A GCL Technology Holdings official signalled in a call with investors on Sunday that more information on a plan to restructure China’s polysilicon industry would be released soon. “We believe that clearer...
Spirit Airlines files for second bankruptcy in a year as financial challenges persist
U.S. no-frills pioneer Spirit Airlines filed for bankruptcy protection on Friday for the second time in a year after a previous reorganization failed to put it on firmer financial footing. The Florida-based carrier...
PepsiCo sharpens energy drink focus with bigger Celsius stake
PepsiCo has raised its stake in Celsius Holdings through a $585 million deal, as the global soda and snacks maker strengthens its energy drink business amid shifting consumer preferences. The popularity of energy drinks...
DuPont to sell Kevlar, Nomex business to Arclin for $1.8 billion
DuPont will sell its heat-resistant fiber business Aramids, home to brands such as body armor maker Kevlar, to peer Arclin for $1.8 billion as the chemicals company undergoes a broader reorganization. The sale will not...
Colt buys majority stake in $1 billion gunpowder ingredient maker
Czech-based firearms maker Colt CZ Group SE has agreed to buy a majority stake and potentially all of the shares in Synthesia Nitrocellulose, in a deal valuing the Czech gunpowder ingredient maker at 22 billion crowns...
Canada’s Strathcona seeks to raise MEG Energy stake, opposes Cenovus bid
Canadian oil and gas producer Strathcona Resources said on Thursday it intends to buy an additional 5% stake in rival MEG Energy and vote against the acquisition of MEG by another rival, Cenovus Energy. Cenovus agreed...
Celebrity-backed diaper maker Coterie nears sale to Mammoth Brands, sources say
Premium baby diaper brand Coterie, which counts models and entrepreneurs Karlie Kloss and Ashley Graham as investors, is in talks to sell itself to consumer goods company Mammoth Brands, according to people familiar...
Desjardins to take Guardian Capital private in $1.21 billion deal
Canada’s Guardian Capital Group has agreed to be taken private by Desjardins Global Asset Management in a C$1.67 billion ($1.21 billion) all-cash deal, the financial services firm said on Thursday. The buyout...
Barclays to sell Entercard stake to Swedbank for $273 million
Barclays has agreed to sell its stake in joint venture Entercard Group to partner Swedbank AB for an estimated 2.6 billion crowns ($273.2 million), the British lender said on Thursday. The sale continues Barclays’...
Rheinmetall wants to take over German shipbuilder NVL, Bild reports
Defence group Rheinmetall wants to take over German shipbuilder Naval Vessels Luerssen, the German daily Bild reported on Wednesday, citing industry sources. According to Bild, the Luerssen family, who own the...
Japan’s Sompo to acquire Aspen Insurance for $3.5 billion in westward push
Sompo Holdings said on Wednesday that it would acquire New York-listed Aspen Insurance Holdings for about $3.5 billion, joining a number of Japanese financial firms that are investing in overseas assets to drive growth...
South Korea’s top shipbuilder to acquire affiliate to tap US demand under Trump
South Korea’s HD Hyundai Heavy Industries, the world’s biggest shipbuilder, said on Wednesday that it plans to merge with its affiliate HD Hyundai Mipo as it targets a bigger slice of the U.S. shipbuilding...
