Dulux paint maker Akzo Nobel NV is in talks to merge with paintmaker Axalta Coating Systems, Bloomberg News reported on Monday, citing sources familiar with the matter. Shares of Axalta were up 14% in after-market...
Goldman Sachs in exclusive talks for Burger King Japan acquisition
Hong Kong-based investment fund Affinity Equity Partners has given Goldman Sachs exclusive rights to negotiate the sale of Burger King’s operations in Japan, according to a report by Nikkei Asia on Monday. The potential...
Nuvoco to acquire Algebra Endeavour (holding company of Vadraj Energy (Gujarat))
Nuvoco Vistas Corporation has today signed and executed Securities Purchase Agreement for acquisition of 100% of securities of Algebra Endeavour (the holding company of Vadraj Energy (Gujarat)) with JSW Cement, Alpha...
Chevron joins race to explore potential purchase of Lukoil assets, sources say
U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday. The U.S. Treasury gave clearance last week to...
Buyout firm Thoma Bravo has offered to buy Clearwater Analytics, sources say
Private equity firm Thoma Bravo has made an offer to acquire Clearwater Analytics, people familiar with the matter said on Monday, as the race to buy out the software provider to investment firms gathers pace. THE...
KKR to buy up to $75.4 billion of PayPal’s European BNPL loans in renewed deal
PayPal and KKR have renewed their partnership that will see the investment giant purchase up to 65 billion euros ($75.4 billion) of the payments provider’s European buy now, pay later loans, the companies said on...
J&J expands cancer portfolio with $3.05 billion Halda buy
Johnson & Johnson said on Monday it would buy privately held Halda Therapeutics for $3.05 billion in cash, aiming to expand its presence in treatments targeting solid tumors and prostate cancer. This marks the...
L’Oréal buys second Chinese skincare stake as C-Beauty brands snare market share
Cosmetics giant L’Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly...
Law firms Ashurst, Perkins Coie agree merger to create global top-20 outfit
London-headquartered law firm Ashurst and U.S.-based Perkins Coie on Monday announced they have agreed a merger which would create a combined firm of 3,000 lawyers with $2.7 billion in revenue, putting it in the top 20...
GlobalFoundries buys Singapore’s Advanced Micro Foundry in push to speed up AI data center networks
Chip manufacturer GlobalFoundries said on Monday it has acquired Advanced Micro Foundry (AMF), a Singapore-based chipmaker that focuses on silicon photonics, a fast-growing field that is being used in artificial...
Abu Dhabi’s ADIA to sell 5% stake in Qatar telco Ooredoo
The Abu Dhabi Investment Authority will sell 160.5 million of its existing shares in Qatari telecommunications company Ooredoo, around half of its shareholding, in a secondary share offering, Ooredoo said on Monday. The...
Vattenfall to sell electricity distribution business in Britain to Eclipse Power
Swedish utility Vattenfall said on Monday it had agreed to sell its electricity distribution business in Britain, Vattenfall Networks, to Eclipse Power. “The sale supports Vattenfall’s purpose to enable fossil...
