Palo Alto Networks said on Wednesday it will buy cloud management and monitoring company Chronosphere for $3.35 billion, as the cybersecurity firm looks to strengthen its AI offerings. The Santa Clara, California-based...
Blockfusion to list in New York via $450 million SPAC deal
Data center operator Blockfusion said on Wednesday it would list in the United States through a merger with blank-check firm Blue Acquisition Corp in a deal valued at $450 million, as investor appetite for the sector...
Atkore explores potential sale after activist pressure, Bloomberg News reports
Electric component maker Atkore is considering options including a potential sale after it came under activist investor pressure, Bloomberg News reported on Wednesday, citing people familiar with the matter...
Axalta investor Artisan Partners urges rejection of AkzoNobel deal
Investor Artisan Partners is unhappy with Axalta Coating Systems’ plans to combine with AkzoNobel in an all-stock deal that will create a paint industry giant with an enterprise value of $25 billion. “As an...
Total and Chevron lead race to buy into Galp’s Namibia oil discovery, sources say
Oil majors TotalEnergies and Chevron have emerged as front-runners in the auction for a 40% operating stake in Galp’s Mopane discovery in Namibia, four sources told Reuters. Oil companies have flocked to Namibia...
Akzo Nobel buys Axalta to build $25 bn paint company
Akzo Nobel NV agreed to acquire smaller rival paint maker Axalta Coating Systems Ltd. in a deal that will create a US-listed leader with combined annual sales of almost $17 billion. Under the agreement, which confirmed...
Mexico’s ASUR buys Motiva’s Latin American airports in $2.2 billion deal
Mexico’s Grupo Aeroportuario del Sureste (ASUR) signed a contract to buy the airport portfolio of Brazilian infrastructure operator Motiva for 11.5 billion reais ($2.16 billion), including net debt, Motiva said on...
US states can intervene to challenge HPE’s $14 billion Juniper acquisition
A group of U.S. states can intervene in a case over Hewlett-Packard Enterprise’s $14 billion acquisition of Juniper Networks, which the U.S. Department of Justice has proposed to settle and let the deal move...
Topgolf Callaway sells majority stake in unit at $1.1 billion valuation
Golf-equipment maker Topgolf Callaway Brands agreed to sell a majority stake in its Topgolf unit to private equity firm Leonard Green on Tuesday, valuing the business at $1.1 billion and marking an end to the...
Poland’s ING Bank Slaski agrees to acquire remaining 55% stake in Goldman Sachs TFI
ING Bank Slaski said on Tuesday that it had agreed to acquire the remaining 55% stake in Polish asset management company Goldman Sachs TFI from Goldman Sachs Asset Management International Holdings for 396 million...
Italy counting on M&A deal to cut MPS stake, favours BPM merger, sources say
Italy will hold onto its remaining 4.9% stake in bailed-out bank Monte dei Paschi di Siena (MPS) while the lender incorporates its recently-acquired rival Mediobanca, two sources close to the matter told Reuters. But...
Broadcaster Sinclair builds stake in rival Scripps, presses for merger
U.S. broadcaster Sinclair on Monday disclosed an 8.2% stake in smaller rival E.W. Scripps and said it has been in talks for months about a deal that would combine the companies. Shares of Cincinnati-based Scripps jumped...
