Insurer Ryan Specialty said on Thursday it has agreed to buy specialized builder’s risk insurance firm US Assure Insurance Services of Florida. The deal includes a cash payment of about $1.08 billion and an...
BNP Paribas in talks to buy AXA Investment Managers for 5.1 bln euros
BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion), the euro zone’s biggest bank said on Thursday. For...
British Airways owner IAG scraps deal to acquire Air Europa
British Airways owner IAG terminated its proposed takeover of Spain’s Air Europa on Thursday, citing regulatory environment concerns, less than two months after it offered remedies to antitrust regulators to...
CD&R explores sale of American Greetings, sources say
Private equity firm Clayton, Dubilier & Rice (CD&R) is exploring options including a sale of American Greetings that could value the 118-year-old greeting card maker at about $1.5 billion, including debt...
EU approves Hewlett Packard Enterprise’s $14 bln Juniper deal
The EU Commission on Thursday said it had unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks by Hewlett Packard Enterprise. The commission said its investigation had shown the...
Luminar buys G&H’s laser module unit to expand chip business- CEO
Luminar Technologies, a maker of lidar sensors for self-driving cars, has purchased the optoelectronic components and laser modules business of Britain’s Gooch & Housego (G&H) to expand its semiconductor...
Italy’s Bending Spoons buys file sharing service WeTransfer
Italian app developer Bending Spoons has bought file-sharing platform WeTransfer, the companies said in a joint statement on Wednesday, as the Milan-based tech company presses ahead with a string of deals for software...
France’s SocGen to buy 75% stake in energy-focused investment firm Reed Management
French bank Societe Generale said it had agreed to buy a 75% stake in Reed Management, an alternative asset management company dealing in the energy sector. The takeover will also see SocGen invest 250 million euros...
Wood Group extends deadline for Sidara’s takeover offer to Aug. 9
UK’s John Wood Group on Wednesday extended the deadline by which Dubai-based engineering and consulting firm Sidara would need to make a firm offer for the company to not later than August 9. Sidara had previously...
Musk denies report xAI is considering acquiring Character.AI
U.S. businessman Elon Musk on Wednesday said his artificial intelligence startup xAI is not considering an acquisition of chatbot startup Character.AI, according to a statement on social media website X. Earlier, news...
Alaska-Hawaiian Merger Decision Delayed to Mid-August
Antitrust enforcers looking into Alaska Air Group Inc.’s plan to buy Hawaiian Holdings Inc. will take more time to decide on the proposed $1.9 billion deal. The Justice Department and state attorneys general now have...
Oil refiner CVR Energy continues to explore strategic transactions, CEO says
The CEO of U.S. oil refiner CVR Energy on Tuesday said the Sugar Land, Texas, company is exploring strategic transactions in refining. The Carl Icahn-controlled company has placed a bid in the U.S. court-auction of a...
