Irenic Capital Management built a sizable stake in Workiva, arguing the financial reporting software maker needs to improve its operating efficiency, refresh its board and consider a potential sale. Irenic owns roughly...
‘Battlefield’ maker Electronic Arts to go private in record-setting $55 billion LBO
Videogame developer Electronic Arts has agreed to sell itself to a group of private investors in a deal that values the maker of “Battlefield” and “Madden NFL” at $55 billion, which if completed...
Ares Management to acquire Meade Pipeline for $1.1 billion
Ares Management said on Monday its infrastructure funds have bought Meade Pipeline for about $1.1 billion, adding a key natural gas asset to its U.S. energy business as demand for power and gas surges. The investment...
Elliott explores options for British data centre firm Ark, sources say
Elliott Investment Management is exploring strategic options for its UK-based Ark Data Centres in a possible sale that could fetch more than 3 billion pounds ($4.00 billion), according to two people with knowledge of...
Verizon in talks to buy EchoStar wireless spectrum, Bloomberg News reports
U.S. telecom company Verizon Communications is in discussions with EchoStar about purchasing some of its wireless spectrum, Bloomberg News reported on Monday, citing people familiar with the matter. The discussions...
Balaji Wafers may rethink stake sale plan as PE funds cite steep valuation
Ethnic packaged snacks Balaji Wafers’ minority stake sale is likely to have been put on the back burner, due to tepid responses from private equity funds and strategic investors, on account of the steep valuation...
NCLT approves merger of Star Television Productions with Jio Star
The National Company Law Tribunal (NCLT), Mumbai, has cleared the cross-border merger of Star Television Productions Limited (STPL), registered in the British Virgin Islands, with its Indian affiliate, Star India...
NCLT okays demerger of TaMo’s PV, CV units
Tata Motors Ltd. on Friday secured approval from the Mumbai bench of the National Company Law Tribunal (NCLT) for its restructuring plan, paving the way for the demerger of its passenger vehicle (PV) and commercial...
Madhvani Group’s INSCO completes acquisition of Hindustan National Glass under IBC
Independent Sugar Corporation Limited (INSCO), part of the Uganda-based Madhvani Group, on Saturday announced that it has completed the acquisition of Hindustan National Glass & Industries Limited (HNGIL) through...
Ventive Hospitality to acquire a 76% stake in Soham Leisure Ventures
Ventive Hospitality has announced that it proposes to enter into definitive agreements to acquire a 76% stake in Soham Leisure Ventures, owner of the Hilton Goa Resort and a land parcel in Goa. The company said in line...
Lupin to acquire VISUfarma to broaden its portfolio of ophthalmic biz
Lupin announced its wholly owned subsidiary, Nanomi B.V. (Nanomi), has signed a definitive agreement for the acquisition of VISUfarma B.V. (VISUfarma), a portfolio company of global healthcare specialist investor GHO...
Trump signs order declaring TikTok sale ready and values it at $14 billion
President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok’s U.S. operations to U.S. and global investors will address the national security requirements in a...
