Baloise on Friday said that Patria Genossenschaft had acquired a 9.45% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The...
Columbia Banking to acquire Pacific Premier in a $2 billion deal
Columbia Banking System will acquire Pacific Premier Bancorp in an all-stock deal for about $2 billion, the companies said on Wednesday, adding to the growing consolidation in the industry amid market uncertainty. U.S...
Cantor teams up with Tether, Softbank for $3.6 billion crypto venture
Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump...
Singapore’s PSA weighs selling 20% stake in CK Hutchison’s ports business, sources say
Singapore’s PSA International is exploring the sale of its 20% stake in CK Hutchison’s ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial...
Swiss biotech firm Veraxa to list on Nasdaq in $1.64 billion SPAC deal
Swiss biotech investor Xlife Sciences AG said on Wednesday its portfolio company Veraxa Biotech AG would list on U.S. exchange Nasdaq in a $1.64 billion merger deal with a special-purpose acquisition vehicle, or SPAC...
UK’s THG rejects unsolicited bid for sports nutrition brand Myprotein
British e-commerce firm THG said on Wednesday it had rejected an unsolicited proposal from acquisition vehicle Selkirk to buy its sports nutrition brand Myprotein. The company called the proposal, which valued Myprotein...
Lions Gate shareholders approve split of studio and Starz business, source says
Shareholders of Lions Gate Entertainment, the studio behind the “John Wick” movie franchise, have approved a plan to split its film and TV studio from the Starz business, a person familiar with the matter...
Rite Aid Prepares to Sell Itself in Pieces for Second Bankruptcy
Rite Aid Corp. is running low on cash and preparing to sell itself in pieces as it heads toward its second bankruptcy, less than a year after the drug-store chain’s emergence from Chapter 11, according to people with...
OpenAI would buy Google’s Chrome, exec testifies at trial
OpenAI would be interested in buying Google’s Chrome if antitrust enforcers are successful in forcing the Alphabet unit to sell the popular web browser as part of a bid to restore competition in search, an OpenAI...
Boeing to sell Jeppesen unit to Thoma Bravo for $10.6 billion
Boeing said on Tuesday it would sell portions of its Digital Aviation Solutions business, including navigation unit Jeppesen, to private equity firm Thoma Bravo for $10.55 billion. The U.S. planemaker will retain the...
Barrick Gold sells Alaska mine stake to John Paulson, NovaGold for up to $1.1 billion
Canada’s Barrick Gold said on Tuesday it will exit the Donlin Gold Project in Alaska by selling its 50% stake to billionaire John Paulson and NovaGold Resources for up to $1.1 billion. The Donlin Gold project is a...
UK’s DCC to sell its healthcare division for $1.41 billion
British sales and marketing services provider DCC on Tuesday said it will sell its healthcare division to private equity firm Investindustrial Advisors’ investment unit for a total enterprise value of 1.05 billion...
