The National Company Law Appellate Tribunal (NCLAT) on Monday deferred hearing in a plea in the insolvency case of SREI Infrastructure to 4 October after the company sought time to submit a rejoinder to a response by...
Sweden’s SBB eyes sale of residential arm in shake-up
Troubled Swedish landlord SBB is exploring the sale of a controlling stake in its residential arm, which owns 23,000 apartments, as it overhauls its business to meet debt deadlines next year, its chief executive told...
Enovis to buy surgical implants maker LimaCorporate for $850 mln
Enovis Corp, which offers orthopaedic bracing, surgical implants and footcare solutions, said on Monday it had agreed to acquire Italian surgical implant manufacturer LimaCorporate for about 800 million euros ($850...
EU antitrust regulators set Oct. 20 deadline for Farfetch, Richemont deal
EU antitrust regulators will decide by Oct. 20 whether to clear luxury e-commerce company Farfetch’s acquisition of a stake in online fashion retailer YOOX Net-A-Porter (YNAP) from Richemont, a European Commission...
Burman family to raise stake in Religare via $255 million open offer
Burman family firms MB Finmart Pvt Ltd, Puran Associates Pvt Ltd, VIC Enterprises Pvt Ltd, and Milky Investment & Trading Company have announced an open offer to acquire up to 26% in Religare Enterprises Limited...
Top shareholder sweetens offer for UK’s Pendragon
Britain’s Pendragon said it had received a further unsolicited proposal from Hedin Mobility Group and U.S.-based PAG International to jointly buy out the automotive retailer for 447 million pounds ($548 million)...
Law firm Stroock in talks with Pillsbury as merger hunt continues
Months after law firms Stroock & Stroock & Lavan and Nixon Peabody ended discussions for a possible merger, Stroock and another New York-headquartered firm, Pillsbury Winthrop Shaw Pittman, said Thursday that...
HitecVision sells 6.3% stake in Vaar for $423 million
Norway’s HitecVision said on Friday it has sold a 6.3% stake in oil and gas group Vaar Energi for 4.56 billion Norwegian crowns ($423 million), reducing its ownership in the company to 14.4%. The sale at 29 crowns...
Cisco to buy Splunk in $28 billion deal, boosting defenses as use of AI widens
Cisco Systems Inc. has announced that it will buy cybersecurity firm Splunk in a $28 billion deal. The purchase is going to be Cisco’s biggest acquisition yet. Cisco buying Splunk would also mean a massive push...
JIP buys 78.65% share of Toshiba through tender offer, close to complete $14 billion takeover
Inching a step closer to complete a $14 billion deal, Japan Industrial Partners (JIP), bought 78.65% share of Toshiba through a tender offer, said the Japanese firm. After owning of more than two-third majority stake of...
Magellan Midstream holders approve $18.8 billion sale to ONEOK
Magellan Midstream Partners’ unitholders voted in favour of its sale to larger rival ONEOK Inc for $18.8 billion, creating one of the largest U.S. energy pipeline companies. The sale had come under scrutiny with...
Adevinta confirms acquisition proposal from Blackstone-Permira consortium
EBay-backed online classifieds group Adevinta said it has received a proposal from a consortium led by Permira and Blackstone regarding a potential offer to acquire the company. The discussions are at an early stage and...
