Core Scientific’s board urged its shareholders on Wednesday to vote for the crypto miner’s proposed sale to CoreWeave as the company expects a number of benefits from the deal. CoreWeave announced its...
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Sentinel Capital sells NSI Industries’ HVAC unit to Lennox for $550 million
Private equity firm Sentinel Capital Partners said on Thursday it sold the HVAC division of NSI Industries to Lennox International for about $550 million in cash. NSI Industries, a supplier of branded electrical...
NCLT dismisses shareholder oppression case against Jindal Poly group company
The National Company Law Tribunal (NCLT) has dismissed a lawsuit claiming shareholder oppression by a Jindal Poly Films group firm which indirectly owns packaging film assets acquired from Exxon Mobil in 2013 by the...
Prosus buys additional stake in Ixigo; Peak XV, Elevation sell shares
Dutch investment firm Prosus has bought an additional 5.06% stake in Le Travenues Technology, the listed parent of online travel aggregator Ixigo. The shares were acquired from existing shareholders Elevation Capital (1...
ISS recommends Staar shareholders reject Alcon’s $1.5 billion offer
Proxy advisory firm Institutional Shareholder Services on Wednesday recommended that investors in Staar Surgical reject an offer by Swiss eyecare giant Alcon, putting the $1.5 billion deal in doubt. The move marks...
Nordic Capital-led consortium raises takeover price for Bavarian Nordic to $38.94 per share
Bavarian Nordic said on Wednesday a consortium led by Nordic Capital and Permira has raised its offer price for the vaccine maker to 250 Danish crowns ($38.94) after its initial bid was not accepted by a sufficient...
Lone Star to take Hillenbrand private for $2.3 billion
Hillenbrand is being taken private by investment firm Lone Star Funds for $2.3 billion in cash, sending the industrial equipment maker’s shares surging about 19% in early trading. A Lone Star affiliate is offering...
Australia’s Macquarie to lift stake in London City Airport to 75%
Macquarie Group’s asset management arm will acquire an additional 50% stake in London City Airport, raising its total ownership to 75%, the Australian investment firm said on Wednesday, as it deepens its presence...
JTL Industries gains 6% after NCLT approves acquisition of RCI Industries
JTL Industries shares jumped 6.2 per cent on BSE, logging an intra-day high at ₹72.2 per share. At 12 PM, JTL Industries’ share price was up 1.75 per cent on BSE at ₹69.12 per share. In comparison, the BSE Sensex...
Morgan Stanley, MUFG launch $1 billion sale of Vena Energy India
Morgan Stanley and Mitsubishi UFJ Financial Group (MUFG) have begun the sale process for Global Infrastructure Partners (GIP)-owned Vena Global Group Pte Ltd’s Indian renewable energy platform, Vena Energy India, in a...
Foxconn bid for stake in unit of Germany’s ZF Group stalls, documents show
Foxconn’s two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation expectations and a higher-than-estimated debt pile, according to...
Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger
U.S. land managers Rayonier and PotlatchDeltic said they would merge on Tuesday in an all-stock deal worth about $8.2 billion, including debt, forming the country’s second-largest publicly traded timber and wood...
