The Italian banking foundation Cariverona will consider buying Poste Italiane shares in the planned sale of a stake by the Italian Treasury, its chairman said on Monday. The Italian Treasury plans to sell a stake of...
NCLT rejects JC Flowers’ claim against HDIL, says collateral alone doesn’t meet IBC standards
The National Company Law Tribunal (NCLT) dismissed a liability claim by JC Flowers ARC Pvt Ltd against Housing Development & Infrastructure Ltd. (HDIL), ruling that the debt did not qualify as a “financial debt”...
New York probing legality of Capital One-Discover merger
New York Attorney General Letitia James is investigating whether Capital One’s proposed $35.3 billion takeover of Discover Financial Services violates the state’s antitrust law. James asked a state judge in...
Nikhil Kamath, Stride Ventures acquire minority stakes in media-tech firm Streambox Media
Tech entrepreneur Nikhil Kamath and venture debt fund Stride Ventures have acquired significant minority stakes in Streambox Media, a media-tech venture founded by veteran media executive Anuj Gandhi and backed by...
Japan’s MUFG Bank, Koch Group seek CCI nod to acquire minority stakes in Shiprocket
Japan-based MUFG Bank and American conglomerate Koch Group have sought approval from the Competition Commission of India (CCI) to acquire minority stakes in Zomato-backed Shiprocket. The ecommerce enablement platform is...
US court blocks Tapestry’s $8.5 bn acquisition of rival Capri; win for FTC
A US judge blocked the pending $8.5 billion merger of US handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade Commission that is a likely death blow for the deal. The decision...
Quikrete is in talks to acquire Summit Materials, sources say
Building materials provider Quikrete has approached rival Summit Materials, which has a market value of more than $7 billion, with an acquisition offer, people familiar with the matter said on Thursday. Quikrete, which...
JBS, Sigma vie for Kraft Heinz’s $3 billion hot-dog business, sources say
Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the...
Avangrid sells offshore wind lease to Dominion Energy for $160 million
Avangrid, part of the Iberdrola Group, has completed the sale of its Kitty Hawk North offshore wind lease to Dominion Energy at $160 million, the company said on Thursday. The lease covers Avangrid’s nearly 40,000...
Transocean Discussing Merger With Rival Seadrill as Offshore Downturn Eases
Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with the matter, just as oil explorers around the world are returning to the sea. Discussions are...
HMC Capital to buy data centre group Global Switch Australia in $1.3 bln deal
Asset manager HMC Capital will acquire Global Switch Australia in A$1.94 billion ($1.29 billion) deal, the Australian firm said on Thursday, as the company looks to tap into the booming data centre sector. The data...
Carlyle quits bidding process for Thyssenkrupp marine arm
Private equity firm Carlyle has dropped out of a bidding process for the warship division of stricken conglomerate Thyssenkrupp, the German company said on Tuesday. Carlyle’s withdrawal as a suitor for...
