Two potential buyers for Glencore’s stake in mothballed New Caledonian nickel producer Koniambo Nickel SAS (KNS) have submitted offers following site visits late last year, KNS said. Part of a loss-making nickel...
Brazil’s Azul inching closer to merger with Gol, says local media
Brazilian airline Azul is expected to sign in the next few weeks a memorandum of understandings with rival carrier Gol’s parent Abra for a potential merger between Azul and Gol, newspaper Valor Economico reported...
Lufthansa to acquire stake in Italy’s ITA next week, source says
Lufthansa is set to acquire a stake in Italian state-owned airline ITA on Jan. 13, a source familiar with the situation told Reuters on Wednesday, bringing to a close years of talks. DPA news agency first reported on...
Nirma Group company outbids Ambuja in insolvency sale of Vadraj Cement
Nirma Group-backed Nuvoco Vistas offered ₹1,800 crore to acquire Vadraj Cement, outbidding Adani Group at an auction under the court-monitored corporate insolvency process, said people aware of the matter. JSW Group, JK...
Alkem Laboratories to sell Pithampur unit for Rs 149 crore
Alkem Laboratories Ltd on Tuesday said it will sell its manufacturing facility in Pithampur, Madhya Pradesh, to Rubicon Research Ltd for Rs 149 crore, on a slump sale basis. The company has entered into a business...
Tire maker Goodyear to sell Dunlop brand to Japan’s Sumitomo Rubber for $701 mln
Goodyear Tire & Rubber Co said on Tuesday that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries for $701 million in cash as part of a plan to streamline its business. The sale covers the...
Paychex to buy rival Paycor in $4.1 bln deal to expand AI-driven HR products
Paychex said on Tuesday it will acquire payroll processing firm Paycor HCM for about $4.1 billion in cash, as the HR management firm looks to broaden its artificial intelligence capabilities and consolidate its market...
Christian Lacroix, French fashion group founded in 1987, bought by Spain’s STL
Spain’s Sociedad Textil Lonia (STL) is to buy French fashion house Christian Lacroix for an undisclosed sum, the company said on Tuesday. Christian Lacroix, founded in 1987 by the namesake designer known for his...
Nippon, US Steel sue Biden admin for blocking merger
Nippon Steel and US Steel on Monday filed a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15-billion deal for Japanese company to acquire the American steelmaker. and...
Ligado files for bankruptcy after stalled wireless expansion
Wireless network company Ligado Networks LLC filed for bankruptcy in Delaware late on Sunday, seeking to cut $7.8 billion in debt after U.S. government agencies blocked its planned expansion into land-based 5G wireless...
Trump backer Omeed Malik’s SPAC to merge with retailer GrabAGun in $150 million deal
U.S. President-elect Donald Trump’s donor Omeed Malik’s blank-check firm will merge with GrabAGun, an online retailer of firearms, ammunition and gun accessories, in a deal valued at $150 million, the...
Device maker Stryker strikes $4.9 billion deal for Inari Medical
Medical-device maker Stryker on Monday agreed to acquire Inari Medical, which makes devices that treat patients with venous diseases, in an all-cash deal worth $4.9 billion. The deal for Inari bolsters Stryker’s...
