Bankrupt Tupperware Brands agreed on Tuesday to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief, canceling its plans for an open-market auction of its assets. The...
JM Smucker to divest cookie brand Voortman in $305 mln deal
J.M. Smucker said on Tuesday it would sell its cookie brand, Voortman, to U.S.-based premium snacks maker Second Name Brands in a $305 million all-cash deal. The Jif peanut butter maker, which was exploring a sale of...
BTG Pactual gets green light to buy AccorInvest hotels in Brazil for $300 mln
Funds managed by Brazilian investment bank BTG Pactual received preliminary approval on Friday from the country´s antitrust regulator to buy the hotel operations of AccorInvest in Brazil for 1.7 billion reais ($300...
Atlantic Union to buy Sandy Spring for $1.6 bln in latest US regional bank deal
Atlantic Union Bankshares will buy smaller rival Sandy Spring Bancorp for $1.6 billion, they said on Monday, as the regional lender looks to bolster its presence in Northern Virginia and Maryland. The all-stock...
Norwegian bank DNB to buy Sweden’s Carnegie for $1.14 bln
Norway’s largest bank DNB has agreed to buy Swedish investment bank and asset manager Carnegie from private equity firm Altor and minority owners for around 12 billion Swedish crowns ($1.14 billion), it said on...
Ocean Wilsons sells stake in Brazilian unit to MSC in $765 mln deal
Investment holding company Ocean Wilsons has agreed to sell its 56.47% stake in Brazilian unit Wilson Sons to shipping services provider SAS for 4.35 billion reais ($764.9 million), it said on Monday. London-listed...
Fintech giant Stripe to buy crypto startup Bridge
Stripe will buy stablecoin infrastructure provider startup Bridge, the fintech said in a tweet on Monday without disclosing the deal value. The deal is valued at $1.1 billion, Forbes reported, last week, citing people...
Sophos buys Secureworks for $859 mln to beef up cybersecurity portfolio
Thoma Bravo-backed cybersecurity firm Sophos said on Monday it would acquire SecureWorks from Dell Technologies for $859 million in cash to strengthen its product lineup for enterprise customers. Secureworks...
UBS sells its 50% stake in Swisscard to American Express
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50% stake in credit card provider Swisscard. UBS will sell its 50% holding in the company to its...
EMS bids for rival Hypera to create Brazil’s largest drugmaker
Brazilian pharmaceutical company EMS has offered to join forces with rival Hypera to create the country’s biggest drug manufacturer, they said on Monday. In a securities filing, Hypera said its board will assess...
CITIC to sell stake in McDonald’s China, HK operations for $430.3 mln
China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for $430.3 million, fully exiting the business. It will...
Royal Mail’s sister business GLS to buy 20% stake in Greece’s ACS for $80 million
Parcel services firm GLS, the international sister business to the UK’s Royal Mail, has agreed to buy a 20% stake in Greece’s ACS for 74 million euros ($80.06 million), their parent International...
