United Bankshares has agreed to buy smaller rival Piedmont Bancorp in a deal valued at about $267 million, the lenders said on Friday, amid growing consolidation in the U.S. regional banking industry. WHY IT’S...
Mubadala Capital’s $3 bln Fortress bid clears key US regulatory hurdle, FT reports
Abu Dhabi sovereign investor Mubadala Capital’s $3 billion bid for New York-based Fortress Investment Group has a significant U.S. regulatory hurdle after the parties agreed to important concessions, the Financial...
Pilates chain Solidcore explores sale, sources say
Pilates studio operator Solidcore is exploring options including a potential sale that could value the fitness chain at more than $750 million, including debt, people familiar with the matter said on Thursday. The...
Power producer Calpine explores options including $30 bln sale, sources say
The investment firms that took U.S. power plant operator Calpine Corp private six years ago are exploring options that include a company sale, an initial public offering or a stake divestment at a valuation of about $30...
UK grants conditional security clearance for Vodafone-Three merger
The British government on Thursday made a final order to conditionally approve the proposed merger between Vodafone’s UK operation and Hutchison’s Three UK, following a detailed national security assessment...
T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports
T-Mobile and Verizon Communications are in talks to buy parts of United States Cellular in separate transactions, the Wall Street Journal reported on Thursday. Shares of the regional wireless carrier jumped about 8.6%...
Sony Group, others eyeing buyout of Infocom, Bloomberg News reports
Sony Group and other parties are considering buying online comic store operator Infocom Corp in a deal worth up to 200 billion yen ($1.28 billion), Bloomberg News reported on Thursday. Infocom parent Teijin Ltd is...
Fincantieri buys Leonardo’s submarine business in 415 mln euro deal
Italian shipbuilder Fincantieri said on Thursday it had bought Leonardo’s Underwater Armament Systems (UAS), in a deal giving the submarine business line an enterprise value of 415 million euros ($447.20 million)...
Rio Tinto had considered a bid for BHP-target Anglo American, AFR reports
Mining giant Rio Tinto had considered an offer for British miner Anglo American, which is now BHP Group’s $39 billion takeover target, the Australian Financial Review reported on Friday. Rio “management had...
Spain’s BBVA turns hostile with $13 billion bid for Sabadell
Spanish bank BBVA launched a hostile 12.23 billion euro ($13.1 billion) all-share takeover bid for Sabadell on Thursday, in a surprise move that triggered immediate opposition from the government. Taking the offer...
Samsung Medison buys AI software firm Sonio SAS for $92 million
South Korea’s Samsung Medison said on Wednesday it is acquiring all of France’s Sonio SAS, a fetal ultrasound artificial intelligence software company for about 126 billion won ($92.4 million). Samsung...
UK’s Wood Group rejects engineering firm Sidara’s 1.4 bln pound bid
British oilfield services and engineering firm John Wood Group rejected a potential 1.42 billion pound ($1.77 billion) buyout proposal from Dubai-based firm Sidara on Wednesday, saying it “undervalued Wood and its...
