Qatar Airways will buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against giving access...
CVS explores options including potential break-up, sources say
CVS Health is exploring options that could include a break-up of the company to separate its retail and insurance units, as the struggling healthcare services company looks to turn around its fortunes amid pressure from...
Pfizer to sell about $3.25 bln stake in Sensodyne-maker Haleon, bookrunner says
Pfizer’s stake sale in British consumer healthcare company Haleon has been upsized by 100 million shares to 640 million shares worth about $3.25 billion with strong demand from investors, a bookrunner familiar...
PepsiCo in talks to buy Siete Foods for over $1 bln, WSJ reports
PepsiCo is in advanced talks to acquire tortilla-chip maker Siete Foods for more than $1 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. Texas-based Siete Foods is owned by...
ADNOC nears $13 billion deal to buy Germany’s Covestro, WSJ reports
Abu Dhabi National Oil Company (ADNOC) is likely to announce a $13 billion-plus deal for Germany’s Covestro as soon as this week unless an unexpected snag emerges, the Wall Street Journal reported on Monday...
Linqto terminates $700 mln SPAC deal with Blockchain Coinvestors
Investment firm Linqto has terminated its $700-million deal to go public by merging with Blockchain Coinvestors Acquisition Corp, the blank-check company said on Monday. In April, the investment platform Linqto had...
AT&T sells stake in DirecTV to TPG for $7.6 bln
AT&T said on Monday it would sell its entire 70% stake in satellite TV provider DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator...
Asset manager TPG close to buying Germany’s Techem for $7.8 bln, Financial Times reports
U.S.-based asset manager TPG is close to finalizing a 7 billion euro ($7.80 billion) deal to acquire German metering firm Techem, the Financial Times reported on Monday, citing people familiar with the matter. TPG may...
TPG in lead to buy stake in Creative Planning at $15 billion valuation, sources say
Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2 billion in Creative Planning, in a deal that could value the wealth management firm at more than $15 billion, people familiar with the...
Holding firm proposes merger between subsidiary of Brazil’s Vamos Locacao and Automob
Simpar, the controlling shareholder of Brazil’s vehicle rental service Vamos Locacao and dealership Automob, has proposed a merger involving the two firms, it said in a corporate filing on Sunday. The merger would...
Italy picks UBS Europe, White & Case as advisers for Poste stake sale
Italy’s Treasury said it had picked UBS Europe SE and White & Case Europe LLP as financial and legal advisers for the stake sale of around 14% in postal service Poste Italiane. The Italian postal service is...
Morgan Stanley’s private equity arm explores sale of HVAC firm Sila, sources say
Morgan Stanley’s middle-market buyout arm is exploring a sale of Sila Services that could value the residential services company at about $1.5 billion, including debt, people familiar with the matter said on...
