Britain’s competition regulator cleared Carlsberg’s deal with soft drinks maker Britvic on Tuesday, saying it would not refer the $4.23 billion transaction for an in-depth probe. Carlsberg struck a deal to...
Singapore’s GIC invests additional $150 mln in India’s TPG-backed Asia Healthcare
Singapore’s sovereign wealth fund GIC will invest an additional $150 million into India-based Asia Healthcare Holdings, the companies said on Wednesday. This follows GIC’s initial investment of $170 million...
Honeywell considers spinning off aerospace business amid Elliott’s breakup push
Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the company’s breakup...
Regional lenders Berkshire Hills Bancorp, Brookline strike $1.1 bln merger deal
Berkshire Hills Bancorp and Brookline Bancorp have agreed to merge in an all-stock deal valued at about $1.1 billion, the regional lenders said on Monday, in yet another sign of increasing consolidation within the...
Phillips 66 to sell stake in Texas pipeline for $865 mln
Phillips 66 said on Monday it would sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for $865 million, setting the U.S. refiner on course to exceed its asset...
Alibaba to sell department store chain Intime for $1 bln
Alibaba Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising of textiles firm Youngor Fashion and some of Intime’s management for 7.4 billion yuan ($1.02 billion)...
UK approves Daniel Kretinsky’s $6.7 billion bid for Royal Mail parent, FT reports
The British government has approved Czech billionaire Daniel Kretinsky’s 5.3-billion-pound ($6.69 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times reported on Monday...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Blackstone, Bain to bid for Mitsubishi pharma unit in up to $3.5 bln deal, sources say
Global private equity firms Blackstone and Bain Capital are among final bidders for Mitsubishi Tanabe Pharma, a unit of Japan’s Mitsubishi Chemical Group, in a deal that could value it at between $3 billion and $3...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Kosmos in early talks for Tullow Oil takeover
U.S. oil and gas company Kosmos Energy is in early talks for an all-share acquisition of Tullow Oil that would create a West Africa-focused producer. The merger of the two heavily indebted firms would be the latest in a...
Argentina to sell stake in majority state-owned power transport firm
Argentina will put up for sale its entire 51% stake in majority state-owned power transport firm Transener in the coming days, energy and mining government coordination secretary Daniel Gonzalez said on Friday...
