Novo Holdings, which controls obesity drugmaker Novo Nordisk, will sell 154.5 million shares, or 7.8% of its stake, in British medical products maker ConvaTec Group, a bookrunner for the offering said on Monday. Novo is...
Barrick Mining considers splitting into two entities, sources say
The board of Canada’s Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources familiar with the...
Chandra Asri gets $750 million from KKR to buy Exxon’s Singapore fuel stations
Indonesia’s Chandra Asri Pacific said on Monday it has secured a bespoke $750 million financing package from investment firm KKR to support its purchase of ExxonMobil’s Esso-branded retail fuel station...
Activist investor Irenic builds stake in Papa John’s, sources say
Activist investor Irenic Capital Management built a stake in Papa John’s during the third quarter, sources familiar with the matter told Reuters on Friday, adding a fresh dimension to mounting speculation about...
Warburg, Permira in talks to buy Clearwater Analytics, source says
Global private equity firms Warburg Pincus and Permira are in talks to buy investment and accounting software maker Clearwater Analytics, a source familiar with the matter told Reuters on Friday. Boise, Idaho-based...
Purdue Pharma Gets Court Nod for Bankruptcy Exit, Sackler Deal
Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners. Judge Sean H...
RedBird’s bid for UK’s Telegraph collapses after newsroom opposition
U.S.-based private investment firm RedBird Capital Partners on Friday pulled out of a 500-million-pound ($671-million) bid for Britain’s Telegraph Media Group, the latest twist in a two-and-a-half-year saga at one...
Teamshares to list in US via $746 million T. Rowe Price-backed SPAC deal
Teamshares, a buyer of small- to medium-sized enterprises, said on Friday it would go public in the U.S. through a $746 million blank-check deal with Live Oak Acquisition Corp backed by accounts advised by investment...
ADNOC’s Covestro deal gets conditional European Commission greenlight
Abu Dhabi state oil firm ADNOC has received the EU’s conditional greenlight for its 14.7 billion euro ($17 billion) bid for German chemicals company Covestro, the European Commission said on Friday. It said the...
Topgolf Callaway in talks to sell Topgolf unit for about $1 billion, source says
Golf-equipment maker Topgolf Callaway Brands is in talks to sell its Topgolf unit to private equity firm Leonard Green in a deal that could value the business at about $1 billion, a source familiar with the matter told...
Paramount Skydance to sell Chilevision to investor group
Paramount Skydance on Friday said it has agreed to sell its shares in the entities that control Chilean free-to-air TV channel Chilevision to Vytal Group. The sale is part of Paramount Skydance’s strategy to...
Union Pacific, Norfolk shareholders approve $85 billion merger
Union Pacific and Norfolk Southern shareholders approved a deal to merge both railroad operators, the companies said on Friday. Over 99% of shareholders at both Union Pacific and Norfolk voted in favor of the $85...
