Activist investor Ancora Holdings has built a stake in U.S. Steel and wants the steelmaker to drop its merger agreement with Japan’s Nippon Steel, the Wall Street Journal reported on Sunday, citing sources. The...
Trump discussing TikTok purchase with multiple people, decision in 30 days
U.S. President Donald Trump said on Saturday he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app’s future in the next 30 days. “I have spoken to many...
Monte dei Paschi launches $13.9 billion takeover bid for Mediobanca
State-backed Monte dei Paschi di Siena on Friday joined the consolidation wave sweeping Italian banking with a surprise 13.3 billion euro ($14 billion) all-share offer to buy merchant bank Mediobanca. The takeover...
China’s HongShan buys Marshall Group stake in $1.15 bln deal as Telia sells
HongShan Capital Group (HSG) said on Friday it has struck a deal to acquire a majority stake in Marshall Group in a deal valuing the Stockholm-based audio equipment maker at 1.1 billion euros ($1.15 billion). Swedish...
Diageo exploring potential spin-off or sale of Guinness, Bloomberg News reports
Diageo, the world’s top spirits maker, is exploring a potential spin-off or sale of beer brand Guinness and is reviewing its stake in LVMH’s drinks unit, Moet Hennessy, Bloomberg News reported on Friday...
International Paper gains EU nod for $7.2 bln DS Smith buy
U.S.-based International Paper secured EU clearance for its 5.8-billion-pound ($7.2 billion) acquisition of UK rival DS Smith with a pledge to sell assets to address competition concerns. International Paper is seeking...
With $300m SaaS co buyout, Everstone Capital spreads wings
Everstone Capital has acquired a controlling stake in software as a service (SaaS) provider Wingify from the founders for about $300 million as it steps up deal making in the technology sector, said people with...
Coforge Inc. to acquire Xceltrait Inc. for consideration of $17.85 mn
Coforge Inc., a wholly owned subsidiary of Coforge has agreed to enter into a stock purchase agreement with Xceltrait Inc. and its stockholders to acquire all of the outstanding shares of capital stock of Xceltrait Inc...
EV Maker Nikola Explores Sale, Partnerships With Cash Dwindling
Nikola Corp. is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to people familiar with the matter. Other possibilities under consideration include...
China’s Vanke in talks to sell logistics firm stake to GIC, source says
Indebted property developer China Vanke Co Ltd is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth fund GIC, a person with knowledge of the matter said. The financial details...
Mitsubishi Motors considering not joining planned Nissan-Honda merger, sources say
Japan’s Mitsubishi Motors, a junior partner of Nissan Motor, is considering not joining a planned merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors plans to remain listed...
Italian lender Monte dei Paschi explores deal for Mediobanca, Bloomberg News reports
Italian lender Monte dei Paschi (MPS) is considering a potential deal for investment bank Mediobanca, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Mediobanca has a market value of...
