Proxy advisor CGI Glass Lewis on Thursday recommended Origin Energy shareholders vote in favour of a $10.5 billion bid from a consortium led by Canada’s Brookfield, despite opposition from the target’s...
Bertelsmann sells Majorel stake to Teleperformance
Bertelsmann completed the sale of its 39.5% stake in staff outsourcing company Majorel to another personnel firm Teleperformance, the German media, services, and education conglomerate said. The deal, first announced in...
TVS ILP announces strategic partnership with Lingotto via stake sale
TVS Industrial and Logistics Parks (TVS ILP) on Tuesday announced a strategic partnership with Lingotto, an investment management company owned by Dutch firm Exor N V. The “transformative partnership” was...
FTC seeks information on $8.5 bln Tapestry-Capri deal
The U.S. Federal Trade Commission (FTC) has sent requests to Tapestry and Michael Kors owner Capri Holdings for more information on their planned $8.5 billion deal, the companies said. Tapestry agreed to buy Capri in...
Byju’s in talks to sell US unit to Joffre Capital for $400m: Report
Byju’s is reportedly in advanced talks to sell its kids’ digital reading platform for roughly $400 million to Joffre Capital Ltd, in an effort to relieve its financial strain, according to a report from...
WeWork files for bankruptcy; From $50 billion to zero in 5 years
Co-working space firm WeWork Inc. has filed for Chapter 11 bankruptcy in New Jersey, as per a Bloomberg report. On November 1, the Wall Street Journal reported that WeWork plans to file its Chapter 11 petition for...
Kinder Morgan to buy NextEra Energy Partners’ Texas pipelines for $1.82 bln
U.S. pipeline operator Kinder Morgan said it would acquire NextEra Energy Partners’ gas pipelines in South Texas for $1.82 billion. The oil and gas pipeline business has seen increased consolidation this year as U...
Abcam shareholders approve $5.7 billion Danaher deal
Abcam shareholders on Monday approved the proposal from Danaher Corp to acquire all outstanding shares of the company for $24 per share in cash. Danaher agreed to buy Abcam in September in a $5.7 billion all-cash deal...
China-focused Ascendent in $1.6 bln take-private bid for Hollysys
China-focused private equity firm Ascendent Capital said it wants to take Hollysys Automation Technologies private in a deal that will value the Chinese automation control system provider at around $1.61 billion...
Hilton Grand to buy Bluegreen Vacations in $1.5 billion deal
Vacation property operator Hilton Grand Vacations said it would buy peer Bluegreen Vacations in a $1.5 billion deal including debt, to attract younger customers for its timeshare properties and expand offerings. Under...
Raymond Group to acquire 59.25% stake in Maini Precision for Rs 682 cr
Raymond Group on Friday announced the acquisition of 59.25 per cent stake in Maini Precision Products Limited (MPPL) for Rs 682 crore funded by a mix of debt and internal accruals. The transaction will be subject to...
NCLT admits insolvency plea against Compuage Infocomm
The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday admitted a plea seeking insolvency process against Compuage Infocomm. Plus Plus Unified Engagement, one of the financial creditors to the company...
