Lockheed Martin is leading the race to acquire Ultra Maritime, owned by private-equity firm Advent International, in a deal that could value the naval defence business at about $3.5 billion, the Financial Times...
International News
Australia orders in-depth review of Exxon-opposed Subsea7-Saipem merger
An Australian watchdog said on Friday the proposed merger between energy contractors Subsea7 and Saipem will proceed to a Phase 2 review, citing concerns that a deal could trim competition in domestic offshore oil and...
Yara buys Texas ammonia plant for $1.3 billion
Norwegian fertiliser maker Yara said on Thursday its subsidiary had agreed to buy Gulf Coast Ammonia’s production plant in Texas from GCA Holdings LLC for $1.3 billion. The deal follows Yara’s decision...
SoftBank’s LY, Bain raise Kakaku bid again with $4.1 bln valuation
SoftBank’s LY Corp and Bain Capital have again raised their bid for Kakaku.com, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening the gap over a rival offer...
CMA CGM to buy FedEx third-party logistics arm for $1.4 billion
CMA CGM has agreed to buy FedEx’s third-party logistics business for an enterprise value of $1.4 billion as the French shipping group seeks to expand its presence in the logistics sector and in the United States...
Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up
U.S. grocer Kroger has reached a $1.65 billion deal to buy regional supermarket chain Giant Eagle, it said on Wednesday, strengthening its presence in the Midwest and the Mid-Atlantic region. Its first transaction under...
ING close to buying 40% stake in Spain’s Singular, source says
ING Spain is close to finalising the purchase of a 40% stake in Singular Bank as part of its plans to enter the Spanish private banking sector, a person with knowledge of the matter said on Wednesday. The deal, first...
Mega-deals fuel record M&A as boards dream big on takeovers
A surge in $10-billion-plus “mega-deals” drove global M&A to record levels in the first half of 2026, LSEG data shows, as some companies took advantage of an easier regulatory backdrop to pursue what...
OpenAI proposes handing Trump administration 5% stake, FT reports
OpenAI has discussed giving the U.S. government a 5% stake, the Financial Times reported on Thursday, as AI firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans...
Rocket Lab buys Iridium in $8 billion deal, to expand beyond launches
Rocket Lab struck an $8 billion deal to acquire satellite communications provider Iridium Communications on Monday, betting that owning everything from rockets to satellite networks will define the next generation of...
Schneider Electric signs deal to buy AI software player Cognite for $3.1 billion
Schneider Electric said on Tuesday it had signed an agreement to acquire Cognite Holding, a provider of AI software and industrial data. The French multinational said in a press release it would pay $3.1...
UK may intervene in $110 billion Paramount-Warner Bros Discovery deal
Britain said on Tuesday it could intervene in Paramount Skydance Corp’s proposed takeover of Warner Bros Discovery, potentially holding up the $110 billion deal after the U.S. and China gave it the green light...
