Spirit Airlines and rival Frontier Group are discussing a merger again, more than two years after the two ultra-low-cost carriers failed to close a deal. On Wednesday, the companies revealed their discussions in a...
American Axle to buy GKN automotive owner Dowlais in $1.4 billion deal
Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion), the companies said on Wednesday...
Northvolt sells stake in battery unit to Volvo, to explore North American deals
Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an undisclosed sum and explore potential collaborations in North...
Britain’s competition watchdog probes Iberdrola merger with NWEN
Britain’s Competition and Markets Authority said on Wednesday it was weighing whether a merger of Spain’s Iberdrola and NWEN Ltd could reduce competition in the energy sector, and make it tougher for market...
Donald Trump says Microsoft is in talks to acquire TikTok
President Donald Trump said Monday evening that Microsoft is among the US companies looking to take control of TikTok to help the popular app avert an effective ban that could kick-in in April. “I would say yes,” Trump...
U.S. insurer Brighthouse Financial exploring sale, source says
Brighthouse Financial is exploring options including a potential sale of the U.S. life insurance and annuity provider, according to a source familiar with the matter on Tuesday. Charlotte, North Carolina-based...
Russian state ‘military’ bank in talks to buy electronics giant, newspapers say
A state-owned Russian bank linked to the defence sector is in talks to buy Russian consumer electronics retailer M.Video-Eldorado, the Kommersant and Vedomosti newspapers reported late on Monday, citing sources familiar...
Bain Capital proposes to take Surgery Partners private
Bain Capital Private Equity has proposed to acquire the remaining shares of surgical facility operator Surgery Partners it does not already own for $25.75 apiece, a filing showed on Tuesday. Bain Capital has a 39% stake...
Snam to sell stake in ADNOC gas pipelines to Abu Dhabi’s Lunate
Italy’s gas grid operator Snam will sell its minority stake indirectly held in ADNOC Gas Pipelines to Abu Dhabi-based investment fund Lunate, Snam said on Tuesday. The deal is in line with the Italian...
Alibaba’s Tsai-backed firm buys 12% of Italian luxury sneaker maker Golden Goose
Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday. The investment comes after...
Star Entertainment to divest Star Sydney Event Centre assets as it hunts for cash
Star Entertainment said on Wednesday it would divest its Star Sydney Event Centre assets to theatre owner and operator Foundation Theatres for A$60 million ($37.51 million) as the casino operator undergoes a cash and...
Australia’s Sigma shareholders approve $5.5 billion Chemist Warehouse merger
Australia’s Sigma Healthcare shareholders approved in a vote on Wednesday a merger with Chemist Warehouse to create an A$8.8 billion ($5.50 billion) pharmacy and retailing giant. More than 99% of proxy...
