Celsius Holdings said on Thursday it would buy health and wellness drinks brand Alani Nutrition in a $1.8 billion deal through a combination of cash and stock, boosting its portfolio to build on the growing demand for...
Ping An to sell 42% stake in Autohome to Haier Group for $1.8 billion
Hong Kong-listed Autohome said on Thursday the financial conglomerate Ping An Insurance will cease to be its controlling shareholder after agreeing to sell a 41.91% stake in the company for $1.8 billion. Yun Chen...
Spirit Airlines gets court approval for $795 million debt deal
A U.S. bankruptcy judge on Thursday approved Spirit Airlines’ debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a private company. U.S...
Britain’s Frasers drops bid for Norway’s XXL
British sportswear and fashion group Frasers said on Thursday it would not proceed with its bid for Norwegian sporting goods retailer XXL ASA, saying several of XXL’s other large shareholders would not accept the...
Boards of Nissan and Honda vote to officially end merger discussions
The boards of Nissan and Honda voted on Thursday to officially end talks to merge the Japanese automakers, two people familiar with the matter said. A tie-up would have created the world’s fourth-biggest auto...
San Francisco 49ers Weigh Stake Sale at $9 Billion Valuation
The San Francisco 49ers are exploring selling a 10% stake at a valuation of more than $9 billion, according to people familiar with the matter, potentially making it one of the world’s most expensive sports teams. It’s...
AI startup Humane to wind down wearable pin business, sell assets to HP
Artificial intelligence startup Humane is shutting down its wearable pin business and selling its assets to personal computer maker HP Inc for $116 million after getting disappointing reviews and lack of orders for the...
Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project
Japanese trading house Mitsui & Co said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated, Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its long-term earnings...
Herc to buy H&E for $3.83 billion after rival United Rentals exits deal
Machinery rentals firm Herc Holdings has signed a deal to buy H&E Equipment Services for $3.83 billion, excluding debt, after H&E terminated its merger agreement with United Rentals, the companies said on...
Siemens raises around $1.5 billion from selling Siemens Healthineers stake
German engineering company Siemens is selling a 2% stake in healthcare subsidiary Siemens Healthineers, it said on Wednesday, raising roughly 1.45 billion euros ($1.5 billion) that could help pay for its acquisition of...
Canadian Tire to sell Helly Hansen business to Kontoor Brands for $901 million
Canadian Tire said on Wednesday it would sell its premium workwear business Helly Hansen to Kontoor Brands for C$1.28 billion ($901.2 million), as part of efforts to focus on its core business. The transaction is...
Saudi Aramco to acquire 25% stake in Unioil Petroleum Philippines
Saudi Arabia’s Aramco has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, the company said in a statement late on Wednesday. The company, however, did not disclose the financial...
