Artisan Partners, which has a history of driving strategic change at consumer companies, welcomed Unilever’s decision on Tuesday to merge its food business with McCormick, saying the Dove soap maker should now be...
International News
KKR plans to privatise Japan’s Taiyo Holdings with $3.3 billion tender offer
Global investment firm KKR said on Tuesday that an entity owned by its investment funds seeks to make a tender offer to buy all shares of Japanese chemical manufacturer Taiyo Holdings for 528.56 billion yen ($3.33...
Lilly seals up to $7.8 billion deal for Centessa in sleep disorder bet
Eli Lilly said on Tuesday it would buy Centessa Pharmaceuticals in a deal valued at up to $7.8 billion as the U.S. drugmaker looks to diversify beyond its metabolic portfolio and expand into treatments for sleep...
Unilever and McCormick agree to food business deal
Unilever has agreed to separate its food unit, home to Knorr and Hellmann’s, and merge it with spice maker McCormick in a cash-and-stock deal valuing the British firm’s food business at about $44...
Carlyle to buy majority stake in MAI Capital at over $2.8 billion valuation
MAI Capital Management said on Tuesday that funds managed by investment firm Carlyle Group will buy a majority stake in a deal valuing the wealth management firm at more than $2.8 billion. The move deepens...
Italy’s Mundys builds stake in Eurotunnel operator, closing in on Eiffage
Italian infrastructure group Mundys is aiming to build a stake of up to 29.9% of voting rights in Getlink, the Paris-based Channel Tunnel operator, through two transactions that would bring it close to top shareholder...
Canada’s Sun Life buys remaining stakes in BGO, Crescent Capital
Canada’s Sun Life Financial said on Monday it had completed an acquisition of the remaining stakes in BGO and Crescent Capital that it did not already own. The insurer paid C$1.59 billion ($1.14 billion) for...
Activist Pineal Capital pushes Teladoc to consider split, other changes to boost value
Activist investor Pineal Capital Management has urged sweeping changes at Teladoc Health, calling for cost cuts and a potential breakup of the telehealth provider to unlock shareholder value. In an open letter to the...
Unilever, McCormick near deal to create $60 billion food business
Unilever said on Tuesday it was in advanced talks to combine its food business with spice maker McCormick in a potential deal that would deliver $15.7 billion in cash and give shareholders majority control of the...
American Exchange Group to buy sneaker maker Allbirds for $39 million
American Exchange Group (AXNY) entered an agreement on Monday to buy all the assets and liabilities of footwear maker Allbirds for $39 million. Here are some details on this: Allbirds plans to file a proxy statement...
Unilever-McCormick potential food unit deal includes $16 billion cash component, WSJ reports
Unilever is in advanced talks to combine its food business with U.S. spice maker McCormick, in a deal that includes a cash component of around $16 billion, the Wall Street Journal reported on Monday, citing people...
Canada’s Sun Life buys remaining stakes in BGO, Crescent Capital
Canada’s Sun Life Financial said on Monday it had completed an acquisition of the remaining stakes in BGO and Crescent Capital that it did not already own. The insurer paid C$1.59 billion ($1.14 billion) for...
