Trend Micro, a Japanese cybersecurity firm with a market value of about 950 billion yen ($6.5 billion), is exploring a sale after attracting buyout interest, people familiar with the matter said on Thursday. The deal...
UK’s Takeover Panel extends deadline for Bellway-Crest Nicholson deal to Aug. 20
The UK Takeover Panel has extended the deadline for the 720 million pound ($913.7 million) all-share takeover proposal by homebuilder Bellway for its FTSE midcap peer Crest Nicholson to Aug. 20, the companies said on...
Disney may have to pay $5 bln more for Comcast’s Hulu stake
Walt Disney said on Wednesday it may have to pay up to $5 billion more to buy Comcast’s minority stake in Hulu, if an appraiser were to agree with Comcast’s assessment that the stake should be valued at more...
BHP mulling sale of gold, copper mines in Brazil, Bloomberg News reports
BHP Group, the world’s top miner, is mulling a sale of Brazilian copper and gold assets it took over as part of the buyout of smaller peer Oz Minerals, Bloomberg News reported on Wednesday, according to people...
Roche considering divesting $1.9 bln cancer data startup, FT reports
Swiss pharmaceutical company Roche is considering divesting cancer data specialist Flatiron Health, the Financial Times reported on Wednesday, citing people familiar with the matter. Roche had paid $1.9 billion for New...
Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem
Saudi Aramco will buy from Japan’s Sumitomo Chemical a 22.5% stake in their petrochemical joint venture Petro Rabigh for $702 million, the companies said on Wednesday, as part of a turnaround plan for the loss...
Savannah Energy terminates $1.25 bln Petronas South Sudan deal
Savannah Energy said on Wednesday it has terminated the planned $1.25 billion purchase of Malaysia’s state energy firm Petronas’ oil and gas business in South Sudan, as the two sides could not agree on terms...
WPP sells stake in FGS Global to KKR, downgrades guidance
British ad group WPP is selling its controlling stake in financial PR agency FGS Global to minority shareholder KKR for $775 million in cash, which it will use to reduce debt. WPP, the owner of agencies Ogilvy and...
Equity Residential to buy apartment portfolio from Blackstone for nearly $1 bln
Equity Residential has agreed to acquire 11 apartment properties located in its expansion markets such as Atlanta and Denver from Blackstone for about $964 million, the companies said on Wednesday. The company will...
Thoma Bravo explores $2 billion sale of ESG software maker Cority, sources say
Thoma Bravo is exploring options including a potential sale of Cority that it hopes will value the sustainability compliance software maker at about $2 billion, including debt, according to people familiar with the...
Italy clears VTTI’s acquisition of 70% in Adriatic LNG, sources say
Italy won’t use special powers designed to shield assets deemed of strategic value for the country in relation to Vitol-backed VTTI’s acquisition of Adriatic LNG, Italy’s biggest liquefied gas...
TotalEnergies to sell 50% stake in Pakistan oil marketing firm to Gunvor Group
French oil major TotalEnergies has agreed to sell its 50% stake in oil marketing company Total PARCO Pakistan Limited to global commodities trader Gunvor Group, TotalEnergies said in a statement on Tuesday. A joint...
