The infrastructure investing arm of asset manager Blackstone is in talks to buy New Mexico and Texas-focused utility TXNM Energy, a person familiar with the matter said on Monday. Conversations between Blackstone...
Telefonica hires Citi to sell Chilean business, El Confidencial reports
Spanish telecoms company Telefonica has hired Citi as an adviser to sell its Chilean business, news website El Confidencial reported on Monday, citing unidentified market sources. Telefonica would book a capital loss on...
LondonMetric buys property investment group Urban Logistics for $925 million
British property company LondonMetric is to buy Urban Logistics in a 698.9 million pound ($924.99 million) cash and stock deal, creating one of the country’s largest property investment groups by market...
Santander rejects NatWest’s nearly $15 billion bid for UK retail unit, FT reports
Banco Santander has rejected an offer of around 11 billion pounds ($14.63 billion) from NatWest for its UK retail bank, saying the bid undervalued the business, the Financial Times reported on Friday. The approach by...
Bain Capital to buy PCI Pharma at $10 billion valuation, Bloomberg News reports
Bain Capital is in talks to buy contract drug manufacturer PCI Pharma Services at a valuation of $10 billion, Bloomberg News reported on Friday, citing people familiar with the matter. The buyout firm is in discussions...
US law firms McDermott and Schulte plan to merge
U.S. law firms McDermott, Will & Emery and Schulte, Roth & Zabel are in talks to combine in what would be the latest major legal industry merger, the firms said on Thursday. McDermott and Schulte are...
Hellman & Friedman launches sale process for US software maker Enverus, sources say
Private equity firm Hellman & Friedman has launched a sale process for Texas-based energy software maker Enverus in a deal that could value the company at around $6 billion, according to people familiar with the...
Nestle lines up Rothschild for water unit sale, sources say
Nestle has hired Rothschild to advise on the sale of its water division later this year, four people familiar with the matter told Reuters, as the Swiss food giant looks to refocus on bigger brands. Under new CEO...
CoStar to buy Australia’s Domain in $1.9 billion deal, eyes REA’s market dominance
U.S. real estate firm CoStar will acquire Domain for A$3 billion ($1.92 billion) including debt, the Australian property listings platform said on Friday, in a bid to create a well-capitalised rival to News Corp’s...
UBS in talks to sell hedge fund O’Connor to Cantor Fitzgerald, Bloomberg News reports
Swiss lender UBS is in talks to sell its hedge fund unit, O’Connor, to U.S. brokerage Cantor Fitzgerald, Bloomberg News reported on Thursday, citing people familiar with the matter. Talks of the deal, which the...
Coinbase buys Deribit in $2.9 billion deal to expand crypto options base
Coinbase, the largest publicly traded cryptocurrency exchange, said on Thursday it will buy derivatives exchange Deribit in a $2.9 billion deal to expand into the crypto options markets. The move underscores a push by...
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft’s $69 billion purchase of “Call of Duty” maker Activision Blizzard. The San Francisco-based...
