Aster Chemicals and Energy, the new operator of the Bukom refining complex, is planning to bid for Exxon Mobil’s petrol stations in Singapore, five people with knowledge of the matter said, as the refiner seeks...
Germany’s Merck KGaA in $3.9 bln deal to acquire US biotech firm SpringWorks
German healthcare and materials group Merck KGaA said on Monday it struck a deal to acquire U.S. biotech firm SpringWorks Therapeutics for an equity value of $3.9 billion to boost its cancer drug business. Darmstadt...
Loeb’s Third Point builds stake in Band-Aid maker Kenvue
Billionaire investor Daniel Loeb’s hedge fund Third Point is building a stake in Kenvue , sources familiar with the matter said on Friday, as some investors are pushing for strategic changes at the consumer...
UK’s Deliveroo gets $3.6 billion buyout proposal from DoorDash
British meal delivery company Deliveroo said on Friday it received a proposal from U.S. peer DoorDash on April 5 to buy all of its shares for 2.7 billion pounds ($3.60 billion). Deliveroo announced that its board has...
Toyota chairman proposes $42 billion acquisition of Toyota Industries, Bloomberg reports
Toyota Motor Chairman Akio Toyoda has proposed acquiring supplier Toyota Industries in a possible 6 trillion yen ($42 billion) deal, Bloomberg News reported on Friday, in what would mark a pivotal buyout for Japan Inc...
European Commission to assess UMG’s proposed acquisition of Downtown Music
The European Commission said on Friday it would investigate Universal Music Group’s planned $775 million acquisition of independent music services company Downtown Music, confirming earlier media reports...
Harvard University said to be exploring $1 billion of private equity stakes sale
Harvard University’s endowment is in advanced talks to sell private equity fund interests totaling about $1 billion, a person familiar with the matter said on Thursday. The sale process started last year and is...
Germany’s Merck says in late-stage discussions to buy SpringWorks for $3.5 billion
Germany’s Merck KGaA said on Thursday it is in late-stage talks to acquire U.S.-based SpringWorks Therapeutics for about $3.5 billion, a deal that could give it access to a recently approved rare disease drug and...
EU to probe Universal’s $775 million acquisition of Downtown Music, FT reports
The European Commission is set to investigate Universal Music Group’s planned $775 million acquisition of independent music services company Downtown Music amid claims that the deal will give too much power to the...
Eastern to acquire HarborOne in $490 million deal in latest U.S. regional bank consolidation
Eastern Bankshares will acquire HarborOne Bancorp in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market. Regional banks across the...
FX firm Argentex confirms takeover talks with IFX Payments
British currency risk management company Argentex Group said on Thursday it was in advanced discussions with IFX Payments to get acquired, as the company battles a liquidity crunch due to ongoing turbulence in financial...
UK competition regulator approves Topps Tiles’ purchase of CTD Tiles
Britain’s competition regulator on Thursday approved tile retailer Topps Tiles’ 9-million-pound ($12 million) acquisition of CTD Tiles after it accepted remedies proposed by the companies. Last month, the...
