U.S. insurers Equitable and Corebridge Financial said on Thursday they will merge in an all-stock deal that would create a $22 billion retirement, life insurance and asset management company. The combined company will...
International News
KKCG Maritime sweetens offer for raising stake in Italian yacht maker Ferretti
Czech investment firm KKCG Maritime on Friday raised its voluntary offer to boost its stake in Italian yacht maker Ferretti, to as much as 203.3 million euros ($234.55 million). The revised offer of 3.90 euros per...
ABF’s Hovis takeover clears Britain review, flagged in Northern Ireland
Britain’s competition regulator on Thursday flagged competition risks in Northern Ireland over Associated British Foods’ acquisition of rival Hovis, while provisionally clearing it in Britain after finding...
Malaysia’s Sunway wins shareholder approval for $2.76 billion IJM takeover bid
Malaysian conglomerate Sunway won shareholder approval for its proposed takeover of construction firm IJM Corp, with 99.27% voting in favour at an extraordinary general meeting on Thursday, its chairman Jeffrey Cheah...
Thyssenkrupp, Jindal Steel sale talks falter on pension, energy costs, sources say
Discussions of a possible sale of Thyssenkrupp’s steel unit to Jindal Steel International could be called off due to differences over pension liabilities, investments and energy costs, four people familiar with...
Spanish gambling group Codere to go on sale for $2.3 billion, Expansion reports
Spanish gambling group Codere has hired Jefferies and Macquarie Capital to advise on the company’s imminent sale that could value it at more than 2 billion euros ($2.32 billion), newspaper Expansion reported on...
Germany’s Henkel nears deal for hair care brand Olaplex, Bloomberg News reports
Germany’s Henkel is in advanced talks to buy U.S. hair care brand Olaplex in a deal that would value the company at about $2 per share, Bloomberg News reported on Wednesday, citing sources. Here are some...
KKR-backed OHB taps banks for share sale, Bloomberg News reports
German satellite maker OHB is working on a share sale, potentially allowing minority investor KKR to reduce its stake, Bloomberg News reported on Wednesday. A deal could value OHB at slightly above its market value...
KKR to acquire Nothing Bundt Cakes for over $2 billion, source says
U.S. private equity firm KKR has struck a deal to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt, a source familiar with the matter told Reuters on Wednesday. The...
NatWest to sell HR consultancy unit Mentor in streamlining push
NatWest is selling its human resources advisory business Mentor to private equity-backed Empowering People Group, the British lender said on Wednesday, as it streamlines operations to focus on core banking and wealth...
Estee Lauder in talks to acquire Puig to create beauty giant
Estee Lauder said it’s in talks to buy Puig Brands in a deal that would create a cosmetics giant with about $20 billion in annual sales. The companies declined to offer details on the terms. Puig, based in Spain...
China bars Manus co-founders from leaving country as it reviews sale to Meta, FT reports
China has restricted two co-founders of artificial intelligence startup Manus from leaving the country as regulators review whether Meta’s $2 billion acquisition of the firm violated investment rules, the...
