Indonesian telcos XL Axiata, Smartfren Telecom and its unit Smart Telcom (SmartTel) have agreed to merge to create an entity with an enterprise value of 104 trillion rupiah ($6.5 billion), the companies said on...
Dental products supplier Patterson to go private in $4.1 bln deal
Patterson Companies has agreed to be taken private for about $4.1 billion by health investment firm Patient Square Capital, the animal and dental health equipment supplier said on Wednesday. The $31.35 per share offer...
Korean Air completes Asiana takeover to form one of Asia’s biggest airlines
Korean Air has completed its protracted purchase of indebted South Korean rival Asiana Airlines, the airline said on Thursday, a major step towards forming one of Asia’s biggest carriers. The 1.8-trillion-won ($1...
Spark New Zealand to sell stake in mobile towers business to Canada’s CDPQ for $182 mln
Spark New Zealand will sell its remaining 17% stake in mobile towers firm Connexa for NZ$314 million ($181.77 million) to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ), the telecom company said...
CCI clears Thyssenkrupp Electrical Steel India’s acquisition by JSW Steel’s JV arm
The Competition Commission of India (CCI) on Tuesday said it has approved four deals, including the acquisition of Thyssenkrupp Electrical Steel India by a subsidiary of a joint venture firm of JSW Steel and Japan’s JFE...
ADNOC gets CCI clearance to acquire Covestro for USD 16.4 billion
Fair trade regulator CCI on Tuesday said it has approved Abu Dhabi National Oil Company’s (ADNOC) proposal to acquire Covestro for USD 16.4 billion. Abu Dhabi’s state-owned oil firm ADNOC is an energy and...
Indonesia’s XL Axiata, Smartfren to merge, with $6.5 bln enterprise value
Indonesian telcos XL Axiata, Smartfren Telecom and Smart Telcom (SmartTel), a unit of Smartfren, said on Wednesday they have agreed to merge to create a combined entity with an enterprise value of 104 trillion rupiah...
Nippon Life to buy Resolution Life in $8.2 billion deal
Nippon Life Insurance said on Wednesday it plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion as it pursues growth in the U.S. market. The all-cash deal represents...
Kroger’s $25-bln deal for grocery rival Albertsons blocked by US courts
A U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger KR.N and Albertsons on Tuesday, in a win for the Federal Trade Commission that Kroger has said would likely scuttle the deal. The FTC...
Denmark’s Nykredit in $3.5 bln deal to buy Spar Nord Bank
Danish lender Nykredit has agreed to offer 24.7 billion Danish crowns ($3.50 billion) in an all-cash bid to buy domestic rival Spar Nord Bank, the two companies said in a joint statement on Tuesday. “The merger...
Avast antivirus owner Gen Digital acquires MoneyLion in $1 bln deal
Norton and Avast owner Gen Digital has agreed to buy fintech firm MoneyLion in an all-cash deal valued at about $1 billion to beef up its consumer finance offerings, the companies said on Tuesday. Gen Digital will pay...
Gallagher strikes $13.5 bln deal for AssuredPartners to strengthen insurance broker business
Arthur J Gallagher will buy insurance broker AssuredPartners in a $13.45 billion all-cash deal, it said on Monday, as it deepens focus on property and casualty and employee benefits across the U.S. The deal will expand...
