U.S. discount home goods retailer Big Lots said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital, as it has initiated bankruptcy proceedings...
US regulator approves BlackRock’s $12.5 billion deal for Global Infrastructure Partners
The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock’s $12.5 billion deal for Global Infrastructure Partners. Under the deal, which was announced earlier this year, BlackRock said it would...
Magic Johnson buys a stake in the NWSL’s Washington Spirit
Magic Johnson has bought an ownership stake in the National Women’s Soccer League’s Washington Spirit, the basketball great-turned entrepreneur’s latest addition to his professional sports team portfolio. The team...
Salesforce to buy data protection provider Own Company for $1.9 bln
Salesforce said on Thursday it would buy Own Company, a provider of data protection and management solutions, for $1.9 billion in cash to accelerate growth of its data security and privacy products. The acquisition...
ConnectOne Bancorp to buy First of Long Island in $284 mln deal
ConnectOne Bancorp has agreed to buy smaller peer First of Long Island in an all-stock deal valued at $284 million, the companies said on Thursday. The deal will create a combined bank with about $14 billion in total...
Verizon to buy Frontier in $20 bln deal to boost fiber network in U.S.
Verizon said on Thursday it will buy fiber-optic internet provider Frontier Communications in an all-cash deal worth $20 billion, as the U.S. wireless carrier looks to grow its subscriber base. The deal will also help...
U.S. Steel’s proposed $14.9 billion merger with Nippon Steel
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...
Japan’s Seven & i rejects Couche-Tard’s $38.5 bln takeover offer
Japanese retail giant Seven & i Holdings said on Friday it had turned down Canada’s Alimentation Couche-Tard’s $38.5 billion cash bid, rejecting an offer that would be the largest-ever foreign buyout of...
Law firms Troutman Pepper, Locke Lord agree to merge, creating 1,600-lawyer firm
U.S. law firms Troutman Pepper Hamilton Sanders and Locke Lord said on Thursday that they have agreed to merge effective Jan. 1, creating a firm with more than 1,600 lawyers. The combined firm will be named Troutman...
EQT set to acquire BPO GeBBS from ChrysCapital
Swedish private equity fund EQT is set to acquire Los Angeles-based healthcare BPO company GeBBS Healthcare Solutions, outbidding Hillhouse Investment by a whisker after intense negotiations that lasted for over a week...
VTEX Acquires Weni to Enhance Its Composable and Complete Platform, Delivering Data-Driven, AI-Powered CX
VTEX (NYSE: VTEX), the composable and complete commerce platform trusted by 2,600 global enterprise brands and retailers, has acquired Weni, a leader in customer service solutions fueled by advanced AI. This acquisition...
US oil, gas M&A nears 2023 record, focus shifts away from Permian, Rystad says
U.S. oil and gas producers’ appetite for dealmaking is closing in on last year’s record, with rising interest in smaller oilfields offsetting slower activity in the top oil-producing Permian Basin, analysts...
