US Foods Holding Corp. approached Performance Food Group Co. to explore the merits of a combination and its invitation was declined, according to US Foods Chief Executive Officer Dave Flitman. “We believe that a...
US startup Lyten to buy bankrupt European battery maker Northvolt
U.S. battery startup Lyten has agreed to buy most of bankrupt Swedish battery maker Northvolt, it said on Thursday, potentially offering a way back for the European company that was once seen as the region’s...
Blackstone clinches $6.5 billion Enverus deal
Blackstone, the world’s largest alternative asset manager, has agreed to buy energy data and analytics provider Enverus, it said in a statement on Wednesday, as dealmaking in the private equity sector shows signs...
MasterBrand, American Woodmark to merge in $3.6 billion cabinetry deal
U.S. cabinetry manufacturers MasterBrand Inc and American Woodmark Corp said on Wednesday they will merge in an all-stock deal, creating a company worth $3.6 billion, including debt, amid consolidation in the highly...
Western Midstream to buy Aris Water for $1.5 billion
Western Midstream Partners said on Wednesday it will acquire Aris Water Solutions in a cash-and-stock deal valued at about $1.5 billion as it aims to diversify operations in the Permian Basin. Shares of Aris Water...
Sabadell shareholders approve TSB sale, $2.9 billion special dividend
Sabadell shareholders on Wednesday unanimously approved the sale of its TSB business in Britain to Santander, which analysts see as a defensive move against BBVA’s hostile takeover bid. The shareholders also...
UK watchdog clears Omnicom’s $13.25 billion deal to buy Interpublic
Britain’s competition regulator said on Wednesday it would not refer the merger between Omnicom and Interpublic to an in-depth phase 2 probe, clearing the way for the creation of the world’s largest...
ChrysCapital gets CCI nod to acquire majority stake in bakery chain Theobroma
Fair trade regulator Competition Commission on Tuesday cleared homegrown private equity major ChrysCapital’s proposal to acquire a majority stake in Mumbai-based bakery chain Theobroma. ChrysCapital is acquiring...
Hazoor Multi Projects Acquires Quippo Oil and Gas Infrastructure
Hazoor Multi Projects Ltd. (HMPL), one of India’s fastest-growing infrastructure and engineering enterprises, is pleased to announce the successful acquisition of Quippo Oil & Gas Infrastructure Ltd. (Quippo)...
Modular building startup Boxabl to list on Nasdaq in $3.5 billion SPAC deal
Modular building startup Boxabl will go public in the U.S. through a $3.5 billion merger with special purpose acquisition company FG Merger II, the companies said on Tuesday. Modular housing is widely recognized for its...
Marfrig, BRF shareholders approve merger deal
Shareholders in Marfrig and BRF approved on Tuesday the proposed merger between the two Brazilian food processors, the firms said in a joint securities filing. The approval placed the deal one step closer to completion...
Electric air taxi company Joby to acquire Blade Air’s passenger business
Joby Aviation will acquire helicopter ride-share company Blade Air Mobility’s passenger business for up to $125 million, Joby said Monday, as it works to speed the deployment of electric air taxis for commercial...
