Berkshire Hathaway Inc said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing Co , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. In...
Ancora Holdings pushes for better terms for IAA in $7.3 bln Ritchie Bros deal
Activist investor Ancora Holdings Group said on Monday Ritchie Bros Auctioneers Inc’s $7.3 billion buyout deal for U.S.-based vehicle marketplace IAA Inc was a “poorly structured sweetheart deal” and...
United Rentals to buy Ahern Rentals for $2 bln as tools demand jumps
United Rentals Inc said it would acquire the assets of smaller rival Ahern Rentals Inc for about $2 billion in cash, as the equipment rental firm looks to expand its U.S. presence. The deal will help United better...
Electriq Power to go public in U.S. via $495 million SPAC deal
Solar battery storage company Electriq Power Holdings Inc said on Monday it would go public through a merger with blank-check firm TLG Acquisition One Corp, in a deal valuing the combined company at $495 million. The...
Australia’s Nitro Software recommends KKR’s Alludo takeover offer of $335 mln
Australia’s Nitro Software said on Tuesday its board had determined the near A$500 million ($335 million) offer from KKR Inc’s Alludo to be “superior” to an earlier bid from major shareholder...
Tiger Global Eight sells 0.73% stake in PB Fintech
Tiger Global Eight sold 0.73% or 32,84,422 shares in PB Fintech at an average traded price of Rs 388.34 per share. This was at a premium of 4% to the previous day’s closing price of Rs 373.9 apiece on the NSE. In the...
Canada pension fund’s Indian arm acquires Peripheral Expressway
Maple Highways, a dedicated India road investment platform of Canada-based pension fund CDPQ, said on Friday it had completed the Rs 6,267-crore acquisition of the Eastern Peripheral Expressway (EPE) that encircles the...
Scaramucci’s SkyBridge Capital looking to buy back stake from FTX: Report
SkyBridge Capital is working to buy back its stake from embattled crypto exchange FTX, the alternative investment firm’s founder Anthony Scaramucci said in an interview with CNBC on Friday. “My legal team...
Estee Lauder nears $2.8 billion deal to buy Tom Ford – FT
Estee Lauder Cos Inc is nearing a deal to buy Tom Ford for about $2.8 billion, including debt, beating out competition from a number of others interested in acquiring the luxury fashion brand, the Financial...
Schneider Electric sweetens Aveva bid to $11.6 bln in final offer
French industrial group Schneider Electric has increased its offer for Aveva to 3,225 pence per share in cash, valuing the British software company at about 9.86 billion pounds ($11.62 billion), the companies said on...
Thomson Reuters to buy tax software provider SurePrep for $500 mln
Thomson Reuters Corp said it would buy SurePrep LLC, a U.S.-based provider of tax automation software and services, for $500 million in cash. The information company has been partnering since April with 20-year-old...
Japan’s Seven & i to sell Sogo & Seibu unit to U.S. fund Fortress
Japan’s Seven & i Holdings Co Ltd said it will sell its Sogo & Seibu department store unit to U.S. fund Fortress Investment Group. Seven & i, operator of 7-Eleven convenience stores and the Speedway...
