U.S. President Donald Trump said on Tuesday he opposes a potential merger between United Airlines and American Airlines, signaling resistance to a deal that would reshape the U.S. airline industry. “I don’t...
International News
Power startup Fermi rejects former CEO’s call for sale of company
Fermi on Tuesday rejected former CEO Toby Neugebauer’s call for an immediate sale of the U.S. power startup, saying such a move was “not in the best interest” of the company. Neugebauer, who co...
Horse racing-Churchill Downs to buy Preakness intellectual property for $85 mln
Churchill Downs Incorporated announced on Tuesday that it had entered into a definitive agreement to acquire the intellectual property of the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Racing for $85...
Bain Capital sole contender for Vitabiotics buy
Bain Capital has emerged as the frontrunner to acquire Vitabiotics, UK’s largest nutraceutical company, as the private equity firm looks to bet on growing demand for nutrition, vitamins, minerals, and wellness...
Jack Daniel’s maker Brown-Forman favors Pernod Ricard bid over Sazerac, source says
The family that controls Jack Daniel’s maker Brown-Forman favors a potential sale to French distiller Pernod Ricard over a rival proposal from American spirits group Sazerac, a person familiar with the matter...
Private equity firms submit offers for Schroders’ Benchmark unit, Sky News reports
A group of private equity firms submitted initial bids for Benchmark Capital, the financial planning business of Schroders, Sky News reported Monday, as the British asset manager moves ahead with a 9.9 billion pound...
Blue Owl agrees to buy healthcare REIT Sila Realty Trust for $2.4 billion
Blue Owl Capital’s real assets division has agreed to acquire Sila Realty Trust, a healthcare-focused real estate investment trust, in an all-cash deal valued at about $2.4 billion, the companies said on Monday...
US private equity firm TA Associates in talks to buy UK’s Advanced Medical Solutions
Advanced Medical Solutions said on Monday that it is in negotiations with U.S. private equity firm TA Associates over a potential takeover of the British medical supplier. TA Associates’ approach is the latest...
William Hill UK owner Evoke weighs $304 million takeover bid from Bally’s Intralot
Betting group Evoke, owner of William Hill UK and 888, is evaluating a takeover proposal from Greek lottery and gaming firm Bally’s Intralot, it said on Monday, valuing the debt-laden UK company at 225.3 million...
McKesson sells minority stake in surgical supplies unit to Apollo Funds for $1.25 billion
McKesson will sell a minority stake in its medical-surgical solutions business to investment firm Apollo Funds for $1.25 billion, as the drug distributor plans to spin off the unit through an initial public offering...
Japan’s Nojima to buy Hitachi’s consumer appliances unit for more than $630 million, Nikkei reports
Japanese electronics retailer Nojima is planning to buy Hitachi’s consumer appliances unit Hitachi Global Life Solutions for more than 100 billion yen ($630.32 million), the Nikkei newspaper reported on...
Honeywell to sell productivity solutions unit to Brady for $1.4 billion
Honeywell has agreed to sell its productivity solutions and services unit to industrial equipment maker Brady in an all-cash deal worth $1.4 billion, the conglomerate said on Monday, as it aims to streamline its...