Canadian Pacific Kansas City said on Wednesday it and U.S.-based Lanco Group have sold the Panama Canal Railway Company to a unit of Denmark’s Maersk, one of the world’s largest container shipping groups...
Mexico’s Inbursa sells 49.9% stake in STM Financial to Stellantis subsidiary
Mexican bank Grupo Financiero Inbursa said it will sell a 49.9% stake in its automotive finance unit STM Financial to Fidis, a subsidiary of car manufacturer Stellantis. Inbursa, owned by Mexican tycoon Carlos Slim...
Qualcomm considers takeover offer for UK’s Alphawave
Chipmaker Qualcomm said on Tuesday it is considering making an offer to acquire UK-based Alphawave IP Group.
Arm recently sought to acquire Alphawave for AI chip tech, sources say
SoftBank-owned chip tech provider Arm Holdings recently sought to acquire Alphawave, a UK-based supplier of semiconductor intellectual property, to secure a crucial technology that is crucial for building its own...
Couche-Tard, 7-Eleven face early hurdle on store divestiture plan
Convenience store chain giants Couche-Tard and Seven & i, who are taking steps to divest thousands of stores they collectively own in North America to ease regulatory concerns ahead of a potential merger, are faced...
Chinese automakers Dongfeng Motor and Changan Auto hold merger talks, NYT reports
Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations, the New York Times reported on Tuesday, citing people with knowledge of the matter. The two...
Brazil’s BRB only acquiring key assets from Banco Master, CEO says
Government-controlled Banco de Brasilia (BRB) only agreed to acquire the healthiest and most strategically relevant assets from fellow lender Banco Master after months of negotiations, BRB CEO Paulo Henrique Costa said...
EU regulators to decide on ADNOC’s Covestro deal by May 12
EU antitrust regulators will decide by May 12 whether to clear Abu Dhabi state oil giant ADNOC’s 15.9 billion euro ($17.2 billion) takeover of German chemicals company Covestro, a regulatory filing on the European...
Carrefour acquires convenience retailer Magne, to open more stores this year
French supermarket group Carrefour announced on Tuesday the acquisition of French convenience retailer Magne, which owns 101 stores in the south-east of France. Carrefour also plans to open 400 of its own convenience...
Hooters Files for Bankruptcy as Brand Eyes Turnaround Plan
Hooters of America has filed for bankruptcy as the casual-dining brand known for its chicken wings and skimpy server uniforms struggles to lure customers. The Atlanta-based company filed for Chapter 11 bankruptcy in the...
J&J Plan for Bankruptcy to End Talc Cancer Claims Rejected
A federal judge rejected Johnson & Johnson’s third attempt to use bankruptcy to set up a multibillion-dollar trust fund to pay women who claim they got cancer using baby powder and other products allegedly tainted...
Brookfield nears $9 billion-plus deal for Colonial Pipeline, sources say
Brookfield Asset Management is putting the final touches on a deal to acquire Colonial Pipeline, the largest U.S. fuel transportation system, for more than $9 billion including debt, people familiar with the matter said...
