LAT Aerospace, cofounded by Deepinder Goyal and former Zomato COO Surobhi Das, has acquired Gurugram-based defence robotics startup Sharang Shakti. In a post on X, Goyal said that the acquisition is LAT...
Activist Irenic builds stake in Ralliant, pushes for cost cuts
Irenic Capital Management has built a sizable stake in Ralliant and wants the precision technology maker to cut costs, buy back more stock at a faster pace and focus more on its defense and electronics business, two...
Einride spins off design organisation
Swedish self-driving truck startup Einride said on Tuesday it had spun off its design business and sold a majority stake in the new company to Navisalma Design. “Einride will retain a minority ownership stake in...
Strata Geosystems Acquires India-Based Venus Interlinings to Strengthen Geotextiles Presence
Strata Geosystems today announced the strategic acquisition of Venus Interlinings, a leading India-based manufacturer of advanced non-woven geotextiles and technical textiles. – Expands Manufacturing Footprint...
Johnson Matthey accepts 26% price cut on Honeywell deal as catalyst unit underperforms
Johnson Matthey on Monday agreed to cut the sale price of its catalyst technologies business to Honeywell by 26% as the unit’s profitability weakened, sending its shares down over 17%. The British chemicals...
Canada’s Cando Rail & Terminals to buy US rail assets of Savage Enterprises
Canadian railroad contractor Cando Rail & Terminals will buy the U.S. rail assets of Savage Enterprises as it expands its footprint across the U.S., Cando announced on Monday. Financial terms were not disclosed. The...
Keurig Dr Pepper secures additional $1.5 billion funding for JDE Peet’s buyout
Keurig Dr Pepper said on Monday it had raised an additional $1.5 billion of equity funding from long-term investors as part of its financing plan for the roughly $18 billion acquisition of Dutch coffee giant JDE...
ASM Tech inks pact to acquire 20% stake in Myelin Foundry
ASM Technologies announced that it has signed a definitive agreement to acquire 20% stake in Myelin Foundry, with the aim to deploy patented, high-performance AI solutions across advanced engineering design-led...
TXNM Energy gets FERC approval for $11.5 billion Blackstone deal
TXNM Energy on Friday said the U.S. Federal Energy Regulatory Commission (FERC) had authorized the company’s acquisition by Blackstone Infrastructure. Last year, Blackstone agreed to acquire the utility company in...
ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports
ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up...
Toymaker Funko pushed by investor Pleasant Lake to explore strategic options
Pleasant Lake Partners disclosed a roughly 10% stake in toymaker Funko and said the company should consider strategic alternatives, including the possibility of a sale, according to a regulatory filing from Thursday...
Arm Holdings shares rise after Nvidia exits its entire $155.8M stake
Arm shares rose more than 1% in premarket trading on Wednesday (February 18) following the disclosure that Nvidia has sold its entire stake in the British semiconductor firm, signaling investor confidence in Arm’s...
