Mattress retailer Sleep Number received a bankruptcy court’s approval on Monday to sell its assets to retailer Sleep Country of Canada for $701 million in total value. Sleep Country, which previously offered $415...
International News
Snacks maker Utz Brands to be taken private in $2.9 billion deal
Utz Brands said on Tuesday it has agreed to be acquired by Germany’s Intersnack Group in a deal valued at about $2.9 billion, including debt, that would take the salty snacks maker private and give the European...
UK’s Metro Bank eyes $2.7 billion merger with Aldermore, Sky News reports
Britain’s Metro Bank is exploring a £2 billion ($2.7 billion) merger with rival lender Aldermore, which was put up for sale by South Africa’s FirstRand following the motor finance mis-selling scandal, Sky...
UK’s Frasers boosts Hugo Boss stake over 30% mandatory bid threshold
British retailer Frasers said on Tuesday that it has raised its holdings in Hugo Boss to about 30.28%, crossing a key regulatory threshold in its takeover pursuit of the German fashion house. Here are some more...
Samsung Biologics to acquire PolyPeptide in $1.8 billion deal
Samsung Biologics Co. agreed to acquire Switzerland’s PolyPeptide Group AG in an all-cash deal that values the contract drugmaker’s equity at about 1.46 billion Swiss francs ($1.8 billion), expanding its...
Russian steel magnate sells shipping firm operating in Sea of Azov, sources say
Russian steel billionaire Vladimir Lisin has sold a shipping firm operating in the Sea of Azov to companies affiliated with agricultural logistics group Demetra, four industry sources said, adding the deal was struck...
Magnolia Oil & Gas to buy WildFire Energy in $4.06 billion deal
Magnolia Oil & Gas said on Monday it had agreed to acquire WildFire Energy for about $4.06 billion, including debt, to expand its position in the Giddings field in South Texas. The deal includes about 810,000 net...
Repsol, Engie in race for renewable power company Asterion -sources
Spanish oil and gas company Repsol and French utility Engie have submitted indicative offers to buy European renewable power company Asterion Energies, three sources with knowledge of the matter told Reuters. Madrid...
LXP Industrial Trust agrees to $5.2 billion deal by Brookfield, CPP Investments
LXP Industrial Trust will be taken private by Brookfield Asset Management and Canada Pension Plan Investment Board in a $5.2 billion all-cash deal, the industrial real estate investment trust said on Monday. Shares of...
Tempus to buy cancer test maker Personalis for $1.5 billion
Tempus AI said on Monday it would buy Personalis in a deal valued at about $1.5 billion, adding a cancer test to the AI-enabled precision medicine firm’s oncology portfolio. Personalis shares fell 12% in morning...
BP to sell Austrian mobility, convenience and EV charging businesses
BP said on Monday it had agreed to sell its Austrian mobility, convenience and electric vehicle (EV) charging businesses to Volenergy AG under confidential terms. The British major is aiming to simplify its...
Cardinal Health to buy AdaptHealth diabetes unit, Strive Medical for $360 million
Cardinal Health said on Monday it has agreed to buy AdaptHealth’s diabetes health business and medical supply provider Strive Medical in separate deals for about $360 million in total, expanding its home care...
