Blackstone said on Monday it was in the early stages of considering a possible cash offer for self-storage company Big Yellow Group, sending shares of the London-listed firm higher by as much as 22%. Big Yellow...
Starboard Value takes stake in Keurig Dr Pepper amid JDE Peet’s buyout
Activist investor Starboard Value has built a stake in Keurig Dr Pepper after the beverage company made an acquisition to strengthen its coffee business that investors disliked, two people familiar with the matter said...
Sam Altman-backed college startup Campus acquires Sizzle AI
Sam Altman-backed college startup Campus has roped in Meta’s former artificial intelligence (AI) vice president Jerome Pesenti as its technology head, the company announced Friday. The deal marks Campus buying Pesenti’s...
Strathcona exits race for MEG Energy after Cenovus’ sweetened bid
Strathcona Resources on Friday abandoned its takeover bid for MEG Energy, ending its months-long battle with Cenovus Energy for the ownership of one of Canada’s last large pure-play oil sands company. The move by...
UST Expands Core Banking Capabilities with the Acquisition of Modus Information Systems
UST, a leading AI and technology transformation solutions company, has acquired Modus Information Systems Private Limited (Modus) in a strategic move that will strengthen UST’s position in the financial sector...
BASF sells majority of coatings business to Carlyle, Qatar Investment Authority
BASF has agreed to sell a majority stake in its coatings business to private equity firm Carlyle and the Qatar Investment Authority, valuing the unit at 7.7 billion euros ($8.91 billion). The companies said in a joint...
RedBird Capital formally requests approval for acquisition of UK’s Telegraph
RedBird Capital Partners on Friday formally requested approval from the British government to proceed with its proposed acquisition of The Telegraph, according to an internal memo seen by Reuters and confirmed by the U...
Strathcona exits race for MEG Energy after Cenovus’ sweetened bid
Strathcona Resources on Friday abandoned its takeover bid for MEG Energy, ending its months-long battle with Cenovus Energy for the ownership of one of Canada’s last large pure-play oil sands company. The move by...
Prosus buys 10% stake in Ixigo parent for Rs 1,295 crore; travel site to use funds for expansion
The board of Le Travenues Technology, the parent of online travel aggregator Ixigo, has approved a primary investment of Rs 1,295 crore by Dutch investment firm Prosus (MIH Investments One B.V.) for a 10.1% stake in the...
Roofing material firm TopBuild buys rival SPI after antitrust delay
TopBuild Corp said on Wednesday it has acquired Specialty Products and Insulation (SPI) for $1 billion in cash, about a year after the two building materials makers terminated an initial agreement over antitrust...
Honeywell spinoff Solstice to continue M&A playbook post separation
Solstice Advanced Materials will continue to look for merger and acquisition opportunities as a standalone company, its CEO David Sewell said on Wednesday, seeking to emulate parent Honeywell’s deal-making...
Germany’s Helsing to acquire Australian underwater drone maker
Germany’s Helsing will acquire Australian underwater drone maker Blue Ocean, the defence startup said on Wednesday, as it looks to expand its AI-powered autonomous systems in the marine sector. Helsing, which did...
