Global asset management firm GoldenTree will buy a chunk of a $1 billion bankruptcy financing for luxury retailer Saks Global, Bloomberg News reported on Tuesday, citing people familiar with the matter. GoldenTree...
New Zealand’s Fletcher Building to sell construction arm to French builder
New Zealand’s Fletcher Building said on Tuesday it will sell its construction division to a unit of French infrastructure firm VINCI SA for NZ$315.6 million ($182.76 million). The construction arm is one of...
Zurich Insurance offers $10 billion for UK’s Beazley in latest bid
Zurich Insurance Group has made a 7.67 billion pound ($10.3 billion) offer for speciality insurer Beazley, going public with an improved bid that sent shares in the British company up 40% on Monday. Europe’s...
Auction Technology rejects FitzWalter’s raised $658 million bid
Britain’s Auction Technology on Monday rejected FitzWalter Capital’s sweetened buyout approach, saying the proposed 491 million pound ($657.8 million) bid from its biggest shareholder undervalues the company...
Russia’s Gazprom Neft provisionally agrees to sell NIS stake to Hungary’s MOL
Russia’s Gazprom Neft has reached a provisional agreement to sell its majority stake in Serbian oil refiner NIS to Hungary’s MOL, Serbia’s Energy Minister Dubravka Djedovic Handanovic said on Monday...
Italy’s Hera to buy Sostelia from Xenon to boost water treatment operations
Italian multi‑utility firm Hera said on Monday it had agreed to acquire water treatment group Sostelia in a deal worth 138 million euros $161 million) including debt, boosting its position in the treatment of industrial...
Rio Tinto-Glencore merger may need asset sales to win over China
The proposed tie-up between Rio Tinto, and Glencore could require asset sales to secure regulatory approval from top commodity buyer China, which has longstanding concerns about resource security and market...
US rail regulator says Union Pacific, Norfolk Southern merger filing incomplete
The U.S. Surface Transportation Board on Friday sent back Union Pacific’s proposed $85 billion merger with Norfolk Southern for revision, saying it lacked required information, as part of a review in which the U.S...
Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say
Oil major Shell and Japanese conglomerate Mitsubishi Corp are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project, three sources familiar with the matter told...
ISS recommends shareholders approve Kimberly-Clark’s planned Kenvue deal
Institutional Shareholder Services on Friday recommended that shareholders approve plans by Kleenex maker Kimberly-Clark to buy Tylenol maker Kenvue, saying a tie-up could improve financial metrics. “On balance...
Brazil’s Brava buys Petronas’ stakes in two offshore fields for $450 million
Brazilian oil firm Brava Energia announced on Friday the acquisition of the stakes owned by Malaysia’s Petronas in two offshore fields for $450 million, kicking off a new strategic plan outlined by the...
TransDigm to buy two businesses for $2.2 billion in aerospace aftermarket push
Aircraft components maker TransDigm Group said on Friday it would buy Jet Parts Engineering and Victor Sierra Aviation from private equity firm Vance Street Capital for about $2.2 billion, including tax benefits...
