Pan-European stock exchange Euronext on Tuesday announced it would acquire Nasdaq’s Nordic power futures activities, as it seeks to widen its business in the northern European electricity market. Euronext’s...
Is Oracle acquiring TikTok? Here’s what Donald Trump said about the sale
Former U.S. President Donald Trump has clarified reports regarding the potential sale of TikTok, denying any discussions with Oracle co-founder Larry Ellison but confirming that his team has engaged with multiple...
LVMH Sells Stella McCartney Stake Back to Founder After Downturn
LVMH Moët Hennessy Louis Vuitton SE is selling the stake it owns in Stella McCartney back to the brand’s founder as the luxury group cleans up its portfolio of labels amid a downturn for high-end goods. Stella...
Enel, KKR among potential bidders for UK’s Cubico, sources say
Italy’s Enel and private equity group KKR are among potential bidders for Britain-based Cubico Sustainable Investments, people with knowledge of the process said. Two of Canada’s biggest pension funds...
Emerson to buy remaining stake in AspenTech for $7.2 billion
U.S. industrial company Emerson Electric agreed to pay $7.2 billion to buy the remaining shares in software supplier AspenTech that it does not already own, the companies said on Monday. The takeout deal strengthens...
SGS ends talks over potential $30 billion merger with Bureau Veritas
Swiss testing and inspection group SGS has ended talks over a potential $30 billion merger with French rival Bureau Veritas after the two sides failed to reach agreement over the deal, it said on Monday. “SGS and...
Utility firm Eversource to sell water supply unit in $2.4 billion deal
Eversource Energy said on Monday it has agreed to sell its public water supply unit in a deal valued at $2.4 billion, as the utility firm aims to pare debt and focus on the core electric and natural gas businesses. The...
Brazil’s JBS buys stake in Mantiqueira to enter egg sector
Brazilian meatpacker JBS has agreed to buy a stake in Mantiqueira Alimentos, it said on Monday, marking the food giant’s entry into the egg sector in a deal that valued Mantiqueira at 1.9 billion reais ($321...
Atlas Energy to acquire Moser Energy Systems for $220 million
Oilfield services firm Atlas Energy Solutions said on Monday it will acquire privately owned Moser Energy Systems in a cash-and-stock deal worth $220 million. The deal, comprising $180 million in cash and approximately...
Ireland to cut AIB stake to 12.5% in latest share sale
Ireland plans to cut its shareholding in AIB Group to around 12.5% from 17.5% through a placement to institutional investors, the government said on Monday. The finance ministry said in a statement that it plans to sell...
Perplexity AI revises merger proposal with TikTok, offers 50% equity to US, ByteDance to retain algorithm: Report
Aravind Srinivas’ Perplexity AI has revised its merger proposal with TikTok owner ByteDance to create a new joint company, Reuters reports. Under the new terms, the US government would be offered up to 50% of the...
Diageo says it has no intention to sell Guinness or stake in Moet Hennessy
Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessy, LVMH’s drinks unit, the world’s top spirits makers said on Sunday. On Friday, Bloomberg News reported that the company...
