Hooters of America has filed for bankruptcy as the casual-dining brand known for its chicken wings and skimpy server uniforms struggles to lure customers. The Atlanta-based company filed for Chapter 11 bankruptcy in the...
Brookfield nears $9 billion-plus deal for Colonial Pipeline, sources say
Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said...
Rocket Companies to buy Mr Cooper Group for $9.4 billion in mega US real-estate deal
Rocket Companies said on Monday it would buy home loan service provider Mr Cooper Group for $9.4 billion, boosting its mortgages business in its second big deal this month to take advantage of a rebound in U.S. housing...
Sempra to sell Mexico energy assets, stake in infrastructure unit
Utility firm Sempra will sell some energy infrastructure assets in Mexico and a minority stake in Sempra Infrastructure to fund its five-year capex plan of $56 billion, it said on Monday. In February, the company had...
GlobalFoundries, Taiwanese chipmaker UMC consider merger, sources say
Taiwan’s major chipmaker United Microelectronics and U.S.-based GlobalFoundries are looking into the possibility of a merger, two sources familiar with the matter told Reuters on Monday. A combined company would...
Australia’s Domain Holdings to recommend CoStar’s $1.8 billion buyout bid
Australia’s Domain Holdings said on Monday it would recommend its shareholders to vote in favour of U.S. property data group CoStar’s takeover approach that values the real estate classifieds firm at A$2.80...
David Blitzer close to sale of Real Salt Lake, Utah Royals
Billionaire businessman David Blitzer is in advanced talks to sell a large stake in both Real Salt Lake of MLS and the Utah Royals of NWSL after owning both franchises since 2022, Sportico reported. No potential...
NCLT orders status quo on Aakash Institute shareholding amid legal dispute
The National Company Law Tribunal (NCLT) on Thursday ordered that the status quo on the shareholding of Aakash Institute be maintained. The tribunal was hearing a matter related to the amendment of the articles of...
CIEL HR Group acquires Vibrant Screen to strengthen its HR solutions portfolio
Technology-led HR solutions company CIEL HR has acquired Vibrant Screen, a provider of background verification solutions, the company said in a statement on Friday. With over 24 years of expertise, VSPL offers a...
Laurus Labs to acquire 26% stakes in Kurnool Renewables for Rs 35 cr
Laurus Labs has announced that its board has approved the acquisition of up to 26% of the share capital in Kurnool Renewables, a special purpose vehicle (SPV) and subsidiary of Ecoren Energy India (Ecoren), with an...
Authum Investment receives RBI nod to acquire SIDBI’s ARC biz
Authum Investment and Infrastructure Ltd has secured the approval of the Reserve Bank of India (RBI) to acquire a 79.28% stake in India SME Asset Reconstruction Co. Ltd (ISARC), a SIDBI-sponsored asset reconstruction...
CK Hutchison will not sign deal to sell strategic Panama ports next week, sources say
Hong Kong’s CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group, two people with direct knowledge of the matter said, as pressure mounted from...
