around $10 billion, including debt, according to a source familiar with the situation. The company, backed by private...
EDF delays Edison stake sale to 2027 as Hormuz crisis drags on, sources say
French utility EDF has postponed a plan to sell a stake in its Italian subsidiary Edison to next year as the disruption to liquefied natural gas supplies due to the Iran conflict drags on, two sources with direct...
PPHE positive on $1.24 billion takeover bid from Israel’s Fattal Hotel Group
Hospitality real estate firm PPHE Hotel Group said on Wednesday it has received a £920.9 million ($1.24 billion) takeover proposal from Israel’s Fattal Hotel Group, deeming the offer to fairly value the business...
Battery maker ProLogium to list on Nasdaq in $3.8 billion SPAC deal
Taiwanese battery maker ProLogium Technology will go public in New York through a merger with blank-check vehicle Translational Development Acquisition Corp in a $3.8 billion deal, the companies announced on Wednesday...
