Germany’s Henkel is in advanced talks to buy U.S. hair care brand Olaplex in a deal that would value the company at about $2 per share, Bloomberg News reported on Wednesday, citing sources. Here are some...
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KKR-backed OHB taps banks for share sale, Bloomberg News reports
German satellite maker OHB is working on a share sale, potentially allowing minority investor KKR to reduce its stake, Bloomberg News reported on Wednesday. A deal could value OHB at slightly above its market value...
KKR to acquire Nothing Bundt Cakes for over $2 billion, source says
U.S. private equity firm KKR has struck a deal to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt, a source familiar with the matter told Reuters on Wednesday. The...
NatWest to sell HR consultancy unit Mentor in streamlining push
NatWest is selling its human resources advisory business Mentor to private equity-backed Empowering People Group, the British lender said on Wednesday, as it streamlines operations to focus on core banking and wealth...
Bad bank framework set for overhaul with NARCL-IDRCL merger
Five years after being floated, India’s bad bank framework is set for a structural change, with plans underway to merge the National Asset Reconstruction Co (NARCL) and India Debt Resolution Co (IDRCL), people...
Estee Lauder in talks to acquire Puig to create beauty giant
Estee Lauder said it’s in talks to buy Puig Brands in a deal that would create a cosmetics giant with about $20 billion in annual sales. The companies declined to offer details on the terms. Puig, based in Spain...
Kajaria Ceramics acquires balance 10% stake in Kajaria Surfaces
Kajaria Ceramics has acquired 9,50,000 (i.e. 10%) equity shares of Kajaria Surfaces. Consequently, Kajaria Surfaces has become a wholly-owned subsidiary of the Company. The purpose of the acquisition was to make Kajaria...
China bars Manus co-founders from leaving country as it reviews sale to Meta, FT reports
China has restricted two co-founders of artificial intelligence startup Manus from leaving the country as regulators review whether Meta’s $2 billion acquisition of the firm violated investment rules, the...
Victory Capital abandons Janus Henderson bid, clearing path for Trian-led deal
Victory Capital said on Tuesday it had withdrawn its roughly $8.6 billion proposal to buy Janus Henderson, exiting a drawn-out bidding war hours after Nelson Peltz’s Trian Fund Management and General Catalyst...
Australia’s Pepper Money knocks down $706 million takeover bid, cites execution issues
Australia’s Pepper Money said on Wednesday it has rejected the takeover proposal from Challenger as the offer was not “reasonably capable of execution”, a week after the bidders lowered the price...
Grab to buy Delivery Hero’s Foodpanda Taiwan business for $600 million
Southeast Asia’s biggest ride-hailing and delivery firm, Grab, said on Monday it would pay $600 million in cash for Delivery Hero’s Foodpanda delivery business in Taiwan, in its first expansion outside the...
SEPC jumps 7% as board clears acquiring 90% stake in Avenir International
SEPC shares jumped 7 per cent in trade on the BSE, logging an intra-day high at ₹4.98 per share. At 9:58 AM, SEPC’s share price was trading 5.16 per cent higher at ₹4.89 per share. In comparison, the BSE Sensex was up 1...
