Coty said on Tuesday it had launched a strategic review of its consumer beauty business that could lead to the sale of brands such as CoverGirl and Rimmel, as the cosmetics maker plans to focus on its more profitable...
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BlackRock’s GIP nears $38 billion takeover of utility group AES, FT reports
BlackRock-owned Global Infrastructure Partners (GIP) is nearing a $38 billion deal, inclusive of debt, to acquire utility group AES, the Financial Times reported on Tuesday, citing people briefed on the matter...
Australia’s Eagers to buy stake of CanadaOne in $687.5 million push into Canada
Australian car dealership firm Eagers Automotive said on Wednesday it will acquire a 65% stake in dealership group CanadaOne’s holding company for A$1.04 billion ($687.54 million) to expand into Canada. The deal...
UK competition watchdog to probe Subsea 7-Saipem merger
Britain’s competition regulator said on Tuesday it has started a probe into the merger between Norway’s Subsea 7 and Italy’s Saipem for probable competition concerns in the energy services sector. The...
Prada gets EU approval for Versace acquisition
The European Commission said on Tuesday it has given its green light to the acquisition of fashion group Versace by Italy’s Prada. Earlier this year Prada struck a $1.38 billion deal to buy smaller rival Versace...
Zaggle to acquire loyalty solutions provider Greenedge for Rs 25 crore
Spend management platform Zaggle has received board approval to acquire 100% of Greenedge Enterprises — representing 130,000 equity shares — in a deal worth up to Rs 25 crore, the company said on Monday. In addition to...
Alibaba in talks to acquire Hong Kong office in $900 million deal
Chinese tech giant Alibaba Group Holding Ltd. is in talks to buy the upper 13 floors of One Causeway Bay in Hong Kong, in a deal worth about HK$7 billion ($900 million), the Hong Kong Economic Times reported, citing...
Veritas-Backed Software Provider Anthology Files for Bankruptcy
Anthology Inc., the Veritas Capital-backed education-software provider, sought Chapter 11 bankruptcy protection in the US after a failed attempt to sell the company or parts of the business outside of court protection...
Activist Irenic builds stake in Workiva, pushes for board seats
Irenic Capital Management built a sizable stake in Workiva, arguing the financial reporting software maker needs to improve its operating efficiency, refresh its board and consider a potential sale. Irenic owns roughly...
Ares Management to acquire Meade Pipeline for $1.1 billion
Ares Management said on Monday its infrastructure funds have bought Meade Pipeline for about $1.1 billion, adding a key natural gas asset to its U.S. energy business as demand for power and gas surges. The investment...
Elliott explores options for British data centre firm Ark, sources say
Elliott Investment Management is exploring strategic options for its UK-based Ark Data Centres in a possible sale that could fetch more than 3 billion pounds ($4.00 billion), according to two people with knowledge of...
Madhvani Group’s INSCO completes acquisition of Hindustan National Glass under IBC
Independent Sugar Corporation Limited (INSCO), part of the Uganda-based Madhvani Group, on Saturday announced that it has completed the acquisition of Hindustan National Glass & Industries Limited (HNGIL) through...
