Trade finance company Raistone, a creditor of First Brands, is nearing a deal to sell itself to investment firm Marblegate Asset Management, the Financial Times reported on Wednesday, citing people familiar with the...
Brazil’s antitrust body approves Petz-Cobasi merger with restrictions
Brazil’s antitrust authority CADE’s administrative tribunal approved on Wednesday the merger of the country’s two largest pet product retailers, Petz and Cobasi. CADE approved the deal with...
Anglo American, Teck Resources shareholders approve mining merger
Shareholders of Anglo American and Teck Resources on Tuesday approved a previously announced merger, the companies said, paving the way for the creation of a copper heavyweight and leaving regulatory approvals as the...
Shell in advanced talks to buy LLOG Exploration for more than $3 billion, sources say
Shell is in advanced talks to buy LLOG Exploration Offshore in a deal worth more than $3 billion, two sources familiar with the matter said, a move that would boost the oil major’s upstream portfolio through one...
Activist investor Elliott takes 5% stake in Toyota Industries, filing shows
Activist investor Elliott Investment Management has taken a 5.01% stake for 268 billion yen ($1.71 billion) in Toyota Industries, a group firm that Toyota Motor is hoping to buy out, a regulatory filing showed on...
Lai Sun Development sells stake in Hong Kong office tower to JD.com for $450 mln
Cash-strapped Hong Kong developer Lai Sun Development has agreed to sell its 50% interest in an office tower in the city’s central financial district to e-commerce giant JD.com for HK$3.5 billion ($450 million). The...
Activist investor Jana Partners pushes Alkami Technology to explore sale, Bloomberg News reports
Activist investor Jana Partners has urged Alkami Technology, a fintech provider for banks and credit unions, to explore a sale to a rival or private equity firm, Bloomberg News reported on Tuesday. The company was...
IBM nears roughly $11 billion deal for Confluent: Report
IBM is in advanced talks to acquire data-infrastructure company Confluent for about $11 billion, the Wall Street Journal reported on Sunday, in a move aimed at boosting Big Blue’s ability to capture growing demand...
Will the Netflix-Warner Bros. merger go through?
Warner Bros. Discovery announced on Friday that it intends to sell its major assets to Netflix. If the $72 billion cash-and-stocks transaction goes through, Netflix will gain control of Warner Bros. Pictures, DC...
Boeing closes Spirit AeroSystems purchase in major supply chain realignment
Boeing said on Monday it has closed its $4.7 billion takeover of Spirit AeroSystems, re-acquiring the bulk of the world’s largest independent wing and fuselage maker. The U.S. planemaker’s European rival...
Mirum to buy Bluejay for up to $820 million in bet on liver-disease drug
Mirum Pharmaceuticals said on Monday it will buy Bluejay Therapeutics in a deal worth up to $820 million, adding a late-stage experimental drug for a severe liver disease. The deal will give the company worldwide rights...
L’Oreal to increase stake in skin care firm Galderma to 20%
L’Oreal will double its stake in Swiss skin care firm Galderma to 20%, it said on Monday, potentially earning the French company a bigger cut of profits from the booming market for injectable cosmetics like lip...
