The White House is set to announce that President Joe Biden will block Nippon Steel’s $14.9 billion bid for the U.S. Steel citing national security concerns, two sources familiar with the situation told Reuters...
Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells paper
A merger of Italy’s Unicredit and Germany’s Commerzbank could add value for all stakeholders and create a much stronger competitor in the German banking market, Unicredit CEO Andrea Orcel told Handelsblatt...
Canada’s ABC Technologies proposes revised buyout of UK’s TI Fluid
Canada’s ABC Technologies Holdings proposed a revised buyout of London-listed automotive components supplier TI Fluid Systems at 176 pence ($2.31) per share on Sept. 4, the companies said on Saturday. Canada-based...
Vodafone’s UK merger with Three raises competition concerns, regulator says
Vodafone Group’s deal to merge its U.K. business with rival operator Three raises competition concerns, the U.K.’s antitrust authority said, creating uncertainty on a deal poised to shake up the country’s...
US satellite-TV providers DirecTV and Dish are in talks to merge again, source says
Telecom operator AT&T and its joint-venture partner TPG are in early-stage talks to merge their DirecTV satellite TV service with EchoStar owned Dish, a person familiar with the matter told Reuters on Friday. The...
Barclays struggling to sell stake in UK payments business, sources say
Barclays is finding it difficult to sell a stake in its British merchant payments business due to diverging views on its valuation, four people with knowledge of the matter told Reuters, complicating the bank’s...
HSBC in talks to sell South African unit to FirstRand, Bloomberg News reports
HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand, the country’s largest lender by market value, Bloomberg News reported on Friday, citing people with knowledge...
Nippon Steel, US Steel send letter to Biden on merger plans
Nippon Steel and U.S. Steel sent a letter on Sunday to U.S. President Joe Biden about their planned $15 billion merger after media reported that he was preparing to block the deal, a spokesperson for the Japanese...
Eni in talks with funds on another Plenitude stake sale, sources say
Italian energy group Eni is in talks with several funds over the potential sale of a minority stake in its renewable and retail business Plenitude, two sources with knowledge of the matter said on Friday. The possible...
DSV to create global logistics giant with $15.9 billion Schenker takeover
Denmark’s DSV has agreed to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion) in a deal that would make it the world’s biggest logistics...
Insight Partners explores $4 bln-plus sale of Tricentis, sources say
Private equity firm Insight Partners is exploring a sale of Tricentis, in a deal that it is hoping could value the software provider for developer applications at more than $4 billion, according to four people familiar...
UK’s National Grid to sell electricity system operator in $827 million deal
Britain’s National Grid said on Friday it had agreed to sell its Electricity System Operator (ESO) to the UK government for 630 million pounds ($827.95 million), including debt. The energy infrastructure operator...
