Unilever said on Tuesday it was in advanced talks to combine its food business with spice maker McCormick in a potential deal that would deliver $15.7 billion in cash and give shareholders majority control of the...
American Exchange Group to buy sneaker maker Allbirds for $39 million
American Exchange Group (AXNY) entered an agreement on Monday to buy all the assets and liabilities of footwear maker Allbirds for $39 million. Here are some details on this: Allbirds plans to file a proxy statement...
Unilever-McCormick potential food unit deal includes $16 billion cash component, WSJ reports
Unilever is in advanced talks to combine its food business with U.S. spice maker McCormick, in a deal that includes a cash component of around $16 billion, the Wall Street Journal reported on Monday, citing people...
Canada’s Sun Life buys remaining stakes in BGO, Crescent Capital
Canada’s Sun Life Financial said on Monday it had completed an acquisition of the remaining stakes in BGO and Crescent Capital that it did not already own. The insurer paid C$1.59 billion ($1.14 billion) for...
Japan Post Insurance to acquire 2.9% stake in Britain’s Ashmore Group
British wealth manager Ashmore said on Tuesday that Japan Post Insurance (JPI) had agreed to acquire up to a 2.9% stake in the company and also invest $1 billion in Ashmore-managed emerging market funds...
CMS Info Systems acquires FSS’s ATM managed services business for Rs 115 crore
In a significant signal of consolidation in India’s ATM industry, CMS Info Systems — the country’s largest ATM and cash management company — has acquired the ATM Managed Services business of Financial...
JSW Steel says Japan’s JFE invests Rs 7,875 crore in JSW Kalinga, picks up 25% stake
JSW Steel on Monday said Japan’s JFE Steel Corporation has invested Rs 7,875 crore in its subsidiary JSW Kalinga Steel, acquiring a 25% stake and triggering joint control of the venture. The investment marks the first...
Bankruptcy court admits BSE-listed Supha Pharmachem under Insolvency Resolution Process
The bankruptcy court in Mumbai has admitted the listed pharma firm, Supha Pharmachem (formerly Remedium Lifecare), to the Corporate Insolvency Resolution Process (CIRP) and has appointed Rajesh Jhunjhunwala as the...
EPL, Indovida to merge in $2 billion packaging deal
EPL, a global leader in laminated plastic tube packaging backed by Blackstone, on Sunday said that it will merge with Indovida India, a rigid polyethylene terephthalate (PET) packaging platform owned by Indorama...
Mazagon Dock Shipbuilders acquires controlling stake in Colombo Dockyard PLC
Mazagon Dock Shipbuilders announced that as part of the Tripartite Agreement entered with Colombo Dockyard PLC (CDPLC) and Onomichi Dockyard Co., the Company has concluded the further acquisition of 3,66,49,271 fully...
Austria’s Raiffeisen to buy BBVA’s Romania unit for $680 million
Austria’s Raiffeisen Bank said on Saturday it would buy Garanti BBVA’s Romanian business for 591 million euros ($680 million), its first significant acquisition in recent years. The deal marks a turning...
Italy’s Poste seeks meeting with Telecom Italia board over takeover bid, sources say
Poste Italiane has asked the board of Telecom Italia (TIM) for a meeting where Chief Executive Matteo Del Fante could present the postal services group’s 10.8 billion euro ($12 billion) cash-and-share bid for the...
