Germany’s Elmos Semiconductor is exploring a sale as its founders consider exiting the business, according to three people familiar with the matter. Elmos, which has a market value of around 2.3 billion euros...
International News
ADNOC and OMV are set to complete chemicals mega-merger by end of March
Abu Dhabi National Oil Company and Austria’s OMV expect to complete by the end of March a mega-merger to create a global chemicals giant, the companies said on Thursday, after years of talks. The deal, first...
CK Hutchison says still in talks over ports assets sale
CK Hutchison said on Thursday it remained in talks with a consortium to sell the majority of its ports business, a deal that has been overshadowed by a legal fight with the Panamanian authorities, as it posted a 7%...
OpenAI to buy Python toolmaker Astral to take on Anthropic
OpenAI said on Thursday it will acquire Python toolmaker Astral, as the ChatGPT owner looks to strengthen its portfolio against rival Anthropic and gain more share in the artificial intelligence coding tools market...
MSC to buy 50% stake in tanker giant Sinokor, Cypriot filing shows
Container shipping giant Mediterranean Shipping Company is to buy 50% stake in South Korean shipping firm Sinokor, according to a public filing in Cyprus. After the acquisition, MSC will jointly control Sinokor with...
Mastercard to buy stablecoin infra firm BVNK for up to $1.8 billion
Mastercard said on Tuesday it would buy stablecoin payments infrastructure firm BVNK for up to $1.8 billion, as the card giant deepens its push into blockchain-based transfers. Increasing regulatory clarity and...
CureBay absorbs Saveo’s pharma distribution unit to expand rural reach
Rural healthtech startup CureBay has acquired the pharmaceuticals distribution business of B2B (business-to-business) health marketplace Saveo, Priyadarshi Mohapatra, founder and chief executive of CureBay told Mint...
Altai Capital presses OraSure to sell and give it board seats, letter says
Activist investor Altai Capital Management called on OraSure Technologies to explore a sale, saying the medical device maker could fetch double its current share price. The hedge fund also said it would like board...
Victory Capital sweetens $8.6 billion Janus Henderson bid with more cash
Victory Capital revised its $8.6 billion cash-and-stock offer for rival Janus Henderson on Tuesday, ratcheting up efforts to derail the asset manager’s take-private deal with Nelson Peltz’s Trian and...
Unilever considers separation of its food assets, Bloomberg News reports
Unilever is in the early stages of weighing a separation of its food assets as the consumer goods maker plans to streamline its business, Bloomberg News reported on Tuesday, citing people familiar with the matter...
Spandex maker Lycra files for bankruptcy to cut $1.2 billion in debt
The Lycra Company, a maker of spandex and other stretch fabrics, has filed for Chapter 11 bankruptcy protection in Houston, Texas, on Tuesday, seeking to shed $1.2 billion in debt. The company’s lenders agreed to...
GSR acquires crypto advisory firms in $57 million expansion
Crypto trading firm and liquidity provider GSR is acquiring two digital asset advisory firms in a $57 million deal to become a “one stop shop” crypto capital markets partner, the company said on Tuesday...
