Brazilian petrochemical firm Braskem said on Monday that Novonor and NSP Investimentos have signed an agreement to sell control of the company to private equity fund Shine I, which is controlled by asset manager IG4...
International News
QXO strikes $17 billion deal to acquire building products distributor and installer TopBuild
U.S. construction supplies distributor QXO struck a $17 billion deal on Sunday to acquire building products distributor and installer TopBuild, adding to a wave of acquisitions by the company led by billionaire...
Lilly in advanced talks to acquire Kelonia Therapeutics for over $2 billion, WSJ says
U.S. drugmaker Eli Lilly is in advanced talks to acquire biotech firm Kelonia Therapeutics for more than $2 billion, the Wall Street Journal reported on Sunday. A deal could be reached as soon as Monday and could...
Singapore’s CapitaLand Trust to divest Asia Square Tower 2 in $1.95 billion deal
Singapore’s CapitaLand Integrated Commercial Trust said on Monday it has agreed to sell Asia Square Tower 2, a commercial development in Marina Bay precinct, to Malaysia’s IOI Properties for S$2.48...
Uber to acquire additional 4.5% stake in Delivery Hero: FT
Uber has reached an agreement to acquire an additional 4.5% stake in rival Delivery Hero and will buy around 270 million euros ($318.1 million) of Delivery Hero shares at 20 euros apiece from the German...
American rejects merger talks with United Airlines
American Airlines said on Friday that it was not interested in a merger with United Airlines and had not held any such talks, diminishing prospects of an industry-reshaping deal that would face tough regulatory...
Premier Energy to buy Macquarie’s Romanian power distribution network for $824 million
Budapest-listed Premier Energy has agreed to buy Evryo Group’s power distribution network from Australia’s Macquarie for about 700 million euros ($824.39 million), the companies said on Friday. The...
Hogan Lovells, Cadwalader partners approve law firm merger
Partners at international law firm Hogan Lovells and New York-based Cadwalader Wickersham & Taft have signed off on their merger to create a 3,100-lawyer firm with $3.6 billion in combined revenues, marking the...
Prince Al Waleed’s Kingdom Holding to acquire majority stake in Al Hilal
Kingdom Holding Company, owned by billionaire businessman Prince Al Waleed bin Talal, has signed a binding agreement to acquire a 70% stake in Saudi Pro League soccer club Al Hilal, Saudi Arabia’s Public Investment...
Schroders shareholders approve $13.4 billion sale to Nuveen
Schroders shareholders on Thursday approved a 9.9 billion pound ($13.4 billion) sale of the British asset manager to U.S. rival Nuveen, confirming the end of independence for one of London’s historic fund houses...
AmEx to buy Altman-backed Hyper in push for AI-powered expense tools
Credit card giant American Express said on Thursday it would buy Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman. The deal underscores how large...
UK’s Intertek rejects $11 billion buyout proposal from EQT
Intertek has rejected a buyout proposal from Swedish private equity firm EQT AB valuing the group at about 7.93 billion pounds ($10.74 billion), saying it undervalued the British product testing company. EQT offered to...