Apollo Global owned ABC Technologies Holdings has proposed a buyout of London-listed automotive components supplier TI Fluid Systems for more than 800 million pounds ($1.05 billion), Sky News reported, on Friday. Canada...
Blackstone is said to consider sale of $7 billion visa firm VFS
Blackstone Inc. is considering options including a sale of its majority stake in visa outsourcing and technology services firm VFS Global after receiving interest from prospective investors, people familiar with the...
Offshore driller Seadrill eyes asset acquisitions, M&A, CEO says
Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company’s CEO said on Wednesday. Norwegian-born billionaire John Fredriksen lost the control...
General Mills sells North America yogurt operations in $2 billion deal
General Mills will sell its North America yogurt business to French dairy firms Groupe Lactalis and Sodiaal in a $2.1 billion deal, the Cheerios maker said on Thursday. Lactalis will acquire the U.S. business and...
Mobileum emerges from Chapter 11 bankruptcy process
U.S. telecom services provider Mobileum said on Thursday it had emerged from the Chapter 11 bankruptcy process, and secured $60 million of new financing to fund its bankruptcy process, with $100 million of financing for...
Commerzbank seeks to fend off potential UniCredit takeover, sources say
Commerzbank’s management has discussed how to keep the German lender independent, exploring defence strategies to resist a potential bid from UniCredit, a person familiar with the discussions said on Wednesday...
Angel Studios to go public via $1.6 bln SPAC deal
Angel Studios said on Wednesday it would go public in the U.S. via a merger with blank-check firm Southport Acquisition Corp in a deal valued at $1.6 billion. The company, whose movie “Sound of Freedom” was...
Viper Energy to buy some Permian mineral assets from Tumbleweed Royalty for $461 mln
Viper Energy , a subsidiary of oil and gas producer Diamondback Energy , said on Wednesday it had reached an agreement to acquire mineral and royalty interest-owning subsidiaries from Tumbleweed Royalty IV for $461...
Buyout firm EQT explores $2 bln sale of Banking Circle, sources say
Private equity firm EQT is exploring a sale of its majority stake in Banking Circle, hoping any deal would value the payments processor at more than $2 billion, including debt, several people familiar with the matter...
Couche-Tard considers raising offer price for Seven & i, Bloomberg News reports
Canada’s Alimentation Couche-Tard is discussing how much it could raise the offer price to buy Japan’s Seven & i Holdings, Bloomberg News reported on Thursday, citing unnamed sources familiar with Couche...
UniCredit CEO approaches Commerzbank to explore merger talks, source says
UniCredit CEO Andrea Orcel approached German lender Commerzbank’s management earlier on Wednesday inviting the bank to explore merger talks, a source with knowledge of the matter told Reuters. Italy’s...
UK payments firm Pockit in talks to buy Monese consumer arm, sources say
British payments technology company Pockit is in talks to take control of UK challenger bank Monese’s consumer arm, two people familiar with the matter told Reuters. Under the proposed deal Pockit will buy Monese for a...
