Mining giant Rio Tinto said on Tuesday it will buy Mitsubishi Corp’s 11.65% stake in Boyne Smelters (BSL) for an undisclosed sum. Boyne, which owns and operates the Boyne Island aluminium smelter in Gladstone...
Shari Redstone kills potential Paramount merger with Skydance
Media heiress Shari Redstone abruptly ended talks with David Ellison’s Skydance Media on Tuesday, killing the potential sale of a controlling stake in Paramount Global to the independent studio, sources familiar...
UBS and Credit Suisse’s Swiss units could merge by July 1
The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday. UBS, which acquired former rival Credit Suisse last year after the...
France’s Atos to sell Worldgrid unit to Alten for about $290 mln
Debt-laden French tech group Atos said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros ($289.93 million) to engineering consulting group Alten...
Cognizant to acquire US digital engineering firm Belcan for $1.3 billion
Cognizant, the US-based outsourcing services major with a predominantly Indian technology service-delivery footprint, on Monday said it will acquire digital engineering firm Belcan for $1.29 billion (around Rs 10,700...
Brazil’s Dasa, Amil in advanced talks to combine hospital businesses
Brazil’s Diagnosticos da America (Dasa) and health insurance operator Amil are in advanced talks to combine their hospital businesses, Dasa said in a securities filing on Monday. Under the current negotiations...
Australia’s Bapcor gets $1.2 bln offer from Bain Capital
Private equity firm Bain Capital has offered to buy Australia’s Bapcor in a A$1.83 billion ($1.21 billion) deal, which analysts said could draw attention of more suitors to the struggling auto parts retailer...
Australia’s Rio Tinto to buy Mitsubishi’s nearly 12% stake in Boyne Smelters
Mining giant Rio Tinto said on Tuesday it will buy Mitsubishi Corp’s 11.65% stake in Boyne Smelters (BSL) for an undisclosed sum. Boyne, which owns and operates the Boyne Island aluminium smelter in Gladstone...
Engelhart Commodities to buy energy business Trailstone
Engelhart Commodities Trading Partners has agreed to buy energy and technology company Trailstone Group to strengthen its global power and gas trading platform, the company said on Monday. Engelhart will buy Trailstone...
Spain’s Criteria drops takeover plan for Naturgy with Abu Dhabi’s TAQA
Spanish holding firm Criteria said on Monday it had not reached an agreement with Abu Dhabi’s TAQA over a potential joint takeover bid for Spanish gas firm Naturgy. El Mundo newspaper had earlier reported, citing...
Apollo, Kyndryl in bid for DXC Technology, sources say
Buyout firm Apollo Global and Kyndryl Holdings, the information technology services provider that was spun out of IBM, are in talks about a joint bid for DXC Technology, people familiar with the matter said on Monday...
Blackstone sells Mphasis tranche in early Monday trade
Blackstone sold 29.5 million shares in Mphasis Ltd, amounting to a 15.6% stake, via a block deal early on 10 June, as per data on the Bloomberg terminal. With this, Blackstone has sold shares amounting to ₹7,066 crore...
