An investor group backed by BlackRock agreed to buy a majority stake in the Hong Kong-based company that runs ports along either side of the Panama Canal, giving a U.S. firm control of key docks amid pressure from the...
Honeywell to buy pump maker Sundyne for $2.16 billion
Honeywell International said on Tuesday it would buy pump-maker Sundyne from private-equity firm Warburg Pincus for $2.16 billion in cash, as the U.S. conglomerate strengthens its energy business ahead of a planned...
FDIC moves to roll back merger policy that scrutinized larger deals
The Federal Deposit Insurance Corporation’s board of directors approved a proposal Monday to roll back a Biden-era policy that ramped up the scrutiny of large bank mergers, the agency said in a statement on Monday...
ADNOC, OMV agree to merge petchem firms to create $60 billion giant
Abu Dhabi National Oil Company and Austria’s OMV will merge their polyolefin businesses to create a $60 billion chemicals powerhouse, the companies said, as the Gulf state oil firm advances its aggressive growth...
China’s BYD raises $5.59 billion in share sale, Hong Kong’s largest in four years
Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a primary share sale that was increased in size, making it the largest of its kind in Hong Kong in four years. The company said it sold...
Genesis Energy sells soda ash operations for $1.43 bln
Genesis Energy said on Monday it had sold its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion, helping the pipeline operator to focus on the midstream energy sector. Shares...
UK’s Topps Tiles-CTD Tiles deal may get approval, competition regulator says
Britain’s competition regulator said on Monday it might green light Topps Tiles’ 9 million-pound ($11.3 million) acquisition of CTD Tiles, if the proposed remedies are found sufficient. Last month, the...
Caltagirone has raised his stake in Generali to 8%, MF daily says
Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday, citing financial sources. A spokesperson for Caltagirone had no immediate...
Shell mulls sale of European, US chemicals assets, WSJ reports
Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported on Sunday, citing sources familiar with the matter. The energy group has hired Morgan...
MPLX to buy remaining interest in BANGL natural gas pipeline for $715 million
Midstream company MPLX said on Friday it would buy the remaining 55% interest in the BANGL natural gas pipeline from the affiliates of WhiteWater and Diamondback Energy for $715 million, as it looks to increase its...
Prada moving closer to $1.6 billion deal for Versace, Bloomberg News reports
Italian luxury group Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday...
Welltower to acquire Amica Senior Lifestyles portfolio for $3.2 billion
Real estate income trust Welltower said on Sunday it will acquire Canada-based senior living company Amica Senior Lifestyles’ portfolio from the Ontario Teachers’ Pension Plan for C$4.6 billion ($3.18...
