U.S. investment firm KKR secured unconditional EU antitrust approval on Thursday for its up to 22-billion-euro ($24 billion) acquisition of Telecom Italia’s (TIM) fixed-line network. The deal is significant as it...
US Steel, Nippon Steel receive all non-US approvals for merger
U.S. Steel Corp and Japan’s Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday. Nippon had clinched the deal to...
UK’s Renewi to sell UK Municipal business to Biffa
Waste management firm Renewi plans to sell its UK Municipal business to Biffa Ltd as it fully shifts focus to European recycling markets in line with last year’s strategic review, the London-listed company said on...
Double Eagle explores $6.5 billion sale of shale oil producer, sources say
Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the...
WeWork cleared to exit bankruptcy and slash $4 billion in debt
A U.S. bankruptcy judge on Thursday approved WeWork’s Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company’s equity over to a group of...
Italy scales back plans to sell stake in Poste
Italy will retain 51% of Poste Italiane, the Treasury told unions on Thursday, scaling back a previous plan to cut the state’s stake in the postal service to as low as 35% from 64% currently. The move highlights...
ConocoPhillips to buy Marathon Oil in $22.5 bln deal in latest energy merger
Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil for $22.5 billion, the latest in a series of mega-deals in the energy industry. The U.S. oil and gas industry has been...
BHP walks away from $49 billion pursuit of mining rival Anglo
Mining group BHP Group on Wednesday walked away from its $49 billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit. BHP’s aim was to...
Sidara raises proposed buyout offer for UK’s Wood Group for third time
Dubai-based engineering and consulting firm Sidara raised its proposed takeover offer for John Wood Group for the third time, saying that was its “final offer” for the British oilfield services and...
HSBC completes sale of Russian unit to Expobank
HSBC has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty. HSBC’s exit from Russia has been...
Royal Mail owner agrees to $4.6 bln takeover by Czech billionaire Kretinsky
The owner of Britain’s Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, it said on Wednesday, in a take-private deal of one of the world’s oldest...
Aethon Energy to buy Tellurian upstream assets for $260 million
Aethon Energy said on Wednesday it would buy Tellurian’s upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of liquefied natural gas from...
