Activist investor Elliott Management said on Friday it has invested more than $1.5 billion in Aspen Technology, opposing the company’s decision to accept Emerson Electric’s $7.2 billion tender offer. Elliott...
BofA to buy $9 bln residential mortgage loan from Canada’s TD, source says
Bank of America has agreed to buy a $9 billion portfolio of residential mortgage loans from Toronto-Dominion Bank, a source familiar with the matter said on Friday. TD did not immediately respond to a request for...
Perfios acquires fraud detection platform Clari5
Perfios, a provider of software services to banks and other financial services companies, acquired CustomerXPs, which operates fraud detection platform Clari5. Perfios did not disclose any financial terms. Perfios chief...
Phenom acquires EDGE, strengthening its AI-powered resource planning solutions for the GCC market
Phenom, an AI company specializing in HR has acquired EDGE, a resource management and talent mobility platform. The acquisition of the Bengaluru-based company strengthens Phenom’s workforce intelligence solutions for...
Board of Orient Technologies approves acquisition of majority stake in eProtect 360 Solutions
At meeting held on 06 February 2025 The Board of Orient Technologies at its meeting held on 06 February 2025 has granted in-principle approval for the acquisition of a 60% stake in eProtect 360 Solutions for a cash...
Honeywell to split into 3 companies after Elliott Management takes $5 bn stake
Honeywell is splitting into three independently listed companies, breaking up one of America’s last standing conglomerates just months after activist investor Elliott Management took a $5 billion stake in the...
Ontario Teachers’ Pension Plan explores $4 billion-plus sale of Mitratech, sources say
Ontario Teachers’ Pension Plan is exploring a potential sale of Mitratech that could value the provider of legal and compliance software at more than $4 billion, including debt, according to people familiar with...
KKR sweetens offer for Fuji Soft as bidding war with Bain goes another round
U.S. private equity firm KKR has sweetened its offer for Japan’s Fuji Soft by 4%, the latest salvo in its protracted and messy bidding war with Bain Capital for the $4 billion IT firm. The saga underscores an...
Canada’s BCI to buy BBGI infrastructure fund in $1.32 billion deal
Canada’s BCI, one of the country’s largest asset managers, will buy BBGI Global Infrastructure S.A. in a deal valuing the Luxembourg-based investment firm at 1.06 billion pounds ($1.32 billion), the...
AMD’s $4.9 bln ZT Systems deal faces EU antitrust decision by March 12
European Union antitrust regulators will decide by March 12 whether to clear U.S. chipmaker AMD’s $4.9 billion bid for server maker ZT Systems, a European Commission filing showed on Wednesday. AMD announced the...
Three bidders in fray to acquire Morarjee Textiles
Ashok Piramal Group’s Morarjee Textiles has received three bids to take over the company in a court monitored bankruptcy process, people familiar with the details said. Morarjee owes creditors, led by Indian Bank...
De La Rue begins formal sale process after interest from Edi Truell’s consortium, others
UK banknote printer De La Rue said on Tuesday it had commenced a formal sale process after it received preliminary takeover approaches from parties other than a consortium of British financier Edi Truell’s...
