Convenience food manufacturer Greencore on Wednesday agreed to buy rival Bakkavor in a deal valued at 1.2 billion pounds ($1.55 billion), to create a convenience foods giant in Britain. Greencore has offered to buy...
Safran to win EU approval for $1.8 billion Collins deal, sources say
French engine and aircraft equipment maker Safran is set to secure conditional EU antitrust approval for its $1.8 billion bid for Collins Aerospace’s flight controls business, people with direct knowledge of the...
Denmark’s Maersk buys Panama Canal Railway Company
Canadian Pacific Kansas City said on Wednesday it and U.S.-based Lanco Group have sold the Panama Canal Railway Company to a unit of Denmark’s Maersk, one of the world’s largest container shipping groups...
Mexico’s Inbursa sells 49.9% stake in STM Financial to Stellantis subsidiary
Mexican bank Grupo Financiero Inbursa said it will sell a 49.9% stake in its automotive finance unit STM Financial to Fidis, a subsidiary of car manufacturer Stellantis. Inbursa, owned by Mexican tycoon Carlos Slim...
Qualcomm considers takeover offer for UK’s Alphawave
Chipmaker Qualcomm said on Tuesday it is considering making an offer to acquire UK-based Alphawave IP Group.
Arm recently sought to acquire Alphawave for AI chip tech, sources say
SoftBank-owned chip tech provider Arm Holdings recently sought to acquire Alphawave, a UK-based supplier of semiconductor intellectual property, to secure a crucial technology that is crucial for building its own...
Couche-Tard, 7-Eleven face early hurdle on store divestiture plan
Convenience store chain giants Couche-Tard and Seven & i, who are taking steps to divest thousands of stores they collectively own in North America to ease regulatory concerns ahead of a potential merger, are faced...
Chinese automakers Dongfeng Motor and Changan Auto hold merger talks, NYT reports
Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations, the New York Times reported on Tuesday, citing people with knowledge of the matter. The two...
Brazil’s BRB only acquiring key assets from Banco Master, CEO says
Government-controlled Banco de Brasilia (BRB) only agreed to acquire the healthiest and most strategically relevant assets from fellow lender Banco Master after months of negotiations, BRB CEO Paulo Henrique Costa said...
EU regulators to decide on ADNOC’s Covestro deal by May 12
EU antitrust regulators will decide by May 12 whether to clear Abu Dhabi state oil giant ADNOC’s 15.9 billion euro ($17.2 billion) takeover of German chemicals company Covestro, a regulatory filing on the European...
Carrefour acquires convenience retailer Magne, to open more stores this year
French supermarket group Carrefour announced on Tuesday the acquisition of French convenience retailer Magne, which owns 101 stores in the south-east of France. Carrefour also plans to open 400 of its own convenience...
Hooters Files for Bankruptcy as Brand Eyes Turnaround Plan
Hooters of America has filed for bankruptcy as the casual-dining brand known for its chicken wings and skimpy server uniforms struggles to lure customers. The Atlanta-based company filed for Chapter 11 bankruptcy in the...
