Distressed textile giant PT Pan Brothers is closing in on its debt restructuring after seven months of negotiation with creditors, according to people familiar with the matter, as it works to avoid becoming the second...
Japanese M&A interest makes a strong comeback in 2024
Top Japanese conglomerates and investment firms are ploughing money into India, putting unsavoury episodes of the past behind them. While Japan’s SoftBank has been investing in Indian startups for years, the...
Russia sells stakes in some Kazakh uranium deposits to China
Kazakhstan’s nuclear resources company Kazatomprom said on Tuesday that Russia’s Rosatom was selling its stakes in some uranium deposits which the two groups had been developing together to Chinese-owned...
Bain Capital in talks to buy Little Caesars operator Sizzling Platter, sources say
Private equity firm Bain Capital is in talks to acquire Sizzling Platter, which operates restaurant franchises such as Little Caesars and Jersey Mike’s, for more than $1 billion, including debt, people familiar...
Kosmos Energy walks away from Tullow Oil acquisition
U.S. oil and gas firm Kosmos Energy walked away from its pursuit of West Africa-focused Tullow Oil on Tuesday, without specifying any reason for the decision, prompting a 10% drop in Tullow’s shares. Kosmos’...
UK competition watchdog clears Carlsberg’s $4.23 bln acquisition of Britvic
Britain’s competition regulator cleared Carlsberg’s deal with soft drinks maker Britvic on Tuesday, saying it would not refer the $4.23 billion transaction for an in-depth probe. Carlsberg struck a deal to...
Singapore’s GIC invests additional $150 mln in India’s TPG-backed Asia Healthcare
Singapore’s sovereign wealth fund GIC will invest an additional $150 million into India-based Asia Healthcare Holdings, the companies said on Wednesday. This follows GIC’s initial investment of $170 million...
Honeywell considers spinning off aerospace business amid Elliott’s breakup push
Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the company’s breakup...
Regional lenders Berkshire Hills Bancorp, Brookline strike $1.1 bln merger deal
Berkshire Hills Bancorp and Brookline Bancorp have agreed to merge in an all-stock deal valued at about $1.1 billion, the regional lenders said on Monday, in yet another sign of increasing consolidation within the...
Phillips 66 to sell stake in Texas pipeline for $865 mln
Phillips 66 said on Monday it would sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for $865 million, setting the U.S. refiner on course to exceed its asset...
Alibaba to sell department store chain Intime for $1 bln
Alibaba Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising of textiles firm Youngor Fashion and some of Intime’s management for 7.4 billion yuan ($1.02 billion)...
UK approves Daniel Kretinsky’s $6.7 billion bid for Royal Mail parent, FT reports
The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Monday...
