Family-owned candy giant Mars, whose brands include M&M’s and Snickers, is nearing a deal to acquire Kellanova, maker of snacks such as Cheez-It and Pringles, for nearly $30 billion, a person familiar with the...
Allstate to sell its employer voluntary benefits business to StanCorp Financial in $2 bln deal
Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday. The...
Warburg Pincus-backed cybersecurity firm eSentire explores sale, sources say
The owners of eSentire are exploring options including a potential sale that could value the cybersecurity company at about $1 billion, including debt, according to people familiar with the matter. ESentire — which is...
Blackstone weighs sale of $2.6 bln events group Clarion, sources say
Blackstone Group is exploring options for Clarion Events, including a sale, that could value the business at up to 2 billion pounds ($2.6 billion), three people familiar with the matter told Reuters, as appetite for...
Japan’s Meiji Yasuda buys Allstate’s voluntary benefits business for $2 bln
U.S. casualty insurer Allstate has sold its employer voluntary benefits business to StanCorp Financial Group for $2 billion in cash, Allstate announced, on Tuesday. StanCorp’s Japanese parent company, Meiji Yasuda...
Tilray to buy four craft breweries from Molson Coors
Tilray Brands would buy four craft breweries from beer maker Molson Coors in a bid to expand business beyond its range of cannabis products, the company said on Tuesday. The pot producer would acquire Hop Valley Brewing...
Canada’s Scotiabank buys 14.9% stake in US regional lender KeyCorp for $2.8 bln
Scotiabank is buying a 14.9% stake in American regional lender KeyCorp for $2.8 billion, as the Canadian bank taps into the stressed regional U.S. banking sector for growth outside its saturated home market. KeyCorp...
Australia’s Orora rejects $2.25 bln takeover offer from PE firm Lone Star
Australia’s Orora Ltd shares spiked more than 15% after it said on Tuesday it had rejected a A$3.42 billion ($2.25 billion) takeover offer from U.S. private equity firm Lone Star Fund, claiming the offer...
Gold Fields to buy Canadian miner Osisko in $1.57 billion cash deal
Gold Fields Ltd has agreed to acquire Osisko Mining for C$2.16 billion ($1.57 billion), it said on Monday, barely two years after an attempt to buy another Canadian miner was scuppered by a rival offer. The Johannesburg...
Botox rival Revance to go private in $924 million deal
Anti-wrinkle injection maker Revance Therapeutics has agreed to be bought by privately held Crown Laboratories in a deal valued at $924 million, including debt, seeking scale to compete better with rivals in the...
Tourmaline Oil to acquire Crew Energy for $947 million
Canada’s Tourmaline Oil said on Monday it will acquire Crew Energy in a C$1.3 billion ($947.52 million) all-stock deal, which includes debt, to boost its presence in the Montney shale play in Alberta. The shale...
Thyssenkrupp to Sell Site Stake in Tussle Over Steel Future
Thyssenkrupp AG’s steel unit plans to sell a stake in an industrial site in Germany after a supervisory board meeting ended without agreement on a broader restructuring of the ailing division. As part of a push to lower...
