Sembcorp Industries said on Thursday its units will acquire Australia’s Alinta Energy for an enterprise value of A$6.5 billion ($4.32 billion), marking one of the largest overseas expansions for the Singaporean...
Apparel retailers Destination XL and FullBeauty agree to merger of equals
Retailers Destination XL Group and FullBeauty Brands agreed to merge, creating a bigger player in the size-inclusive apparel market, the companies announced on Thursday, confirming an earlier Reuters report. The...
EU antitrust regulators erred in clearing Broadcom’s VMware deal, cloud industry lobby says
EU antitrust regulators failed to analyse properly the risks of Broadcom’s $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers in Europe...
BlackRock sells 7% stake in Naturgy for $2 billion
BlackRock has sold a 7.1% stake in Spanish gas utility Naturgy for around 1.7 billion euros ($1.99 billion) through an accelerated bookbuild placement managed by JPMorgan, the firm said on Thursday. The transaction...
WTW to buy brokerage firm Newfront in up to $1.3 billion deal
Insurance broker WTW said on Wednesday it will acquire Newfront in a deal worth up to $1.3 billion, aiming to expand its reach in the U.S. middle-market through the brokerage. The deal will be through a $1.05 billion...
Rheinmetall CEO makes fresh pitch to buy part of KNDS NV, Bloomberg reports
Rheinmetall AG Chief Executive Officer Armin Papperger is making a fresh pitch to buy part of rival KNDS NV and create a European land defence company that would consolidate the continent’s fragmented market, Bloomberg...
BlackRock to sell 7% stake in Naturgy in accelerated sale
BlackRock plans to sell around 69 million shares in Spanish gas utility Naturgy, equivalent to 7.1% of the company, in an accelerated bookbuild placement managed by JP Morgan, the firm said on Wednesday. The...
First Brands financier Raistone nearing sale, FT reports
Trade finance company Raistone, a creditor of First Brands, is nearing a deal to sell itself to investment firm Marblegate Asset Management, the Financial Times reported on Wednesday, citing people familiar with the...
Brazil’s antitrust body approves Petz-Cobasi merger with restrictions
Brazil’s antitrust authority CADE’s administrative tribunal approved on Wednesday the merger of the country’s two largest pet product retailers, Petz and Cobasi. CADE approved the deal with...
Anglo American, Teck Resources shareholders approve mining merger
Shareholders of Anglo American and Teck Resources on Tuesday approved a previously announced merger, the companies said, paving the way for the creation of a copper heavyweight and leaving regulatory approvals as the...
Shell in advanced talks to buy LLOG Exploration for more than $3 billion, sources say
Shell is in advanced talks to buy LLOG Exploration Offshore in a deal worth more than $3 billion, two sources familiar with the matter said, a move that would boost the oil major’s upstream portfolio through one...
Activist investor Elliott takes 5% stake in Toyota Industries, filing shows
Activist investor Elliott Investment Management has taken a 5.01% stake for 268 billion yen ($1.71 billion) in Toyota Industries, a group firm that Toyota Motor is hoping to buy out, a regulatory filing showed on...
