PepsiCo has raised its stake in Celsius Holdings through a $585 million deal, as the global soda and snacks maker strengthens its energy drink business amid shifting consumer preferences. The popularity of energy drinks...
DuPont to sell Kevlar, Nomex business to Arclin for $1.8 billion
DuPont will sell its heat-resistant fiber business Aramids, home to brands such as body armor maker Kevlar, to peer Arclin for $1.8 billion as the chemicals company undergoes a broader reorganization. The sale will not...
Colt buys majority stake in $1 billion gunpowder ingredient maker
Czech-based firearms maker Colt CZ Group SE has agreed to buy a majority stake and potentially all of the shares in Synthesia Nitrocellulose, in a deal valuing the Czech gunpowder ingredient maker at 22 billion crowns...
NCLT admits AGS Transact for insolvency
The bankruptcy court in Mumbai has admitted AGS Transact Technologies for corporate insolvency resolution process (CIRP) on an application filed by the listed payment solution company’s operational creditor...
Celebrity-backed diaper maker Coterie nears sale to Mammoth Brands, sources say
Premium baby diaper brand Coterie, which counts models and entrepreneurs Karlie Kloss and Ashley Graham as investors, is in talks to sell itself to consumer goods company Mammoth Brands, according to people familiar...
CCI approves acquisition of Jaiprakash Associates by Adani Group
The Competition Commission of India (CCI) on Tuesday approved the acquisition of Jaiprakash Associates by Adani Entities. In an official statement, the CCI said that the deal proposes the acquisition of up to 100 per...
Rheinmetall wants to take over German shipbuilder NVL, Bild reports
Defence group Rheinmetall wants to take over German shipbuilder Naval Vessels Luerssen, the German daily Bild reported on Wednesday, citing industry sources. According to Bild, the Luerssen family, who own the...
South Korea’s top shipbuilder to acquire affiliate to tap US demand under Trump
South Korea’s HD Hyundai Heavy Industries, the world’s biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding...
Berlusconi-backed MFE set to clinch Germany’s ProSieben after PPF sells stake
MediaForEurope (MFE) is set to take control of ProSiebenSat.1 after Czech investment group PPF on Wednesday said it would sell its stake in the German broadcaster to the TV group controlled by Italy’s Berlusconi...
Imagicaaworld to acquire Malpani Parks Ahmedabad for ₹75 crore
Imagicaaworld Entertainment has announced plans to acquire Malpani Parks Ahmedabad Private Limited (MPAPL), a promoter-owned entity, in a deal valued at up to ₹75 crore. The company’s board approved the acquisition on...
Brookfield sells stake in Pune office park to 360 ONE Asset
Global investor Brookfield Asset Management, through its private real estate fund, has sold a 50% stake in Bluegrass Business Park in Pune to 360 ONE Asset for an enterprise value of ₹2,400 crore. The 2 million square...
Buffett shoots down talk of Berkshire railroad merger, CSX shares slide
Billionaire investor Warren Buffett on Monday shut down speculation of a blockbuster railroad merger, saying his company Berkshire Hathaway is not looking to buy another train company. Shares of CSX fell 5% on Monday...
