Swiss testing and inspection group SGS has ended talks over a potential $30 billion merger with French rival Bureau Veritas after the two sides failed to reach agreement over the deal, it said on Monday. “SGS and...
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Utility firm Eversource to sell water supply unit in $2.4 billion deal
Eversource Energy said on Monday it has agreed to sell its public water supply unit in a deal valued at $2.4 billion, as the utility firm aims to pare debt and focus on the core electric and natural gas businesses. The...
Ireland to cut AIB stake to 12.5% in latest share sale
Ireland plans to cut its shareholding in AIB Group to around 12.5% from 17.5% through a placement to institutional investors, the government said on Monday. The finance ministry said in a statement that it plans to sell...
Advent set to acquire jewellery retailer Orra at nearly Rs 1,750 crore: sources
US buyout fund Advent International is in advanced negotiations to pick up a controlling stake in Orra Fine Jewellery, formerly owned by one of the country’s top diamond manufacturers and retailers, Rosy Blue Group...
Jaipur Rugs acquires luxury rug brand Shyam Ahuja
Jaipur Rugs, a handmade carpets manufacturer and a global luxury brand, has acquired luxury rug and textile brand Shyam Ahuja. The company announced the acquisition on Friday but did not disclose the transaction amount...
DroneAcharya, AVPL strategic merger to redefine India’s drone tech sector
BSE-listed DroneAcharya Aerial Innovations has signed a term sheet for a strategic merger with AVPL International. The financial terms of the deal were not disclosed. A joint release announcing the strategic merger said...
SBI Mutual Fund acquires 3.8% stake in Happy Forgings for Rs 341 cr
SBI Mutual Fund on Friday picked up an additional 3.8 per cent stake in auto components maker Happy Forgings for Rs 341 crore through an open market transaction. According to the bulk deal data available with the BSE...
China’s HongShan buys Marshall Group stake in $1.15 bln deal as Telia sells
HongShan Capital Group (HSG) said on Friday it has struck a deal to acquire a majority stake in Marshall Group in a deal valuing the Stockholm-based audio equipment maker at 1.1 billion euros ($1.15 billion). Swedish...
With $300m SaaS co buyout, Everstone Capital spreads wings
Everstone Capital has acquired a controlling stake in software as a service (SaaS) provider Wingify from the founders for about $300 million as it steps up deal making in the technology sector, said people with...
Coforge Inc. to acquire Xceltrait Inc. for consideration of $17.85 mn
Coforge Inc., a wholly owned subsidiary of Coforge has agreed to enter into a stock purchase agreement with Xceltrait Inc. and its stockholders to acquire all of the outstanding shares of capital stock of Xceltrait Inc...
EV Maker Nikola Explores Sale, Partnerships With Cash Dwindling
Nikola Corp. is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to people familiar with the matter. Other possibilities under consideration include...
DeHaat acquires farm advisory platform AgriCentral
Agritech startup DeHaat has acquired farm advisory platform AgriCentral from Olam Agri through a business transfer agreement (BTA) in an all-cash deal, the companies said without disclosing the financial terms...
