Activist investor Jana Partners is urging the world’s largest maker of silicon carbide Wolfspeed Inc to explore all ways to improve shareholder value, including a potential sale, according to a letter reviewed by...
Kroger, Albertsons to sell 166 more stores seeking approval of $25 billion merger
Kroger and Albertsons Cos are expanding their planned sale of grocery stores, offloading 166 more locations than previously agreed upon to C&S Wholesale Grocers as they work to get regulatory approval for their...
Aurionpro Solutions to acquire fintech startup Arya AI for $16.5 million
Financial services software firm Aurionpro Solutions on Friday said it will acquire banking and insurance focused startup Arya.ai for $16.5 million (about Rs 138 crore). Under the all-cash deal, NSE-listed Aurionpro...
Indo Count acquires global home fashion brand Wamsutta
Indo Count, a global bed linen manufacturer and exporter, announced its strategic acquisition of the international home fashion brand Wamsutta from Beyond, Inc. Beyond, Bed Bath & Beyond, Baby & Beyond, Welcome...
Blackstone nears deal to sell S.Korean pharma wholesaler to MBK Partners, sources say
Private equity firm Blackstone Inc is nearing a deal to sell its controlling stake in South Korean wholesale drug distributor Geo-Young to North Asian buyout fund MBK Partners for over $1 billion, three sources said...
Dailyhunt parent acquires Magzter, grows revenue from ads to subscriptions
VerSe Innovation, the parent firm of online news aggregator Dailyhunt and short-video platform Josh, on Wednesday said it has acquired New York-based digital magazine store Magzter. Founded in 2011, homegrown Magzter is...
Board of Infosys approves acquisition of in-tech Holding GmbH
The Board of Infosys at its meeting held on 17-18 April 2024 has approved the acquisition of in-tech Holding GmbH engaged in Engineering R&D services. This strategic investment further strengthens Infosys’...
Hipgnosis agrees sale to Concord in $1.4 bln music rights deal
Nashville-based independent music company Concord has agreed to buy Britain’s Hipgnosis Songs Fund for $1.4 billion, the companies said on Thursday, to gain rights to the catalogues of artists including Shakira...
US law firms Troutman Pepper, Locke Lord in talks to merge
U.S. law firms Troutman Pepper Hamilton Sanders and Locke Lord said on Thursday they are in talks to merge, in what would be the largest law firm combination to emerge so far this year. Troutman Pepper and Locke Lord...
Microsoft-OpenAI deal set to dodge formal EU merger probe, sources say
EU antitrust regulators have concluded that Microsoft’s $13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday, signaling the deal will avoid a formal European...
Australia’s Rinehart takes stake in Lynas Rare Earths, shares jump
Australia’s richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing showed late on Tuesday. The stake, taken...
Superdry plans to go private as it kicks off rescue plan
British fashion chain Superdry proposed a rescue package on Tuesday involving a fundraising backed by CEO Julian Dunkerton, quitting the London Stock Exchange and a restructuring plan, to avoid falling into...