Private equity firm KKR said on Tuesday it had agreed to acquire Australian power producer Zenith Energy from a consortium comprising Australia-based Pacific Equity Partners, Canada’s OPSEU Pension Trust and...
Eli Lilly nears $1.3 billion deal for gene-editing biotech Verve Therapeutics, FT reports
Eli Lilly is in advanced talks to acquire gene editing startup Verve Therapeutics for up to $1.3 billion, aiming to strengthen its pipeline of experimental medicines, the Financial Times reported on Monday. The drug...
Crypto platform Tron strikes deal with Nasdaq-listed company
Justin Sun’s crypto platform, Tron, has reached a deal with Nasdaq-listed company SRM Entertainment under which it will buy tokens, be renamed Tron Inc and have Sun join the company as an adviser, SRM said on...
CoverGirl parent Coty exploring sale, WWD reports
Beauty company Coty is seeking buyers for a selloff in two parts, fashion trade publication WWD reported on Monday, citing multiple industry sources. The company intends to sell both its luxury segment, which houses...
Mitsubishi Corp in talks for $8 billion US shale acquisition, source says
Mitsubishi Corp is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on Monday. A deal would give the Japanese...
Warner Bros Discovery bondholders approve plan to split the company
Warner Bros Discovery bondholders overwhelmingly approved a plan to split the corporation and put in place a new capital structure related to the deal, the company said on Monday. Bondholders voted to remove...
Sabadell gets expressions of interest for British unit TSB
Spain’s Sabadell on Monday said it had received preliminary non-binding expressions of interest for its British unit TSB and will assess any potential binding offer it may receive. The Financial Times reported...
SoftBank raises $4.8 billion from T-Mobile share sale, term sheet shows
Japan’s SoftBank raised $4.8 billion from a sale of 21.5 million T-Mobile shares at $224 each, according to a term sheet reviewed by Reuters. The shares were offered in a price range of $224 to $228 each, the term...
Hedge fund Millennium valued at $14 billion in minority stake sale talks, FT reports
Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, the Financial Times reported on Monday, citing people familiar with the...
Nissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei
Nissan Motor CEO Ivan Espinosa said that the company plans to reduce the automaker’s stake in French partner Renault, the Nikkei business newspaper reported on Monday. Nissan and Renault had said in March they had...
ADNOC leads $18.7 billion proposal to buy Australia’s Santos in LNG push
Australia’s second-largest gas producer Santos said on Monday it intended to support an all-cash $18.7 billion takeover bid from an international consortium led by Abu Dhabi’s National Oil Company (ADNOC)...
Mediobanca postpones Monday’s investor vote on Banca Generali to September 25
Italian merchant bank Mediobanca said on Sunday it had postponed Monday’s shareholder meeting to vote on its bid for Banca Generali to September 25 after some investors requested more information. Mediobanca in...
