Celsius Holdings said on Thursday it would buy health and wellness drinks brand Alani Nutrition in a $1.8 billion deal through a combination of cash and stock, boosting its portfolio to build on the growing demand for...
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Ping An to sell 42% stake in Autohome to Haier Group for $1.8 billion
Hong Kong-listed Autohome said on Thursday the financial conglomerate Ping An Insurance will cease to be its controlling shareholder after agreeing to sell a 41.91% stake in the company for $1.8 billion. Yun Chen...
Britain’s Frasers drops bid for Norway’s XXL
British sportswear and fashion group Frasers said on Thursday it would not proceed with its bid for Norwegian sporting goods retailer XXL ASA, saying several of XXL’s other large shareholders would not accept the...
NCLT approves Rs 6,000 crore sale of Chenani Nashri Tunnelway to Cube Highways
The National Company Law Tribunal (NCLT) has approved the sale of Chenani Nashri Tunnelway (CNTL), owned by IL&FS Transportation Networks, to Cube Highways and Infrastructure II, clearing the sale of the large asset...
AI startup Humane to wind down wearable pin business, sell assets to HP
Artificial intelligence startup Humane is shutting down its wearable pin business and selling its assets to personal computer maker HP Inc for $116 million after getting disappointing reviews and lack of orders for the...
Canadian Tire to sell Helly Hansen business to Kontoor Brands for $901 million
Canadian Tire said on Wednesday it would sell its premium workwear business Helly Hansen to Kontoor Brands for C$1.28 billion ($901.2 million), as part of efforts to focus on its core business. The transaction is...
Coach parent Tapestry to sell Stuart Weitzman footwear brand for $105 million
Coach parent Tapestry will sell its Stuart Weitzman brand to Dr Scholl’s footwear owner Caleres for $105 million in cash, the companies said on Wednesday. The divestment comes months after Tapestry said it was...
UK’s Rosebank Industries in talks to buy US-based wire harness maker ECI
British investment firm Rosebank Industries said on Wednesday it is in talks to buy US-based Electrical Components International (ECI), which makes wire harnesses, from private equity firm Cerberus Capital Management...
Mediobanca shareholders’ pact reject MPS takeover bid
The shareholders’ pact for Italy’s Mediobanca, representing around 11.6% of the bank’s capital, have rejected Monte dei Paschi di Siena (MPS) takeover bid, a shareholder said on Wednesday after a pact...
DNEG’s Brahma acquires Metaphysic, values company at $1.43 billion
DNEG’s Brahma, a subsidiary of Prime Focus, has acquired Metaphysic, a developer of AI-driven content creation technology, in a deal that values Brahma at $1.43 billion. With this acquisition, Brahma aims to develop new...
Jay Kay Enterprises (JKE) Acquires Majority Stake in JK Tech to Drive AI & Gen AI Innovation
Jay Kay Enterprises (JKE), a leader in high-precision manufacturing for the Defence and Aerospace sector, including advanced digital printing capabilities, has acquired a majority stake in JK Tech, a global provider of...
Northvolt sells heavy industry battery business to truckmaker Scania
Sweden’s Northvolt has agreed to sell a business that makes electric battery packs for heavy industry, one of its few profitable units, to its customer and partner Scania, the two companies said on Tuesday, as the...
