JetBlue Airways’ second-largest investor, Vladimir Galkin, is threatening to sell his near 10% stake in the struggling air carrier if the company’s cost-cutting plan and other broader efforts fail to turn...
DNOW to acquire MRC Global in $1.5 billion all-stock deal
Energy and industrial products supplier DNOW said on Thursday it would buy MRC Global in an all-stock deal valued at $1.5 billion, including debt. The combined company will operate over 350 service and distribution...
Italy’s Campari to sell Cinzano and Frattina brands for $117 million
Italian spirits group Campari has agreed to sell its historic Cinzano vermouth and its Frattina grappa brands to domestic rival Caffo Group 1915 for 100 million euros ($117 million), it said on Thursday. Founded in...
McDermott, Schulte partnerships vote to approve law firm merger
Partners at U.S. law firms McDermott Will & Emery and Schulte Roth & Zabel have voted to merge effective Aug. 1, the firms said in a joint statement on Thursday. The deal is set to create a 1,750-lawyer firm...
Unilever to pay $1.5 billion for men’s grooming brand Dr Squatch, FT reports
Unilever is paying $1.5 billion (1.09 billion pounds) to buy men’s personal care brand Dr Squatch from private-equity firm Summit Partners, the Financial Times reported on Friday, citing sources. The deal was...
Repsol sells stake in an Indonesian gas operation for $425 million
Spanish energy company Repsol said on Thursday it has agreed to sell a 24% stake in Indonesia’s Corridor Block gas operation to Jakarta-listed Medco Energi for $425 million. The deal is part of Repsol’s...
Shell denies it is in takeover talks with BP
Shell denied that it was in talks to buy BP after the Wall Street Journal reported on Wednesday that the oil major was in early discussions over a takeover of its British rival. “No talks are taking place. As we...
Santander to sell seven Pennsylvania branches to Community Bank
Santander said on Wednesday it had agreed to sell seven branches in the Allentown, Pennsylvania area to U.S.-based Community Bank as the Spanish lender pivots towards becoming a digital-first bank in the United States...
Brighthouse bidders narrow to TPG, Aquarian in hunt to buy US insurer, sources say
Brighthouse Financial has narrowed down a field of suitors to money manager TPG and Abu Dhabi-backed financial investor Aquarian Holdings, as the U.S. life insurance and annuity provider continues to explore a potential...
UK’s Warehouse REIT agrees to $661 million Tritax takeover bid over Blackstone
UK’s Warehouse REIT accepted a 485.2 million pound ($661 million) takeover offer from Tritax Big Box REIT on Wednesday, walking away from a previous deal with Blackstone agreed in early June. Tritax’s cash...
Mars’ $36 billion Kellanova deal gets US antitrust approval as EU opens investigation
Candy maker Mars’ takeover of Pringles maker Kellanova was cleared by U.S. antitrust regulators on Wednesday, but their EU counterparts opened a full-scale investigation into the $36 billion deal, saying it could...
Lakers confirm sale of majority stake in franchise to Mark Walter
The Buss family have agreed to sell a majority stake in the Los Angeles Lakers to TWG Global CEO Mark Walter, the two parties confirmed on Wednesday, while adding that Jeanie Buss will remain governor of the storied NBA...
