Chinese automaker Geely Automobile on Wednesday offered to pay $2.2 billion to privatise its unit Zeekr just a year after it took the EV brand public in the U.S., saying it wanted to consolidate its business to fend off...
Japan’s NTT plans to buy remaining NTT Data shares for up to $20 billion, Nikkei reports
Japanese telecoms giant Nippon Telegraph and Telephone plans to launch a tender offer worth up to 3 trillion yen ($20 billion) to buy the remaining shares in NTT Data, the Nikkei newspaper reported on Thursday. NTT...
KNDS’ bid to raise stake in tank gearbox maker Renk faces challenge, sources say
Franco-German defence contractor KNDS’ plan to increase its stake in German tank gearbox maker Renk is facing a potential challenge from the designated seller of the shares, two people familiar with the matter...
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2, sources say
U.S.-listed ride-hailing and food delivery company Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources with knowledge of the matter said. Singapore...
Veolia to take full ownership of water management unit in $1.75 billion deal, gets $750 million in new contracts
French group Veolia said on Wednesday it will buy the 30% of shares in Water Technologies and Solutions (WT&S) that it does not already own from Quebec Deposit and Investment Fund (CDPQ) for $1.75 billion. The waste...
APA to sell New Mexico assets for $608 million after quarterly profit beat
APA Corp said on Wednesday that it would sell its New Mexico Permian assets for $608 million as part of an effort to streamline operations and focus on core areas, after it beat Wall Street estimates for first-quarter...
Hedge Fund Millennium in talks with Goldman’s Petershill Partners on stake sale, FT reports
Hedge fund Millennium Management is in talks with Goldman Sachs’ Petershill Partners to identify potential buyers for a minority stake in its management company, the Financial Times reported on Wednesday...
DoorDash to acquire UK’s Deliveroo in $3.9 billion deal
US meal delivery firm DoorDash will buy British rival Deliveroo for 2.9 billion pounds ($3.85 billion), the companies said on Tuesday, as they look to expand their reach and take on competition. The companies rekindled...
AMETEK to acquire FARO Technologies in deal valued at $920 million
Industrial tools maker AMETEK will acquire FARO Technologies at an enterprise value of about $920 million, the two companies said on Tuesday, sending the target firm’s shares soaring 36 per cent in early trade. ...
WeightWatchers Files Bankruptcy as GLP-1 Drugs Reshape Market
WeightWatchers, known for its diet programs once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with weight-loss drugs like Ozempic. The company — which rebranded...
M&A deal signing hits 20 year-low after Trump’s ‘Liberation Day’
Bankers and CEOs hit the brakes on mergers and acquisitions after U.S. President Donald Trump launched a global trade war on April 2, with fewer deals getting signed than during the bleakest days of the COVID-19...
I Squared, Enbridge and MPLX to acquire majority stake in Matterhorn natgas pipeline
Infrastructure investment firm I Squared, midstream company MPLX LP, and pipeline operator Enbridge Inc have entered an agreement to acquire up to 85% interest in the Matterhorn Express gas pipeline, the companies said...
