Privately owned U.S. oil and gas producer Validus Energy has struck a deal to buy rival 89 Energy III for about $850 million, including debt, sources familiar with the matter told Reuters. The deal adds more than 25,000...
Portugal’s government seeks political deal to sell minority stake in flag carrier TAP
Portugal’s centre-right minority government wants to reach an agreement on a partial privatisation of national airline TAP with the main opposition Socialists, aiming to sell a minority stake of up to 49%...
United Group sells Serbia Broadband to e& PPF Telecom Group, disposes other assets
Balkan telecoms and media company United Group has agreed to sell its broadband provider Serbia Broadband to e& PPF Telecoms Group and other assets to Telekom Srbija in a deal with an enterprise value of 1.5 billion...
Restaurant chain Dave’s Hot Chicken explores sale, sources say
Dave’s Hot Chicken, which counts rapper Drake among its investors, is exploring a potential sale that could value the popular restaurant chain at about $1 billion, including debt, people familiar with the matter said on...
Elliott builds $2.5 billion stake in Phillips 66, pushes for midstream business sale
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and plans to push for operational changes and the sale of the company’s midstream business...
No decision on stake sale in Unicredit, Delfin source says
The Del Vecchio family’s holding, Delfin, has not yet made a decision on a possible sale of its 2.7% stake in UniCredit and has “full confidence” in the leadership of the Italian bank’s CEO...
Spirit Airlines rejects acquisition offer from Frontier Group again
Spirit Airlines on Tuesday rejected Frontier Group’s acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than its ongoing...
How Nissan and Honda’s $60 billion merger talks collapsed
Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry. Years of...
Peak XV Partners sells 1% stake in SaaS firm Freshworks for $51.5 million
Venture capital firm Peak XV Partners has sold a nearly 1% stake in software-as-a-service (SaaS) company Freshworks for $51.5 million, according to filings made with the US Securities and Exchange Commission. The stake...
Hyatt Hotels to acquire Playa Hotels & Resorts for about $2.6 billion
Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean. The acquisition follows rising...
Germany’s Merck in advanced talks to acquire US biotech firm SpringWorks
Merck KGaA, the German healthcare and technology group, said on Monday it is in advanced talks to acquire U.S. cancer and rare diseases drugmaker SpringWorks Therapeutics. Merck, in a statement, said its negotiations to...
Canada’s TD Bank to exit Charles Schwab stake worth $15.4 billion
Canada’s Toronto-Dominion Bank said it would offload its 10.1% stake in U.S. financial services firm Charles Schwab, as part of a strategic review undertaken following a landmark U.S. fine. TD holds 184.7 million...
