Australia’s Atlas Arteria on Monday again urged its shareholders to reject IFM Global Infrastructure Fund’s improved takeover offer, saying the revised A$7.40 billion ($5.23 billion) bid still undervalues the...
International News
Australia’s Woodside Energy says it is unaware of any proposal involving Exxon Mobil
Australia’s Woodside Energy said on Monday it was not aware of any proposal involving U.S. major Exxon Mobil and was not engaged in discussions regarding a potential transaction, responding to recent media...
Australia’s Accent Group jumps on $276 million takeover bid from Britain’s Frasers Group
Shares of Accent Group soared as much as 9.2% on Monday after the retailer said it received a A$390.8 million ($276.1 million) takeover offer from Britain’s Frasers Group. Accent said in a statement...
Warburg Pincus to acquire Japan’s J.S.B. in over $1 billion deal, source says
U.S. private equity firm Warburg Pincus is set to launch a tender offer to acquire Japanese student housing provider J.S.B. for over $1 billion, a person with knowledge of the matter said on Friday. The Nikkei first...
Warner music acquires Sureel AI: How AI music attribution is transforming the industry
Warner Music Group’s decision to acquire Sureel AI is a strong signal of where the music industry is quietly heading in the age of generative AI. Instead of simply reacting to AI tools after they disrupt the system...
US Justice Department clears Paramount’s acquisition of Warner Bros
The U.S. Justice Department’s Antitrust Division said it has cleared Paramount Skydance Corp’s planned $110 billion acquisition of Warner Bros. Discovery, saying it was unlikely to harm competition or...
Woodside exercises pre-emptive right to buy PetroChina’s stake in Browse JV
Woodside Energy exercised its pre-emptive right to acquire PetroChina’s 10.67% stake in the Browse gas fields off the coast of Western Australia, the firm said on Friday, blocking a deal agreed with Japan’s...
Holcim wins conditional EU antitrust nod for €1.85 billion Xella acquisition
World No. 2 cement maker Holcim has secured EU antitrust approval for its €1.85 billion acquisition of German walling systems maker Xella after pledging to sell a Romanian business, the European Commission said on...
Utility group AES fields complaints against its $33.4 billion proposed sale
Shareholders of AES Corp have filed two complaints against the U.S. utility group’s planned $33.4 billion sale to a consortium led by BlackRock’s Global Infrastructure Partners and Swedish private-equity...
OpenAI to acquire Ona to strengthen Codex cloud capabilities
OpenAI has announced plans to acquire Ona, a cloud execution and orchestration company, as it looks to expand the capabilities of its Codex platform and support more advanced, long-running artificial intelligence (AI)...
Rabobank, ING, Credit Agricole eye Belfius stake, media reports say
Rabobank, ING and Credit Agricole are all interested in buying a stake in Belgium’s state-owned bank Belfius, as the government plans a partial sale, Belgian newspapers L’Echo and De Tijd reported on...
BlackRock seeks to buy at least $5 billion in SpaceX IPO shares, WSJ reports
Asset manager BlackRock sought to buy at least $5 billion worth of shares in the initial public offering of Elon Musk’s SpaceX, the Wall Street Journal reported on Thursday, citing people familiar with the...
