Australia’s Pepper Money said on Wednesday it has rejected the takeover proposal from Challenger as the offer was not “reasonably capable of execution”, a week after the bidders lowered the price...
International News
Merck nears $6 billion acquisition of Terns Pharma to boost cancer portfolio, FT reports
Pharmaceutical company Merck is nearing a roughly $6 billion all-cash deal to acquire biotech firm Terns Pharma, the Financial Times reported on Tuesday, citing people familiar with the matter. The potential...
Hungary’s MOL has U.S. approval to continue NIS acquisition talks
Hungary’s MOL said it received U.S. approval to continue negotiations regarding the acquisition of a majority stake in Serbia’s NIS refinery, with the deadline for negotiations extended until May 22. In...
Grab to buy Delivery Hero’s Foodpanda Taiwan business for $600 million
Southeast Asia’s biggest ride-hailing and delivery firm, Grab, said on Monday it would pay $600 million in cash for Delivery Hero’s Foodpanda delivery business in Taiwan, in its first expansion outside the...
Estee Lauder in talks to merge with Jean Paul Gaultier-owner Puig in fragrance push
Estee Lauder is in talks regarding a potential business combination with Spanish beauty group Puig, the companies said on Monday, in a deal that would bring some of the world’s biggest beauty and fragrance...
Exor to generate $2.3 billion from stake sales in Iveco, GEDI, Lifenet and Nuo
Exor expects to rake in 2 billion euros ($2.32 billion) in proceeds this year from selling its stakes in four companies, the Agnelli family’s investment firm said on Monday. The firm has signed stake sale deals...
American Residential Services explores $3.5 billion-plus sale, sources say
The private equity owner of American Residential Services (ARS) is exploring a sale of the heating, ventilation, and air conditioning (HVAC) and plumbing services provider that could value it at over $3.5 billion...
Apollo, Bain in bidding for Continental industrial unit, Bloomberg News reports
Private equity firms including Apollo Global Management and Bain Capital are weighing bids for tyremaker Continental’s industrial division in a deal that could value it at roughly 3.5 billion euros ($4.06...
Cencora buys EyeSouth’s retina business in $1.1 billion deal
U.S. drug distributor Cencora said on Monday it would buy the retina-care business of EyeSouth Partners for $1.1 billion, bolstering its specialty medical services business. The deal will combine the privately held...
M&A activity to accelerate this year despite war disruption, Goldman Sachs says
Goldman Sachs expects mergers and acquisitions activity to be on the upswing this year despite the disruption caused by the U.S.-Israeli war on Iran, CEO David Solomon said on Friday. “While it is difficult to...
Amazon acquires Swiss robotics company Rivr to test robots for doorstep delivery
Amazon has acquired Swiss robotics company Rivr to strengthen its doorstep delivery capabilities. The acquisition took place earlier this week. However, the terms of the deal have not been disclosed. The development...
Italy’s Poste launches $12.5 bln cash-and-share bid to buy Telecom Italia
Italian majority-state-owned national postal service Poste Italiane said on Sunday it was launching a cash-and-share offer to buy former phone monopoly Telecom Italia (TIM) for 10.8 billion euros ($12.5 billion)...
