Fair trade regulator CCI on Tuesday said it has approved Abu Dhabi National Oil Company’s (ADNOC) proposal to acquire Covestro for USD 16.4 billion. Abu Dhabi’s state-owned oil firm ADNOC is an energy and...
Indonesia’s XL Axiata, Smartfren to merge, with $6.5 bln enterprise value
Indonesian telcos XL Axiata, Smartfren Telecom and Smart Telcom (SmartTel), a unit of Smartfren, said on Wednesday they have agreed to merge to create a combined entity with an enterprise value of 104 trillion rupiah...
Nippon Life to buy Resolution Life in $8.2 billion deal
Nippon Life Insurance said on Wednesday it plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion as it pursues growth in the U.S. market. The all-cash deal represents...
Kroger’s $25-bln deal for grocery rival Albertsons blocked by US courts
A U.S. judge blocked the pending $25-billion merger of U.S. grocery chains Kroger KR.N and Albertsons on Tuesday, in a win for the Federal Trade Commission that Kroger has said would likely scuttle the deal. The FTC...
Denmark’s Nykredit in $3.5 bln deal to buy Spar Nord Bank
Danish lender Nykredit has agreed to offer 24.7 billion Danish crowns ($3.50 billion) in an all-cash bid to buy domestic rival Spar Nord Bank, the two companies said in a joint statement on Tuesday. “The merger...
Avast antivirus owner Gen Digital acquires MoneyLion in $1 bln deal
Norton and Avast owner Gen Digital has agreed to buy fintech firm MoneyLion in an all-cash deal valued at about $1 billion to beef up its consumer finance offerings, the companies said on Tuesday. Gen Digital will pay...
Gallagher strikes $13.5 bln deal for AssuredPartners to strengthen insurance broker business
Arthur J Gallagher will buy insurance broker AssuredPartners in a $13.45 billion all-cash deal, it said on Monday, as it deepens focus on property and casualty and employee benefits across the U.S. The deal will expand...
Cadbury-owner Mondelez exploring Hershey acquisition, Bloomberg News reports
Cadbury-parent Mondelez International is exploring the acquisition of chocolate maker Hershey, Bloomberg News reported on Monday, citing people familiar with the matter, in what would create one of the world’s...
Enterprise Bancorp to merge into regional lending peer Independent Bank in $562 mln deal
Enterprise Bancorp and Independent Bank, the parent of Rockland Trust, have agreed to merge in a cash-and-stock deal valued at $562 million, they said on Monday, as regional lenders continue to consolidate their...
Apollo-owned Novolex to take packaging products maker Pactiv private in $6.7 bln deal
Packaging firm Novolex will buy rival Pactiv Evergreen in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in a cautious economic environment...
Goldman explores possible sale of ETF client platform, sources say
Goldman Sachs is exploring options, including a potential sale, of its ETF Accelerator platform which helps the bank’s institutional clients launch their own exchange-traded funds, two sources familiar with the...
Credit Agricole ups Banco BPM stake in UniCredit duel
Credit Agricole upped the stakes in a banking battle over Italy’s Banco BPM on Friday, by using derivatives to raise its holding in the Milanese lender that has become a takeover target for UniCredit. UniCredit...
