Two Canadian pension funds plan to sell their stakes in Associated British Ports (ABP) in a deal that they hope will value the UK’s biggest ports operator at more than 10 billion pounds ($13.63 billion), the...
Texas Instruments strikes $7.5 billion deal for Silicon Labs to boost wireless footprint
Texas Instruments on Wednesday agreed to buy chip designer Silicon Laboratories for about $7.5 billion, aiming to expand its presence in wireless connectivity chips used in industrial and consumer applications. For TI...
Henkel to buy speciality coatings company Stahl for 2.1 billion euros
Persil-owner Henkel said on Wednesday it had agreed to buy speciality coatings company Stahl for 2.1 billion euros ($2.5 billion) from Stahl Group, which is majority owned by French private equity firm Wendel. The move...
IGI Acquires AGL, Expanding its Global Footprint in Colored Gemstone Certification
The International Gemological Institute (IGI), one of the world’s largest and most trusted independent diamond grading and certification organizations, today announced the acquisition of American Gemological...
KKR, Singtel pay $5.2 billion for full control of data centre operator STT GDC
A KKR and Singapore Telecommunications consortium will pay S$6.6 billion ($5.2 billion) in cash to take full control of ST Telemedia Global Data Centres (STT GDC), the companies said on Tuesday, in an intensifying race...
Germany buys minority stake in grid operator TenneT for $3.9 billion
Germany has agreed to buy 25.1% of Dutch grid operator TenneT’s German division for 3.3 billion euros ($3.9 billion), it said on Tuesday, in a long-planned move to tighten Berlin’s control over critical...
Donerail offers to buy MarineMax in all-cash deal valued $1.1 billion
Activist investor Donerail Group said on Tuesday it had submitted a non-binding indicative proposal to acquire MarineMax at $35 per share, in an all-cash deal that would value the superyacht service company at $1.1...
Glencore in talks to sell 40% stake in DRC mines to US-backed consortium
Glencore is in talks to sell a 40% stake in its copper and cobalt operations in the Democratic Republic of Congo to a U.S.-backed consortium in a deal valuing the assets at about $9 billion, including debt, it said on...
Medical device maker Medtronic to buy CathWorks in up to $585 million deal
Medtronic said on Tuesday it would buy privately held CathWorks in a deal valued at up to $585 million, as it looks to bolster its heart devices portfolio by adding a new diagnostic tool that could improve care...
Australia’s Qoria to merge with US-based Aura in $675 million deal
Australia-listed Qoria said on Monday that U.S.-based Aura Consolidated Group would acquire the tech firm at an implied valuation of A$972 million ($675.64 million), and then relist the merged entity on the Australian...
Elon Musk’s SpaceX acquires xAI in record-setting deal ahead of mega IPO
Billionaire Elon Musk said on Monday that his rocket venture, SpaceX, has acquired his artificial-intelligence startup xAI in a record-setting deal. The deal was announced in a memo, sources told Bloomberg. According to...
Donerail offers to buy superyacht service company MarineMax in all-cash deal valued at roughly $1 billion, sources say
Donerail Group has offered to buy MarineMax for $35 per share in an all-cash deal that would value the superyacht service company at just over $1 billion, three sources familiar with the matter told Reuters. The offer...
