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...
Aberdeen to vote against $9.2 billion FedEx-led InPost takeover
British money manager Aberdeen will vote against the proposed 7.8 billion euro ($9.25 billion) takeover of InPost by a consortium led by FedEx, saying the offer materially undervalues the parcel locker company. The...
Warner Bros weighs reopening sale talks with Paramount, Bloomberg News reports
Warner Bros Discovery is considering reopening sale talks with rival Hollywood studio Paramount Skydance after receiving its hostile suitor’s most recent amended offer, Bloomberg News reported on Sunday, citing...
Qube shares hit record high after agreeing to $8.3 billion Macquarie-led buyout
Shares of Australia’s Qube Holdings shot to a record high on Monday after it agreed to an A$11.7 billion ($8.26 billion) buyout offer from a consortium led by Macquarie Asset Management (MAM) to take the logistics...
India’s Torrent Power to buy L&T’s coal-plant operator for about $760 million
India’s Torrent Power said on Monday it will buy a coal-fired power plant operator in northern India from Larsen & Toubro for 68.89 billion rupees ($759.48 million), including debt as it seeks to build...
Apax Partners walks away from Pinewood deal, citing tough market conditions
Private equity firm Apax Partners withdrew its offer for British automotive service provider Pinewood Technologies on Friday, citing prevailing challenging market conditions. Apax Partners had proposed to buy Pinewood...
ByteDance in talks to sell gaming unit Moonton for more than $6 billion, sources say
ByteDance is in advanced talks to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends: Bang Bang, to Saudi Arabia’s Savvy Games Group in a deal valued at between $6 billion...
