U.S. private equity firm Clayton Dubilier & Rice (CD&R) is exploring the sale of a stake in UK’s Motor Fuel Group (MFG) at a valuation of about 7 billion pounds ($8.8 billion), Sky News reported on...
Dell nears deal to sell $5 billion in AI servers to xAI, Bloomberg News reports
Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the...
Diamondback in talks to buy Double Eagle for more than $5 billion, source says
Diamondback Energy is in talks to buy EnCap-backed Double Eagle, a big West Texas energy producer, for more than $5 billion, a person familiar with the matter said on Friday. Last year, Reuters reported that Double...
Spanish group from Basque Country agrees to buy 29.7% of Talgo
A Spanish consortium from the Basque Country, made up of shareholders in steel maker Sidenor, the regional government and local lender Kutxabank, has reached an agreement to buy 29.7% of train maker Talgo, Talgo said on...
Nissan and Honda ditch $60 billion merger talks, face new uncertainty
Nissan and Honda ended merger talks to forge a $60 billion car company on Thursday, pitching Nissan deeper into uncertainty and highlighting the pressure on legacy automakers from Chinese rivals upending the industry...
Vale in advanced talks to sell Brazil renewable assets to GIP, sources say
Brazilian mining giant Vale is in advanced talks to sell a majority stake in a renewable energy unit and a solar plant to U.S.-based investment firm Global Infrastructure Partners (GIP), two people familiar with the...
GIP hires banks to sell Vena Energy stake at up to $10 billion valuation, sources say
Global Infrastructure Partners (GIP) has mandated Morgan Stanley and Japan’s Mitsubishi UFJ Financial Group to manage the sale of a controlling stake in Vena Energy, in a deal that could value the Singapore-based...
Steven Madden to buy UK-based luxury shoe brand Kurt Geiger in $360 million deal
Shoe designer Steven Madden said on Thursday it would buy UK-based luxury brand Kurt Geiger in an all-cash deal valued at 289 million pounds ($360.09 million), expanding its presence in international markets. The New...
AsiaPak Investments, Montage Oil bid for 75% of Lotte Chemical Pakistan
AsiaPak Investments, a private investment firm with operational assets in Pakistan and Hong Kong, and Middle Eastern oil and gas company Montage Oil have bid for a 75.01% stake in Lotte Chemical Pakistan, per a notice...
Foxconn says it is open to buying a stake in Nissan
Taiwan’s Foxconn would consider taking a stake in Nissan for cooperation, its chairman said, as the Japanese automaker’s future hangs in the balance after stepping back from merger talks with Honda...
Buyout firms vie for cybersecurity firm Trend Micro
Bain Capital, Advent International and EQT AB are among the private equity firms competing to acquire Japanese cybersecurity firm Trend Micro, which has a market value of 1.32 trillion yen ($8.54 billion), according to...
Validus Energy to buy natural gas producer 89 Energy III for $850 million, sources say
Privately owned U.S. oil and gas producer Validus Energy has struck a deal to buy rival 89 Energy III for about $850 million, including debt, sources familiar with the matter told Reuters. The deal adds more than 25,000...
