Artemis, the Pinault family’s holding that controls Gucci-owner Kering, will not sell its 29% stake in sports brand Puma at the current market value and is not engaged in talks over a deal, a source close to the...
Convenience store operator RaceTrac to buy sandwich chain Potbelly for $566 million
RaceTrac agreed to buy sandwich chain Potbelly Corp for approximately $566 million on Wednesday, in a rare move for a convenience store operator to buy out a restaurant brand. Family-owned RaceTrac, which operates...
ADNOC close to finalising EU remedies for Covestro deal, sources say
Abu Dhabi state oil giant ADNOC is readying remedies to address an EU subsidy investigation into its 14.7 billion euro ($17.2 billion) bid for Germany’s Covestro that will likely see it convert a proposed 1.2...
Kering delays full Valentino acquisition to 2028 amid debt concerns
Kering said on Wednesday that it will not fully buy Italian fashion brand Valentino until at least 2028, its first major move under new CEO Luca de Meo, pushing back the execution of an expensive deal that has been...
Blue Cloud Softech Solutions to acquire defense tech company – 3P Vision
Blue Cloud Softech Solutions (BCSSL) has signed a Letter of Intent (LOI) to acquire 3P Vision, a defense technology company renowned for its deep-tech expertise in AI, drones, and integrated surveillance systems...
Cupid acquires strategic stake in Arabian luxury fragrance brand ‘Mansam’
Cupid has entered into a Term Sheet to acquire a strategic stake in Mansam, a Saudi Arabian fragrance brand promoted by Key Notes Trading LLC, through a fund structure managed by GII lnvestment Management. Mansam...
Elliott takes stake in BILL Holdings, becoming second activist in stock
Elliott Investment Management has built a large stake in BILL Holdings and may want the financial automation software company to pursue a sale, a person familiar with the matter said on Tuesday. Elliott owns a roughly...
Elon Musk’s SpaceX buys wireless spectrum from EchoStar in $17 billion deal
Elon Musk’s SpaceX said Monday it will buy wireless spectrum licenses from EchoStar for its Starlink satellite network for about $17 billion, a major deal crucial to expanding Starlink’s nascent 5G...
TDR Capital sells stake in health and fitness group David Lloyd
TDR Capital said on Monday it agreed to sell its stake in David Lloyd Leisure to a newly formed continuation vehicle that will take majority control of the health and fitness club chain. The Financial Times said the...
Infleqtion to go public in SPAC deal valuing quantum computing firm at $1.8 billion
Infleqtion will go public through a merger with a blank-check company, led by veteran Wall Street dealmaker Michael Klein, valuing the quantum computing startup at $1.8 billion before new investment, the companies said...
Potash maker Nutrien to sell stake in Argentina’s Profertil for $600 million
Nutrien said on Monday it will sell its 50% stake in Argentina-based nitrogen producer Profertil for $600 million, as the world’s top potash producer shifts focus away from South America. The stake will be...
Worth more that the GDP of 100+ nations, Atlassian acquires The Browser Company for $610 million
Atlassian announced Thursday, September 4, it will acquire New York-based startup The Browser Company for $610 million in cash, marking the enterprise software company’s entry into the competitive AI-driven...
