Private equity firm Helios Investment Partners plans to merge with Onyx Acquisition Co I in a deal valued at nearly $1 billion, including debt, the blank-check firm said on Wednesday. Founded in 2004, the Africa-focused...
Whirlpool to divest most of EMEA ops, form new entity with Turkey’s Arcelik
U.S. home appliances maker Whirlpool Corp said on Tuesday it would divest most of its businesses across Europe, Middle East and Africa (EMEA) as part of a strategic review it launched last year. The home appliance maker...
Emerson Electric unveils hostile $7 billion bid for National Instruments
U.S. engineering and industrial software company Emerson Electric Co disclosed a nearly $7 billion offer for National Instruments Corp, which it has been trying to buy unsuccessfully for several months. The software...
INEOS confirms entering bidding process to buy Manchester United
Jim Ratcliffe’s company INEOS has formally entered the bidding process to buy Premier League soccer club Manchester United, a spokesperson for the chemical firm said on Tuesday. The Glazer family, United’s U...
NewMed pushing forward with Capricorn merger ahead of Feb. 1 vote
Israel’s NewMed Energy LP said it was making final arrangements for a merger with UK-based Capricorn Energy, whose shareholders will vote on whether to approve the deal on Feb. 1. Capricorn’s shareholder...
Peltz’s Trian Fund says it will not pursue takeover bid for Wendy’s
Trian Fund Management, run by activist investor Nelson Peltz, said on Friday it will not pursue a takeover of Wendy’s Co, months after the company’s largest shareholder said it was considering a potential...
LTTS to acquire SWC business of parent firm for Rs 800 cr
IT company L&T Technology Services will acquire the Smart World & Communication (SWC) Business of its parent firm Larsen & Toubro Limited in an all-cash deal worth Rs 800 crore. Smart World &...
Finolex may hive off divisions into separate entities in future
Finolex Cables, one of India’s oldest electrical and telecom cable makers, plans to expand into consumer electrical and telecommunications, aiming to double revenue in the coming years. In an interview, executive...
Japan’s advertising Co Hakuhodo picks up 51% in MA&TH
Japanese advertising major Hakuhodo has acquired a 51% stake in Indian brand and entertainment agency group Marching Ants & Trigger Happy Entertainment Network (MA&TH). The financial details of the deal were not...
PAG, Mapletree to buy Hong Kong’s Goldin Financial Global Centre for $713 mln
Asia-focused investment firm PAG and Singapore-based real estate group Mapletree Investments said they have entered into a 50-50 joint venture to buy Hong Kong’s Goldin Financial Global Centre from receivers for...
Thales won’t take stake in Atos’ spun-off unit Evidian
Thales will not take a stake in Atos’ soon to be spun-off unit Evidian, a spokesperson for the French defence and technology company said on Tuesday, following market speculation about Thales’ interest in...
Credit Suisse nears deal to buy Michael Klein’s advisory firm – Bloomberg News
Credit Suisse Group AG is close to an agreement to acquire former Citigroup executive Michael Klein’s advisory boutique, Bloomberg News reported on Monday. The Swiss bank will value M. Klein & Company at...
