Johnson Matthey on Monday agreed to cut the sale price of its catalyst technologies business to Honeywell by 26% as the unit’s profitability weakened, sending its shares down over 17%. The British chemicals...
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Canada’s Cando Rail & Terminals to buy US rail assets of Savage Enterprises
Canadian railroad contractor Cando Rail & Terminals will buy the U.S. rail assets of Savage Enterprises as it expands its footprint across the U.S., Cando announced on Monday. Financial terms were not disclosed. The...
Keurig Dr Pepper secures additional $1.5 billion funding for JDE Peet’s buyout
Keurig Dr Pepper said on Monday it had raised an additional $1.5 billion of equity funding from long-term investors as part of its financing plan for the roughly $18 billion acquisition of Dutch coffee giant JDE...
ASM Tech inks pact to acquire 20% stake in Myelin Foundry
ASM Technologies announced that it has signed a definitive agreement to acquire 20% stake in Myelin Foundry, with the aim to deploy patented, high-performance AI solutions across advanced engineering design-led...
TXNM Energy gets FERC approval for $11.5 billion Blackstone deal
TXNM Energy on Friday said the U.S. Federal Energy Regulatory Commission (FERC) had authorized the company’s acquisition by Blackstone Infrastructure. Last year, Blackstone agreed to acquire the utility company in...
ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports
ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up...
Toymaker Funko pushed by investor Pleasant Lake to explore strategic options
Pleasant Lake Partners disclosed a roughly 10% stake in toymaker Funko and said the company should consider strategic alternatives, including the possibility of a sale, according to a regulatory filing from Thursday...
Arm Holdings shares rise after Nvidia exits its entire $155.8M stake
Arm shares rose more than 1% in premarket trading on Wednesday (February 18) following the disclosure that Nvidia has sold its entire stake in the British semiconductor firm, signaling investor confidence in Arm’s...
UK regulator finds competition concerns in Getty-Shutterstock merger
Britain’s competition watchdog said on Thursday it provisionally found concerns over UK editorial content supply in the proposed merger between U.S.-based Getty Images and rival Shutterstock, but cleared the deal...
Virgin Media O2 owners to buy British fibre firm Substantial for $2.7 billion
A consortium including Liberty Global agreed on Wednesday to buy British alternative fibre provider Substantial Group for 2 billion pounds ($2.72 billion) in a bid to take on BT Openreach. The acquisition will be made...
EBay forecasts upbeat revenue, buys Depop to boost fashion presence
EBay Inc forecast first-quarter revenue above Wall Street estimates on Wednesday and announced the acquisition of fashion marketplace Depop from Etsy for nearly $1.2 billion, sending its shares up more than 7% in...
Western Digital to sell partial stake in Sandisk for $3.17 billion to cut debt
Western Digital is planning to raise $3.17 billion by selling a part of its stake in flash memory unit Sandisk, which it used to own, as the hard disk drive maker looks to reduce debt. The secondary share sale...
