Crescent Energy is in advanced talks to acquire smaller peer Vital Energy, people familiar with the matter said on Friday, in a deal that would give the energy producer an extensive position in the Permian Basin. Terms...
US to take 10% equity stake in Intel, in Trump’s latest corporate move
President Donald Trump said on Friday the U.S. would take a 10% stake in Intel under a deal with the struggling chipmaker that converts government grants into an equity share, the latest extraordinary intervention by...
Cenovus to acquire MEG Energy in C$7.9 billion oil sands expansion deal
Canada’s Cenovus Energy announced on Friday it will acquire MEG Energy in a C$7.9 billion ($5.68 billion) cash-and-stock deal, ending weeks of speculation that it would emerge as a white knight for MEG, which is...
Air Liquide to buy South Korea’s DIG Airgas for $3.3 billion to bolster Asia footprint
Air Liquide has signed a binding deal to buy South Korea’s DIG Airgas from Macquarie Asia-Pacific Infrastructure Fund 2, valuing it at 2.85 billion euros ($3.3 billion), the French industrial gases group said on Friday...
UK competition watchdog begins probe into Getty Images-Shutterstock deal
Britain’s antitrust watchdog on Friday said it has launched an investigation into U.S.-listed Getty Images’ $3.7 billion merger with rival Shutterstock. The Competition and Markets Authority said it set...
France’s Lactalis strikes $2.2 billion deal for Fonterra’s consumer business
New Zealand’s Fonterra Co-operative Group said it will sell its global consumer and associated businesses to French dairy major Lactalis for NZ$3.845 billion ($2.24 billion), which sent its shares surging to a...
Dayforce to go private in $12.3 billion Thoma Bravo acquisition
Private equity firm Thoma Bravo has agreed to buy human resources software provider Dayforce for $12.3 billion, including debt, in a take-private deal that executives hope will help expand on the company’s AI...
Gilead unit to acquire cell therapy developer Interius for $350 million
Gilead Sciences’ unit Kite Pharma said on Thursday it will acquire privately-held biotech firm Interius BioTherapeutics for $350 million in cash to advance CAR T-cell cancer therapies that are delivered directly...
International Paper to sell cellulose fibers unit for $1.5 billion
International Paper said on Thursday it will sell its global cellulose fibers business to private equity firm American Industrial Partners for $1.5 billion. The deal, expected to close by end-2025, is part of its...
Gryphon to sell Shermco to Blackstone for about $1.6 billion
Private investment firm Gryphon Investors said on Thursday it had agreed to sell Shermco, its portfolio company, to Blackstone in a deal valued at about $1.6 billion. Irving, Texas-based Shermco provides comprehensive...
Lowe’s to buy Foundation Building Materials for $8.8 billion to boost contractor business
Lowe’s Cos said on Wednesday it has agreed to buy interior building products distributor Foundation Building Materials for nearly $8.8 billion, stepping up its expansion into the business that serves contractors...
Bankrupt jewelry retailer Claire’s to sell its North American business
Jewelry retailer Claire’s said on Wednesday it would sell its North American business to private equity firm Ames Watson for $104 million in cash, in a deal that will keep at least 795 retail locations in business...
