Citigroup on Friday dismissed as “baseless speculation” a Bloomberg News report that its top executives were weighing the acquisition of a U.S. regional bank, saying it remains focused on organic growth...
RTL to offer remedies, likely to win early EU approval for Sky Deutschland bid, sources say
European broadcaster RTL is set to offer remedies in the coming days to address EU antitrust concerns over its acquisition of Sky Deutschland, in a move likely to help it secure early regulatory approval for the deal...
Unilever shareholders to get majority stake in potential McCormick food deal, sources say
A proposed combination of Unilever’s food business with U.S. spice maker McCormick would offer the British group’s shareholders a majority stake in the new entity and tax benefits, two people familiar with...
Prosus considers 10% Delivery Hero stake sale to Aspex, Bloomberg News reports
Dutch technology investor Prosus is considering selling a roughly 10% stake in Germany’s Delivery Hero, in which it is the largest shareholder, to Hong Kong-based Aspex Management, Bloomberg News reported on...
Novartis to pay up to $2 billion for US biotech firm Excellergy
Swiss drugmaker Novartis will buy California-based biotech company Excellergy in a deal worth up to $2 billion, it said on Friday, extending its anti-allergy range and in line with plans to increase its U.S. focus. A...
Pernod Ricard in merger talks with Jack Daniel’s maker Brown-Forman
France’s Pernod Ricard and Jack Daniel’s owner Brown-Forman are in discussions about a possible merger, the companies said on Thursday, a move that would unite the world’s second-largest spirits maker...
Mastercard explores sale of payments unit it bought from Nets in 2019, FT reports
Mastercard is seeking to sell the real-time payments unit that it acquired from Denmark’s Nets Group in 2019 for $3.2 billion, the Financial Times reported on Thursday, citing people familiar with the matter...
Equitable, Corebridge set to merge, create $22 billion US insurance giant
U.S. insurers Equitable and Corebridge Financial said on Thursday they will merge in an all-stock deal that would create a $22 billion retirement, life insurance and asset management company. The combined company will...
KKCG Maritime sweetens offer for raising stake in Italian yacht maker Ferretti
Czech investment firm KKCG Maritime on Friday raised its voluntary offer to boost its stake in Italian yacht maker Ferretti, to as much as 203.3 million euros ($234.55 million). The revised offer of 3.90 euros per...
ABF’s Hovis takeover clears Britain review, flagged in Northern Ireland
Britain’s competition regulator on Thursday flagged competition risks in Northern Ireland over Associated British Foods’ acquisition of rival Hovis, while provisionally clearing it in Britain after finding...
Malaysia’s Sunway wins shareholder approval for $2.76 billion IJM takeover bid
Malaysian conglomerate Sunway won shareholder approval for its proposed takeover of construction firm IJM Corp, with 99.27% voting in favour at an extraordinary general meeting on Thursday, its chairman Jeffrey Cheah...
Thyssenkrupp, Jindal Steel sale talks falter on pension, energy costs, sources say
Discussions of a possible sale of Thyssenkrupp’s steel unit to Jindal Steel International could be called off due to differences over pension liabilities, investments and energy costs, four people familiar with...
