Services firm WSP Global said on Monday it will acquire U.S. power and energy firm TRC Companies in a $3.3 billion all-cash deal. A surge in power consumption from data centers dedicated to artificial intelligence...
Roomba maker iRobot files for bankruptcy, to go private after buyout
Roomba vacuum cleaner maker iRobot said on Sunday that it had filed for bankruptcy protection, and would go private after being acquired by Picea, its primary manufacturer. The company, which raised concerns about...
ServiceNow in advanced talks to acquire cybersecurity startup Armis for upto $7 billion, says report
After Alphabet and Palo Alto Networks each acquired cybersecurity firms, tech company ServiceNow Inc., is in advanced talks to buy Armis, and Israeli military veterans-run cybersecurity startup for up to $7 billion...
HSBC’s $13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod
Hong Kong’s Hang Seng Bank said on Monday an independent board committee found HSBC’s $13.6 billion take-private offer to be fair and reasonable, and recommended its minority investors vote in favour of the...
Australia’s Fortescue to buy remaining stake in Alta Copper, valuing it at $101 million
Australia’s Fortescue said on Monday it would buy the remaining 64% of Alta Copper, in a deal implying a total equity value of C$139 million ($101 million) for the Toronto-listed copper miner. Fortescue, through...
Coca-Cola holds last-ditch talks in bid to salvage Costa Coffee sale, FT reports
U.S. soft drinks company Coca-Cola’s proposed sale of Costa Coffee is at risk of collapsing, with the company holding last-ditch talks this weekend with private equity firm TDR Capital in an effort to salvage the...
Law firms Winston & Strawn, Taylor Wessing in talks to merge
U.S. law firm Winston & Strawn and the UK’s Taylor Wessing are in talks to merge, in what would be the latest large-scale transatlantic law firm combination. Winston & Strawn and Taylor Wessing UK...
Sweden’s Sobi to buy US biotech Arthrosi for up to $1.5 billion to boost gout pipeline
Drugmaker Swedish Orphan Biovitrum said on Saturday it had agreed to acquire U.S.-based biotechnology company Arthrosi Therapeutics for up to $1.5 billion to strengthen its portfolio of gout treatments. Sobi will pay...
Azul wins court nod for debt restructuring, American and United to invest
A U.S. bankruptcy judge on Friday approved Azul’s debt restructuring, allowing the Brazilian airline to slash more than $2 billion in debt and raise capital through a new equity rights offering and investment from...
Crypto giant Tether tests Agnelli family resolve with all cash bid for Juventus
The Agnelli family has no intention of selling Juventus to crypto group Tether or anyone else, sources close to the family’s holding company Exor said, after Tether bid for Italy’s most historically...
China’s Jiangxi Copper sweetens bid for UK-listed SolGold to $1.13 billion
SolGold said on Friday it was “minded to recommend” an improved offer from its top shareholder, Jiangxi Copper that values the gold and copper miner at about 842 million pounds ($1.13 billion), amid a global...
Berlin eyes TenneT Germany majority stake, Boersen-Zeitung says
The German government is in early deliberations to acquire a majority stake in TenneT’s German power grid operations after agreeing in principle to take a 25.1% stake, newspaper Boersen-Zeitung reported on Friday...
