Bavarian Nordic said on Wednesday a consortium led by Nordic Capital and Permira has raised its offer price for the vaccine maker to 250 Danish crowns ($38.94) after its initial bid was not accepted by a sufficient...
Lone Star to take Hillenbrand private for $2.3 billion
Hillenbrand is being taken private by investment firm Lone Star Funds for $2.3 billion in cash, sending the industrial equipment maker’s shares surging about 19% in early trading. A Lone Star affiliate is offering...
Australia’s Macquarie to lift stake in London City Airport to 75%
Macquarie Group’s asset management arm will acquire an additional 50% stake in London City Airport, raising its total ownership to 75%, the Australian investment firm said on Wednesday, as it deepens its presence...
J&J to spin off orthopaedics unit after strong Q3 results, stock falls 1%
Johnson & Johnson (J&J), the global healthcare industry bellwether, announced on Tuesday its plan to separate its orthopaedics division from the main company within the next 18 to 24 months. This major...
Boeing gains EU antitrust nod for $4.7 billion Spirit AeroSystems deal
Boeing secured EU antitrust approval on Tuesday for its $4.7 billion acquisition of Spirit AeroSystems after agreeing to sell some Spirit businesses to address competition concerns. The deal announced last year aims to...
Rayonier, PotlatchDeltic to form timber products giant in $8.2 billion merger
U.S. land managers Rayonier and PotlatchDeltic said they would merge on Tuesday in an all-stock deal worth about $8.2 billion, including debt, forming the country’s second-largest publicly traded timber and wood...
Cenovus Energy builds bigger stake in MEG Energy ahead of merger vote
Cenovus Energy said on Tuesday it has purchased about 21.7 million common shares of MEG Energy ahead of a merger vote, bolstering its position as it prepares to acquire one of Canada’s last large pure-play oil...
Brazil’s BTG Pactual proposes merger with Banco Pan
Brazilian investment bank BTG Pactual announced late on Monday a binding proposal to incorporate shares of Banco Pan, offering a significant premium to minority shareholders in a move that would make Pan its indirect...
Zara founder buys UK warehouse leased to Amazon for $108 million: report
Zara founder Amancio Ortega’s investment vehicle Pontegadea Inversiones has agreed to acquire PLP’s Knowsley warehouse in Britain, near Liverpool, for £81 million ($107.50 million), Place North West real...
a16z-backed data firms Fivetran, dbt Labs to merge in all-stock deal
Data startups Fivetran and dbt Labs will merge in an all-stock deal, creating a combined data infrastructure company with nearly $600 million in annual revenue, the two companies told Reuters. The deal is structured as...
Dating app Grindr explores go-private deal: Report
Insiders at dating app Grindr are discussing taking it private after a share slump put its top owners in a tight personal financial position, Semafor reported on Monday, citing people familiar with the matter. Grindr...
Goldman Sachs buys venture capital firm Industry Ventures
Goldman Sachs has agreed to buy Industry Ventures, a leading venture capital firm that manages $7 billion of assets, in a bid to expand its services to technology entrepreneurs, it said on Monday. Industry Ventures has...
