Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the...
Avangrid sells offshore wind lease to Dominion Energy for $160 million
Avangrid, part of the Iberdrola Group, has completed the sale of its Kitty Hawk North offshore wind lease to Dominion Energy at $160 million, the company said on Thursday. The lease covers Avangrid’s nearly 40,000...
Transocean Discussing Merger With Rival Seadrill as Offshore Downturn Eases
Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with the matter, just as oil explorers around the world are returning to the sea. Discussions are...
Seven & i makes no mention of $47 billion buyout bid in laying out growth plan
Japanese conglomerate Seven & i Holdings laid out a growth plan on Thursday that focused on its core 7-Eleven convenience stores and avoided any mention of a $47 billion takeover bid from Canada’s Alimentation...
HMC Capital to buy data centre group Global Switch Australia in $1.3 bln deal
Asset manager HMC Capital will acquire Global Switch Australia in A$1.94 billion ($1.29 billion) deal, the Australian firm said on Thursday, as the company looks to tap into the booming data centre sector. The data...
Merck buys cancer therapy developer Modifi Biosciences for up to $1.3 bln
Merck has acquired Modifi Biosciences for as much as $1.3 billion, gaining access to its experimental cancer therapies, the privately held biotech firm said on Wednesday. As part of the deal, the U.S. drugmaker paid $30...
GIC, Macquarie explore $2 billion stake sale in Philippines’ EDC, sources say
Singapore’s GIC and Australia’s Macquarie are looking at selling their stake of roughly 30% in Philippine renewable energy firm Energy Development Corp (EDC), a deal that could fetch $2 billion, two sources...
Shell to acquire power plant operator RISEC Holdings
Shell plc said on Wednesday its unit, Shell Energy North America (SENA), has agreed to acquire RISEC Holdings, the owner of a 609-megawatt gas power plant in Rhode Island. The deal secures long-term supply and capacity...
Carlyle quits bidding process for Thyssenkrupp marine arm
Private equity firm Carlyle has dropped out of a bidding process for the warship division of stricken conglomerate Thyssenkrupp, the German company said on Tuesday. Carlyle’s withdrawal as a suitor for...
France’s Wendel to acquire Monroe Capital for $1.13 billion
French investment company Wendel will acquire U.S. asset investment firm Monroe Capital, it said on Tuesday, with an initial investment of $1.13 billion for 75% of the company’s shares. With the acquisition...
Frontier, Spirit Airlines revive merger talks, WSJ reports
Frontier Airlines is exploring a renewed bid for Spirit Airlines, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The two budget carriers have had recent discussions about a possible...
Engineering software firm Altair explores sale, sources say
Altair Engineering, an engineering software maker with a market value of nearly $9 billion, is exploring a sale after receiving acquisition interest, three people familiar with the matter said on Tuesday. Troy, Michigan...
