Australian investment firm Washington H. Soul Pattinson and building materials group Brickworks said on Monday they have jointly secured full funding for their proposed merger to create a $9.15 billion ASX-listed entity...
UK’s Octopus Energy weighs $14 billion demerger of tech arm Kraken, Sky News says
Britain’s Octopus Energy is close to hiring bankers to oversee a 10-billion-pound ($13.7 billion) separation and stake sale of its technology arm Kraken Technologies, Sky News reported on Saturday, citing sources...
Poland completes negotiations to buy South Korean K2 tanks, agency says
Poland has completed negotiations with South Korea’s Hyundai Rotem to receive a second batch of K2 tanks and plans to sign a contract, South Korea’s defence procurement agency said on Wednesday. The specific...
KKR outbids Advent in $6.5 billion battle to buy UK’s Spectris
British scientific instruments maker Spectris has agreed to a takeover offer from U.S. investment firm KKR valuing it at 4.7 billion pounds ($6.46 billion) including debt, and has withdrawn its support for a rival offer...
Grammarly to acquire email startup Superhuman in AI platform push
Grammarly has signed a deal to acquire email efficiency tool Superhuman as part of the company’s push to build an artificial intelligence-powered productivity suite and diversify its business, its executives told...
Singapore’s GIC gets CCI nod to acquire minority stake in Groww
Fair trade regulator CCI on Tuesday cleared Singapore’s sovereign wealth fund GIC’s proposed acquisition of a 2.14 per cent stake in IPO-bound Billionbrains Garage Ventures, the parent company of investment...
PDS arm inks pact to acquire 60% stake in GSC Link
PDS said that its step-down wholly owned subsidiary, PDS Sourcing has entered into share subscription agreement to acquire 60% stake in GSC Link (GSCL) for total consideration of Rs 10.25 crore ($1.20 million). GSCL is...
Santander bolsters presence in UK with acquisition of TSB for $3.64 bln
Spain’s Santander on Tuesday said it had reached an agreement to acquire smaller rival Sabadell’s British unit TSB for initially 2.65 billion pounds ($3.64 billion) in an all-cash deal, subject to approval...
Blackstone to consider options for UK’s Warehouse REIT bid
Blackstone said on Tuesday it was considering its options regarding its bid for UK’s Warehouse REIT after its takeover target agreed to a 485.2 million pound ($666.8 million)deal with Tritax Big Box REIT last week...
Struggling Semiconductor Firm Wolfspeed Files for Bankruptcy
Wolfspeed Inc., a chipmaker caught in President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a creditor-backed plan to slash $4.6 billion in debt. The North Carolina-based company...
Private Lenders Pitch Restructuring for Stressed Pallet Company
Private lenders have proposed a potential debt restructuring for 48Forty Solutions, less than a year after Summit Partners acquired a majority stake in the pallet management company, according to people with knowledge...
Google strikes deal to buy fusion power from MIT spinoff Commonwealth
Alphabet’s Google said on Monday it has struck a deal to buy power from a project in Virginia fueled by fusion, the reaction that powers the sun and the stars but is not yet commercial on Earth. Google signed what...
