Northeast Grocery, Inc., the parent company of Price Chopper and Tops Friendly Markets, is exploring a sale, according to three people familiar with the matter. The company is working with investment bank UBS on the...
Genstar explores $5 billion sale of automotive software maker OEConnection, sources say
Genstar Capital is exploring a sale of OEConnection, which it aims to value the automotive software provider also backed by Ford and General Motors at as much as $5 billion, including debt, people familiar with the...
Singapore’s GIC to take 25% stake in Spanish broadband venture, FT reports
Singapore’s sovereign wealth fund GIC will acquire a 25% stake in a fibre optic broadband venture between MasOrange, partly owned by France’s Orange, and Vodafone Spain, which is owned by Britain’s...
Prosus set to win EU nod for $4.74 billion Just Eat deal, sources say
Dutch technology investor Prosus is set to win EU antitrust approval for its 4.1 billion euro ($4.7 billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero, people with direct...
Goldman Sachs poised to buy into ice cream maker Froneri at $17 billion valuation, FT says
Goldman Sachs is poised to buy into ice cream maker Froneri at a 15-billion-euro ($17.13 billion) valuation including debt, the Financial Times reported on Friday. Reuters could not immediately verify the report. The...
McDermott and Schulte complete latest US law firm merger
U.S. law firms McDermott, Will & Emery and Schulte Roth & Zabel have completed their planned merger, as firms’ appetite for greater legal market share and a strong New York presence continues to drive...
French insurer Axa to buy 51% stake in Italy’s Prima
French life and health insurer AXA has agreed to buy a 51% stake in Italian direct insurance group Prima for 500 million euros ($571 million) as it seeks to strengthen its position in Italy’s motor business, it...
China Mobile buys over 14% stake in HKBN for $138 million
China Mobile, the world’s biggest wireless carrier by users, said on Monday it had bought a 14.4% stake in Hong Kong-based broadband service provider HKBN for HK$1.08 billion ($137.58 million). The deal gives...
Goldman Sachs poised to buy into ice cream maker Froneri at $17.13 billion valuation, FT says
Goldman Sachs is poised to buy into ice cream maker Froneri at a 15-billion-euro ($17.13 billion) valuation including debt, the Financial Times reported on Friday. Reuters could not immediately verify the report. The...
Star Entertainment’s Brisbane casino deal collapses; shares hit record low
Star Entertainment’s planned 50% stake sale in its A$3.6 billion ($2.32 billion) Brisbane resort failed after its Hong Kong-based investors looking to exit the joint venture refused to extend talks, it said on...
Bridgewater founder Ray Dalio sells remaining stake in hedge fund, letter says
Investor Ray Dalio sold his remaining stake in Bridgewater Associates, the hedge fund he founded 50 years ago, according to a letter sent to investors, while Brunei’s sovereign fund acquired a minority stake in...
Blackstone emerges as frontrunner to buy Enverus, sources say
Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus for around $6 billion, according to sources familiar with the matter. Reuters reported in May that Hellman & Friedman was...
