Kraft Heinz will split into two companies, one focused on groceries and the other on sauces and spreads, it said on Tuesday, dismantling a packaged goods giant that never achieved the growth expected when it was formed...
Goldman Sachs Predicts Potential Record-Breaking M&A in 2026
Goldman Sachs Inc. expects a major ramp-up in dealmaking toward the end of the year, with a chance that 2026 proves a record year for M&A. The bank predicts deal flow of around $3.1 trillion globally this year...
Cigna’s unit to invest $3.5 billion in specialty pharmacy firm Shields
U.S. health insurer Cigna Group unit Evernorth Health will invest $3.5 billion in Shields Health, the company said on Tuesday, bolstering its presence in the fast-growing specialty pharmacy business. The investment...
Dow sells additional stake in infrastructure venture for $540 million
Dow said on Tuesday it has sold an additional stake in its infrastructure venture to its partner Macquarie Asset Management for $540 million as the chemical maker looks to focus more on its core business. The deal...
BT Group to sell Radianz business to TNS
BT Group said on Tuesday it would sell its Radianz business to Transaction Network Services, as Britain’s largest broadband and mobile services provider explores options to optimize its international business...
iBASIS to buy assets from Australia’s Telstra Group
U.S. communications solutions provider iBASIS has signed a deal with Australia’s Telstra Group to acquire wholesale voice, mobile, and messaging customer contracts from Telstra International, it said on Wednesday...
Strathcona Resources acquires additional MEG Energy shares
Canadian oil and gas producer Strathcona Resources said on Tuesday it has purchased additional 6.66 million common shares of rival MEG Energy for about C$190.8 million ($138.09 million). With this acquisition...
Canal + in exclusive talks to buy minority stake in cinema chain UGC
French pay-TV company Canal + said on Tuesday that it was in exclusive negotiations to buy a 34% stake in UGC, one of the largest cinema chains in France, for an undisclosed amount. Following the acquisition, Canal +...
Flipkart acquires majority stake in content platform Pinkvilla to tap Gen Z shoppers
Walmart-owned ecommerce marketplace Flipkart has acquired a majority stake in digital content platform Pinkvilla, the company announced on Monday. The development is a part of Flipkart’s broader strategy to engage with...
China’s CATL sells stake in Finnish subcontract car manufacturer
Chinese battery maker Contemporary Amperex Technology (CATL) is selling its 20.6% stake in subcontract Finnish car maker Valmet Automotive to the Finnish state and another shareholder, Finland’s government said on...
UK’s Revolut kicks off secondary share sale at $75 billion valuation, source says
Revolut has launched a secondary sale of its shares valuing the financial technology giant at $75 billion, a source familiar with the company said on Monday, as the London-based group doubles down on its expansion plans...
CapVest to acquire majority stake in Stada, ending German firm’s IPO plans
London-based buyout firm CapVest Partners is to acquire a majority stake in Stada Arzneimittel, the German generic drugmaker said on Monday, in what is set to be one of the biggest takeover deals in Europe this year...
