Private equity firm Genesis Capital has sweetened its bid for Pacific Smiles, valuing the Australian dental chain at A$316.4 million ($208.38 million) in what it called its “best and final” offer. Shares of...
Russia explores plan to merge Rosneft with Gazprom subsidiary and Lukoil, WSJ reports
Russia is working on a plan to merge state-backed Rosneft Oil with Gazprom Neft and Lukoil, creating the world’s second-biggest crude oil producer, the Wall Street Journal reported on Friday. Talks between...
BlackRock in talks about a strategic tie-up with Millennium – sources
BlackRock Inc is in early-stage talks with hedge fund Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund, two sources familiar with the matter said. The...
Australia clears Chemist Warehouse-Sigma Healthcare $5.8 bln deal
The Australian competition regulator, on Thursday, cleared privately owned pharmacy chain Chemist Warehouse’s reverse takeover of Sigma Healthcare, paving the way to create an A$8.8 billion ($5.78 billion) entity...
Serve Robotics steps into restaurant kitchens with Vebu acquisition
Serve Robotics, known for its sidewalk delivery robots, is branching out from its mainstay focus on automated delivery solutions and into restaurant kitchens through its acquisition of the ‘Autocado’...
Italy’s Banco BPM bids for asset manager Anima in 1.6 bln euro ‘bancassurance’ deal
Italy’s third-largest Banco BPM on Wednesday said it would launch a buyout offer to gain full control of asset manager Anima Holding in an up to 1.6 billion euro ($1.7 billion) deal. Banco BPM already owns 22% of...
Blackstone Real Estate to take Retail Opportunity private in $4 bln deal
Blackstone Real Estate entered into an agreement to take Retail Opportunity Investments Corp private in an all-cash transaction valued at about $4 billion, including debt. Reuters reported on Sunday that the alternative...
Advent, Apollo among potential bidders for Reckitt’s homecare assets, Bloomberg News reports
Private equity groups Advent International and Apollo Global are among firms considering a potential buyout of consumer goods company Reckitt’s homecare assets, Bloomberg News reported on Wednesday, citing people...
Emerson offers to buy rest of AspenTech in $15 bln deal to sharpen automation focus
Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, as the company looks to sharpen its focus on industrial automation. The company in 2021 merged its...
French IT firm Atos agrees to sell Worldgrid unit to Alten
Atos said on Tuesday it had signed an agreement to sell its Worldgrid business unit to Alten for 270 million euros ($293.7 million) on an enterprise value basis, in a transaction expected to close before the end of 2024...
Blocked Vodacom merger derails S.African telcos M&A push, analysts say
The Competition Tribunal’s decision to block a merger between Vodacom and a major fibre operator will likely derail a push by South African telecoms firms to use big M&A deals as a shortcut to digital...
Anglo to sell 33% stake in Australian steelmaking coal assets for $1.1 billion
Anglo American has agreed to sell a 33.3% stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for A$1.6 billion ($1.1 billion). The deal marks...
