Brazilian software company Totvs has agreed to buy StoneCo’s Linx unit in a deal worth 3.05 billion reais ($547.90 million), it said on Tuesday, adding that it expects the move to strengthen its position in the...
France’s Sanofi to acquire biotech firm Vicebio for $1.15 billion
French pharmaceuticals company Sanofi said on Tuesday it would acquire British private biotechnology firm Vicebio for a total of $1.15 billion, expanding its respiratory vaccine portfolio. Following the acquisition...
Synovus explores potential merger options after drawing takeover interest, Bloomberg News reports
U.S. regional lender Synovus Financial is exploring options including a potential merger after drawing takeover interest, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Columbus, Georgia...
Apple supplier Goertek to buy Luen Fung Commercial’s units for $1.3 billion
Apple supplier Goertek Inc said on Tuesday it plans to buy two units of Hong Kong’s Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion). The acquisition of Mega Precision Technology...
Australia’s Insignia agrees to $2.2 billion CC Capital bid, below peak offer
Australia’s Insignia Financial on Tuesday agreed to an A$3.3 billion ($2.15 billion) takeover by investment manager CC Capital Partners, marking the end of a protracted takeover rally that saw the final offer come...
Apax Partners to buy Apax Global Alpha in $1.1 billion deal
London-based private equity firm Apax Partners has agreed to acquire Guernsey-based investment company Apax Global Alpha (AGA) for about 916.5 million euros ($1.07 billion), the companies said on Monday. Shares of the...
GE Vernova to buy France’s Alteia for enhancing AI tools for utilities
Power equipment maker GE Vernova will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said on Monday. GE Vernova already offers...
Adevinta sells its Spanish business to Sweden’s EQT for $2.3 billion
Norwegian online classifieds group Adevinta said on Monday it had sold its Spanish business to Swedish private equity firm EQT to focus more on its remaining European units. The deal gave the Spanish business an...
Jungheinrich signs deal to sell Russian unit, adjusts forecast for 2025
German forklift truck maker Jungheinrich said on Monday it had agreed to sell its Russian unit to a Russian financial investor and asset manager, and was cutting its full-year profit forecast as a result. Due to the...
Safran finalises acquisition of Collins Aerospace flight controls business
French engine and aircraft equipment maker Safran said on Monday it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. Safran, which also makes landing gear, brakes and...
Merz says Berlin still considering stake in TenneT’s German business
German Chancellor Friedrich Merz said on Monday the government had not yet decided whether it would take a stake in the German division of state-owned Dutch power grid operator TenneT and was still in talks with the...
Chevron share rises as it clinches Hess acquisition after winning Exxon legal battle
Chevron has officially closed its massive $55 billion acquisition of Hess, sealing the deal just days after winning a pivotal arbitration battle against Exxon Mobil. The long-awaited transaction not only strengthens...
