Toho Co, the Japanese creator of the “Godzilla” movie franchise, will acquire the U.S. distributor of Studio Ghibli’s famed animated films, it said on Wednesday, to help drive overseas expansion. The...
TPG, Blackstone bid for Bausch + Lomb in potential $14 billion deal
Private equity giants TPG and Blackstone have joined forces to submit a joint bid for eyecare company Bausch + Lomb, Financial Times reported citing sources familiar with the development. If successful, the transaction...
KKR to launch sale of Goodpack, valued at around $1.8 billion, sources say
KKR & Co is set to launch the sale of Singapore-based Goodpack in a deal that could value the provider of shipping containers and logistics services at around $1.8 billion, people with knowledge of the matter said...
French bank Credit Agricole to buy 50% of GAC’s leasing unit
Credit Agricole is planning to buy a 50% stake in the leasing unit of Chinese carmaker Guangzhou Automobile Group (GAC) as part of a broader deal that makes the French bank a partner of GAC to finance its car sales in...
Britain’s SSE rebuffed EDP proposal to merge, sources say
Portugal’s main power utility EDP initiated merger discussions with London-listed peer SSE earlier this year, but talks did not progress, three people familiar with the matter told Reuters. The proposed deal would...
France considering stake in Sanofi’s Opella, minister says
France is considering taking a stake in Sanofi’s Opella arm, said finance minister Antoine Armand, to allay concerns that the French drugmaker’s plans to sell a 50% stake in Opella to a U.S. private equity...
Labour Scraps UK State Bank Merger in Green Investment Overhaul
The UK’s new Labour government has slashed the amount of taxpayer funds it plans to give its new National Wealth Fund by a fifth and scrapped a proposed merger between two state investment agencies as its ambitions...
Verizon bid for Frontier faces investor skepticism, sources say
Some of Frontier Communications’ largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications, with its second-largest investor planning to vote against the deal, three...
Legendary Entertainment buys out Dalian Wanda’s stake in the Hollywood studio
Legendary Entertainment on Monday said it had completed a buyout of Chinese conglomerate Dalian Wanda Group’s remaining stake in the movie studio and will be wholly owned by Apollo Global. Financial details of the...
Vanda Pharmaceuticals rejects Cycle Pharma’s second takeover offer
Vanda Pharmaceuticals on Monday rejected UK-based Cycle Pharmaceuticals’ second takeover proposal, which values the drugmaker at $8 per share despite a drop in Vanda’s stock following the FDA’s...
InPost to buy remaining 70% in Menzies, SkyNews reports
Parcel locker company InPost is in “very advanced talks” to buy the 70% stake it does not already own in British logistics firm Menzies, Sky News reported on Monday. InPost declined to comment. Citing...
B. Riley to sell Great American unit to Oaktree in $386 mln deal
B. Riley on Monday agreed to sell its Great American unit, which helps companies determine the value of their assets, to investment firm Oaktree Capital in a $386 million deal that would pare its debt and bolster the...
