Western Digital is planning to raise $3.17 billion by selling a part of its stake in flash memory unit Sandisk, which it used to own, as the hard disk drive maker looks to reduce debt. The secondary share sale...
CTUIL-Grid India merger back on Centre’s agenda to revamp transmission sector
The government is planning a renewed push to demerge the Central Transmission Utility of India Ltd (CTUIL) from Power Grid Corporation of India and subsequently merge it with Grid Controller of India (Grid India)...
Third Point buys stake in Spanish defence firm Indra, source says
U.S. hedge fund Third Point has bought a stake in Spanish defence company Indra and supports its chairman’s plan to acquire smaller rival Escribano Mechanical & Engineering, a market source familiar with the...
Germany pursues stake purchase in tank maker KNDS to keep influence, sources say
Berlin is preparing to buy a minority stake in KNDS, the Franco-German maker of Leopard tanks, four people familiar with the matter said, as it seeks to preserve influence after a planned 20 billion euro ($23.7 billion)...
France’s AI company Mistral buys cloud service startup Koyeb
French artificial intelligence company Mistral AI said on Tuesday it had agreed to buy cloud computing service startup Koyeb based near Paris for an undisclosed amount. “With this first acquisition, Mistral AI...
Danaher to buy Masimo in $9.9 billion deal in diagnostics push
Danaher, a $150 billion U.S. company that makes tools used in developing and testing medicines, on Tuesday agreed to buy Masimo for $9.9 billion, expanding in patient-monitoring devices in a surprise move outside its...
Ovintiv to sell its Anadarko assets for $3 billion
Ovintiv said on Tuesday it agreed to sell its Anadarko assets in Oklahoma to an undisclosed buyer for $3 billion, as the company sharpens its focus on higher-margin plays in the Permian Basin and Canada’s Montney...
SGH, Steel Dynamics bid $10.6 billion for BlueScope Steel but investors remain wary
Australian steelmaker BlueScope Steel said it was considering a sweetened A$15 billion ($10.62 billion) takeover approach from SGH Ltd and U.S.-based Steel Dynamics, but investors remain hesitant that a deal will go...
UK’s Rosebank Industries in talks to acquire US firms for $3.05 billion
British investment firm Rosebank Industries is in advanced talks to buy two private equity-owned U.S. businesses for $3.05 billion, it said on Monday. The company said it would fund the acquisitions through an equity...
Hapag-Lloyd buys Israel’s ZIM for $4.2 billion in global shipping tie-up
Germany’s Hapag-Lloyd said on Monday it would buy Israel’s ZIM Integrated Shipping Services for $4.2 billion in cash to secure its position as the world’s fifth-largest shipping group. However, the...
Third Point buys stake in Spanish defence firm Indra, source says
U.S. hedge fund Third Point has bought a stake in Spanish defence company Indra and supports its chairman’s plan to acquire smaller rival Escribano Mechanical & Engineering, a market source familiar with the...
Scotiabank unit sells stake in Israeli arms supplier Elbit after backlash
Scotiabank’s 1832 Asset Management subsidiary has dissolved its stake in Israeli arms manufacturer Elbit Systems, regulatory filings showed, after the Canadian bank faced sharp criticism for the investment...
