Mergers and acquisitions in the U.S. oil and gas sector more than quadrupled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to an Ernst &...
Turkish Airlines says Spain’s Air Europa accepts its offer to buy a minority stake
Turkish Airlines said on Tuesday that its offer for the acquisition of a minority stake in Spanish airline Air Europa has been accepted. The Turkish flag carrier disclosed in June that it was holding non-binding talks...
China’s Dongfeng Motor puts its 50% stake in Dongfeng Honda Engine up for sale
China’s Dongfeng Motor has put its 50% stake in Dongfeng Honda Engine Company up for sale, according to a stock exchange filing on the Guangdong United Assets and Equity Exchange on Monday. A reserve price has yet...
AI startup Perplexity makes bold $34.5 billion bid for Google’s Chrome browser
Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet’s Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser’s billions of users pivotal to...
Ampol nears $656 million deal to buy EG Group’s Australian fuel stations, AFR reports
Australia’s Ampol is in advanced talks to buy British fuel station operator EG Group’s Australian service station portfolio in a deal that could exceed A$1 billion ($656.30 million), the Australian Financial...
Centrica frontrunner to buy National Grid’s LNG terminal in $2 billion deal, FT reports
British Gas owner Centrica and Energy Capital Partners are in talks to buy the Isle of Grain LNG terminal from National Grid in a deal valued at about 1.5 billion pounds ($2.03 billion), the Financial Times reported on...
Insurance software firm Sapiens to be bought by Advent for $2.5 billion
Israeli software provider Sapiens International said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI...
Foseco in talks to acquire Morganite Crucible
Foseco is in talks to acquire Morganite Crucible in a cash and stock deal, according to sources aware of the matter. ET could not ascertain the value of the deal. The deal if it concludes will bring together the Indian...
Cenovus in talks with Canadian Indigenous groups to buy MEG Energy, Bloomberg News reports
Cenovus Energy is in talks with Canadian Indigenous groups to jointly buy MEG Energy, Bloomberg News reported on Tuesday, citing people familiar with the discussions. A group of First Nations and Metis communities...
UK’s Assura shareholders back PHP’s bid over KKR’s cash offer
Primary Health Properties said on Tuesday it had secured acceptances for 62.9% of Assura shares in its takeover bid for the British healthcare real estate investor, a rare show of investor support in the UK markets amid...
Canadian real estate software provider Altus Group explores sale, sources say
Altus Group, a Canadian software and data analytics provider focused on the real estate industry, is exploring a potential sale after receiving inbound acquisition interest, two people familiar with the matter said on...
Canada’s Gildan nears deal to buy Hanesbrands at about $5 billion valuation, source says
Canada’s Gildan Activewear is nearing a deal to buy Hanesbrands, potentially valuing the U.S. innerwear-maker at about $5 billion, including debt, according to a person familiar with the matter. The talks are at...
