Novo Holdings, the controlling shareholder of Danish obesity drugmaker Novo Nordisk, said on Wednesday it would buy a controlling stake of about 60% in Single Use Support, an Austria-based life science tools company. It...
UK’s Wood Group rejects sweetened buyout offer from Sidara
British oilfield services and engineering firm John Wood Group said it had rejected a raised buyout proposal from Dubai-based company Sidara on Wednesday. Shares of London-listed Wood Group fell 5.6%, to 189.30 pence at...
Tata Mutual Fund merges banking & PSU debt fund with corporate bond fund
Tata Mutual Fund has announced the merger of Tata Banking & PSU Debt Fund with Tata Corporate Bond Fund. The two schemes will be merged and Tata Corporate Bond Fund will be the surviving scheme. The fund house...
Repsol in talks to sell a slice of its renewable business, sources say
Spanish oil company Repsol is in negotiations to sell a stake in its renewable energy unit, a move to help fund its strategic plan through 2027, according to four sources with knowledge of the talks. The company has...
KKR to take UK’s IQGeo private in $396 mln deal
Private equity firm KKR will take UK’s IQGeo Group private in a 316 million pounds ($396.04 million) deal, the companies said on Tuesday, sending shares in the geospatial software provider soaring 16%. Geologist...
Desert venture acquires entertainment firm in latest test of Saudi ambitions
The company behind Saudi Arabia’s vast Qiddiya sports and entertainment complex near Riyadh will take over entertainment business SEVEN, in a bid to expedite the multi-billion dollar project, sources told Reuters...
Italgas begins exclusive talks to buy 2i Rete Gas
Italgas, Europe’s biggest gas distributor, said on Monday that it started exclusive talks to acquire smaller rival 2i Rete Gas. A merger between the two would be a major step in the consolidation of the gas...
Kraft Heinz exploring sale of Oscar Mayer business, WSJ reports
Kraft Heinz is exploring a sale of its Oscar Mayer meats business that could fetch anything between $3 billion to $5 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. The Oscar...
Anglo American rejects BHP’s revised $42.7 billion buyout proposal
Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday, saying the world’s largest listed miner “continues to significantly undervalue” the...
Volkswagen explores stock sale in truckmaker Traton, Bloomberg reports
Volkswagen is exploring the sale of as much as 1 billion euros ($1.08 billion) worth of stock in its heavy truckmaking arm Traton SE, Bloomberg News reported on Monday, citing people familiar with the matter. The German...
Cinven to explore $3 billion sale of software maker Jaggaer, sources say
Private equity firm Cinven is preparing to explore a sale of Jaggaer that it hopes will value the maker of supply chain software at about $3 billion, including debt, according to people familiar with the matter. Cinven...
J&J to exit spinoff Kenvue with latest stake sale
Tylenol maker Kenvue said on Monday that Johnson & Johnson will sell its remaining 9.5% stake in the company, about a year after the healthcare conglomerate spun off and listed its consumer health business. Based on...
