Ireland’s largest hotel group Dalata (DHG.I) on Tuesday rejected a 1.3 billion euro ($1.48 billion) buyout proposal from Scandinavian property companies Pandox AB (PANDXb.ST) and Eiendomsspar AS (EISP.NFF) for...
ONEOK buys remaining stake in Delaware Basin JV for $940 million
U.S. pipeline operator ONEOK (OKE.N) said on Tuesday that it had bought the remaining stake in Delaware Basin JV from NGP XI Midstream Holdings in a cash-and-stock deal valued at $940 million. By acquiring the remaining...
Reckitt eyes new options to advance Air Wick unit sale, sources say
Britain’s Reckitt (RKT.L) is considering new options to advance a sale of its Essential Home business, home to Air Wick fresheners and Cillit Bang cleaners, after bids came in below expectations, two people with...
Shell-BP merger’s key ingredient is time
Wael Sawan must feel like it’s Groundhog Day. In recent weeks Shell’s (SHEL.L) chief executive has been fielding one question over and over again: whether he’s considering merging his $198 billion group with struggling...
Airline Azul Tumbles Into Bankruptcy After Vowing to Avoid It
Even as the Brazilian airline Azul SA struggled with exchange rate pressures and the lingering effects of the pandemic, top executives insisted they would do whatever they could to avoid filing for bankruptcy. “The ones...
Bristol Myers agrees up to $11.1 billion deal with BioNTech to shake up cancer immunotherapy
Bristol Myers Squibb (BMY.N) has agreed to pay up to $11.1 billion to partner with Germany’s BioNTech and develop the latter’s next-generation cancer immunotherapy, which could take on rival Merck &...
Sanofi finds M&A fix for its multiple itches
LONDON, June 2 (Reuters Breakingviews) – Sanofi is one European giant that’s still focused on the United States. The $123 billion French drugmaker will pay up to $9.5 billion, for Blueprint Medicines, a U.S. group...
Herbert Smith Freehills and Kramer Levin launch latest transatlantic merger
June 2 (Reuters) – Herbert Smith Freehills and Kramer Levin have finalized the latest major legal industry merger of recent years, combining to form a 2,700-lawyer firm with over $2 billion in revenue. The merger...
Tenable strategically plans to acquire Apex Security
Tenable has announced plans to acquire Apex Security, a company specialising in securing AI-related risks. This acquisition aims to strengthen Tenable’s ability to help organisations identify and reduce cyber threats...
Zscaler to boost AI security with Red Canary acquisition
Zscaler is acquiring Red Canary to create an AI-powered security system that detects threats faster and more accurately. Combining Zscaler’s vast data with Red Canary’s threat detection expertise will transform how...
Shell to buy TotalEnergies’ stake in Nigeria deepwater field for $510 million
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The OML118 Production Sharing Contract (PSC) is located deep offshore at ~74 mi...
Hailey Bieber’s Rhode brand sold to e.l.f. Beauty in $1 billion deal targeting Gen Z
Model Hailey Bieber’s makeup and skincare brand, Rhode, is being snapped up by Elf Beauty ELF.N for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become...
