U.S. property data group CoStar raised its acquisition bid on Thursday for Domain Holdings, Australia’s second-largest real estate classifieds company, with the revised deal now valued at A$2.80 billion ($1.76...
KKR nears deal to buy Japanese medical gear maker Topcon, sources say
Private equity firm KKR is nearing a deal to acquire Japanese medical gear maker Topcon, according to people familiar with the matter, marking the latest sign of increased leveraged buyout activity in Japan. If the...
Vertical Farmer Plenty, Backed by Bezos, Softbank, Files Bankruptcy
Plenty Unlimited Inc., a vertical farming business that’s drawn backing from Jeff Bezos, SoftBank Group Corp. and Walmart, has filed for bankruptcy with a lender-backed plan to either raise capital or sell the business...
AT&T in talks to buy Lumen’s consumer fiber unit, Bloomberg News reports
AT&T is in talks to acquire Lumen Technologies’ consumer fiber operations, in a deal that could value the unit at more than $5.5 billion, Bloomberg News reported on Tuesday, citing people with knowledge of the...
Kroger countersues rival Albertsons after demise of $25 billion merger
U.S. grocery chain Kroger countersued Albertsons on Tuesday, escalating a legal battle between the companies following the collapse of their proposed $25 billion merger in December. Albertsons terminated the merger...
UK’s Warehouse REIT evaluates Blackstone’s $633 million takeover proposal
UK’s Warehouse REIT said on Tuesday it was evaluating asset manager Blackstone Europe LLP’s further sweetened, final all-cash takeover proposal that values the warehousing specialist at about 489 million...
Shareholders of Thailand’s Intouch approve merger with Gulf Energy
Shareholders of Thailand-based telecoms operator Intouch Holdings gave their backing on Tuesday to a planned $25 billion merger with billionaire Sarath Ratanavadi’s Gulf Energy, although the deal is still...
DBS leading race to buy controlling stake in Indonesia’s Panin Bank, sources say
DBS Group, Southeast Asia’s top bank by assets, is the frontrunner to buy a controlling stake in Indonesia’s Panin Bank, three people with knowledge of the matter said. The Singapore lender was competing...
South Africa’s Pepkor to buy Retailability adult clothing businesses
South Africa’s Pepkor said on Tuesday it will buy fashion businesses Legit, Swagga and Style and homewares brand Boardmans from privately owned retail group Retailability, as part of its expansion into the adult...
Italy’s Prysmian seals $1 bln buy of Channell to grow U.S. presence
Italy’s Prysmian has agreed to buy U.S. connectivity device manufacturer Channell Commercial Corp for up to $1.15 billion, the world’s largest cable maker said on Tuesday. The deal, which comes less than a...
UK food group Greencore increases bid for rival Bakkavor, Bloomberg News reports
British convenience food manufacturer Greencore has increased its bid for rival Bakkavor Group, Bloomberg News reported on Tuesday, citing sources. Bakkavor, which operates in Britain, China and the United States, has...
UK’s Ithaca Energy to acquire Japex’s North Sea business for $193 million
Ithaca Energy said on Tuesday it would acquire Japan Petroleum Exploration’s (Japex) UK unit for $193 million, as it seeks to become one of the biggest independent North Sea energy companies. Ithaca will take on...
