Comcast said on Wednesday that it plans to spin-off the bulk of its fading NBCUniversal cable TV networks, including MSNBC and CNBC, as the company said it is repositioning itself for growth in the streaming era. Shares...
Amcor to buy Berry Global in $8.4 billion deal to create packaging powerhouse
Switzerland-based Amcor Plc, on Tuesday agreed to buy U.S. peer Berry Global for $8.43 billion in an all-stock deal, creating a consumer and healthcare packaging giant with combined revenues of $24 billion. As part of...
South Africa’s Tiger Brands to sell Baby Wellbeing business, excluding Purity
South Africa’s biggest food producer Tiger Brands said on Wednesday it will sell its Baby Wellbeing business for 605 million rand ($33.4 million), but will exclude its Purity brand, which it described as a core...
DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln
Pipeline operator DT Midstream said on Tuesday it would acquire three natural gas transmission pipelines from ONEOK for $1.2 billion in cash, boosting its presence in the Midwest market amid rapid consolidation in the U...
Australia’s Sayona Mining to buy US-based Piedmont Lithium
Australia’s Sayona Mining will buy U.S.-based Piedmont Lithium in an all-stock deal that will consolidate its Canadian operations and strengthen its exposure to the North American electric vehicle sector, the...
Blackstone nears deal for Jersey Mike’s Subs, source says
Buyout firm Blackstone is nearing a deal for Jersey Mike’s Subs that would value the U.S. sandwich chain at around $8 billion, including debt, and could be announced as early as this week, a person familiar with...
Trump’s social media group in talks to buy Bakkt, FT reports
Donald Trump’s social media company is in advanced talks to buy crypto trading firm Bakkt, the Financial Times reported, on Monday, citing two people with knowledge of the talks. Trump Media and Technology Group...
US no-frills pioneer Spirit Airlines files for bankruptcy protection
Spirit Airlines has filed for bankruptcy protection, the no-frills U.S. travel pioneer said on Monday, after struggling with years of losses, failed merger attempts and heavy debt levels. It is the first major U.S...
Medical services provider CareMax files for Chapter 11 restructuring
CareMax, which operates 56 medical centers in Florida, Texas, Tennessee and New York catering largely to older patients, filed for Chapter 11 bankruptcy in Texas on Sunday. The Miami-based firm listed debts of $693...
Coach parent Tapestry pulls $8.5 bln bid for Capri after FTC roadblock
Tapestry is terminating its $8.5 billion deal to buy Michael Kors-owner Capri following a legal hurdle, the companies said on Thursday, ending their effort to create a U.S. luxury giant to compete with major European...
Nordic Capital closes in on deal for Astorg’s Anaqua, sources say
Private equity firm Astorg is nearing a sale of its U.S.-based intellectual property software firm Anaqua to Nordic Capital for around $2.5 billion, two people familiar with the matter told Reuters. The buyout firms are...
Italy’s Moltiply sole suitor for ProSieben’s e-unit Verivox, sources say
Italy’s Moltiply Group has emerged as the only bidder for German media group ProSiebenSat.1’s price comparison portal Verivox, two sources close to the matter said. Verivox’s sale process is being...
