Polish state-controlled refiner Orlen said on Wednesday it plans to buy out the remaining shares in its utility unit Energa to take full ownership, with a price tag of about 709 million zlotys ($189 million). The move...
Angermayer’s Enhanced to list on Nasdaq in $1.2 billion SPAC deal
Sports technology firm Enhanced said on Wednesday it will go public in the U.S. through a merger with special purpose acquisition company A Paradise Acquisition Corp, in a deal valued at $1.2 billion. Blank-check firms...
Brookfield, GIC offer record $2.6 billion for Australia’s National Storage
Australia’s National Storage REIT said on Wednesday it had received a A$4.02 billion ($2.61 billion) buyout offer from a consortium of Brookfield and Singapore’s GIC in what would be the country’s biggest...
IT services firm Xoriant acquires TestDevLab to deepen European footprint
Mid-sized IT services company Xoriant announced the acquisition of TestDevLab, a Latvia‑headquartered software quality engineering company, to strengthen its presence in the European region. While the companies did not...
US judge approves bid from Elliott affiliate for Citgo Petroleum parent
A U.S. judge on Tuesday approved a $5.9 billion bid from an affiliate of Elliott Investment Management in the court-organized auction of Citgo Petroleum’s parent, clearing the way to order the sale of Venezuela...
South Korea’s HD Hyundai, Lotte Chemical submit plan to restructure petrochemical businesses
South Korea’s HD Hyundai and Lotte Chemical have submitted a plan to the industry ministry on restructuring their petrochemical businesses, the companies said in separate regulatory filings on Wednesday. Under the...
Saudi wealth fund PIF to sell 3.3% stake in Mecca project developer
Saudi Arabia’s public wealth fund PIF plans to sell 3.3% of its stake in Umm Al Qura for Development and Construction Co through an accelerated bookbuild, one of the banks arranging the deal said on Tuesday. The...
Grindr ends talks on $3.46 billion take-private bid over financing uncertainty
Dating app Grindr said on Monday it has ended talks on a $3.46 billion take-private deal by its two largest shareholders, citing uncertainty over the deal’s financing. Shares of the company were down about 12%...
Uber seeks Turkish blessing to buy Getir Food from Mubadala, sources say
Uber has reached agreement on key elements of a deal to acquire Turkish delivery company Getir’s food business from Emirati controlling shareholder Mubadala, and they have sought approval from Turkish authorities...
Sinclair offers to buy E.W. Scripps in bid to expand broadcast TV reach
U.S. broadcaster Sinclair has offered to buy E.W. Scripps in a cash-and-stock deal that values its smaller rival at $538 million, as cord-cutting and competition from streaming services lead to consolidation in the...
Financial services firm SWB to list on NYSE in $8.1 billion SPAC deal
Financial services firm SWB will go public in the U.S. through a merger with Soulpower Acquisition Corp in a $8.1 billion deal, the special purpose acquisition company said on Monday. Blank-check deals have made a...
Hungary’s second largest bank MBH to sell 7% stake in public offer
Hungary’s second largest lender MBH Bank will sell 7% of its shares in a public offering starting from Tuesday to broaden the investor base and increase trading activity, the bank said in a statement on Monday...
