Billionaire investor Bill Ackman said on Monday Pershing Square was increasing its stake in Howard Hughes Holdings by $1 billion and that the real estate developer plans to buy back shares for an additional $500 million...
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Bakery franchise chain Crumbl explores $2 billion sale, sources say
The owners of Crumbl are exploring a sale that could value the popular cookie chain at nearly $2 billion, including debt, according to people familiar with the matter. The Lindon, Utah-based bakery franchise chain is...
Clearwater to buy software maker Enfusion for $1.5 bln in expansion push
Clearwater Analytics has agreed to acquire Enfusion in a $1.5 billion cash-and-stock deal as the financial software maker looks to bolster its international presence and enter the hedge fund industry. Enfusion...
NCLT nod for Zepto parent’s merger with Singapore unit
The National Company Law Tribunal (NCLT) has approved the merger of Kiranakart Technologies, which operates quick commerce platform Zepto, with its Singaporean affiliate entity Kiranakart Pte Ltd—a move that will help...
Prada has been working with Citi on possible bid for Versace, source says
Italy’s Prada, is among the potential suitors looking at fashion group Versace, which has been put up for sale by its parent Capri Holdings, and has been working with Citi to evaluate any bid, a person with...
Blackstone mulls $4 billion-plus sale of Liftoff, sources say
Buyout firm Blackstone is weighing strategic options, including a sale, for Liftoff that could value the mobile app marketing provider at more than $4 billion, including debt, two people familiar with the matter said on...
Biogen proposes to buy remaining stake in Sage in $442 million deal
Drugmaker Biogen will buy all outstanding shares of Sage Therapeutics that it does not already own for $7.22 apiece, a filing showed on Friday, sending the latter’s stock up 34% in extended trade. As per the...
Vingroup’s main foreign investor SK Group to sell part of its stake
South Korean conglomerate SK Group plans to sell about a fifth of its holding in Vietnam’s Vingroup starting from next week, a Vingroup filing showed on Friday. With a 6.05% stake, SK’s group financial...
EU approves Synopsys’ $35 billion Ansys deal under conditions
The European Commission on Friday said it had approved the takeover by chip design software maker Synopsys of software company Ansys, with conditions to the $35 billion cash-and-stock deal announced in January last year...
Bankruptcy Court admits Oban Fashions under insolvency resolution
The bankruptcy court in Mumbai has admitted Oban Fashions Pvt Ltd, a wholly-owned subsidiary of listed Knitwear brands Rupa & Co Ltd under the Corporate Insolvency Resolution Process (CIRP) in an application filed...
Fusion CX acquires S4 Communications to expand BPO services
Fusion CX, a global customer experience (CX) business process outsourcing (BPO) provider, has acquired S4 Communications, a company specialising in call center outsourcing and BPO services. S4 Communications reported a...
Italy’s Del Vecchio family raises Monte dei Paschi stake to 9.8%
The holding company of late Italian billionaire Leonardo Del Vecchio has raised its stake in bailed-out lender Monte dei Paschi, a filing showed, strengthening its hand in expected further consolidation among the...
