The Federal Communications Commission said on Thursday it approved the $3.54 billion sale of local television station owner Tegna to Nexstar, despite objections from Democratic-led states. Soon afterward, Nexstar said...
Unilever in talks to combine food business with McCormick, WSJ reports
Unilever is in talks to separate its food business and combine it with spice maker McCormick in an all-stock deal that could come within weeks, the Wall Street Journal reported on Thursday, citing sources. A deal, if...
Bridgepoint preparing over $1 billion offer for UK’s Spire, Sky News reports
Buyout firm Bridgepoint is drawing up proposals for a formal offer worth more than 1 billion pounds ($1.34 billion) for British private hospital operator, Spire Healthcare, Sky News reported on Thursday. The 230...
German semiconductor group Elmos exploring a sale, sources say
Germany’s Elmos Semiconductor is exploring a sale as its founders consider exiting the business, according to three people familiar with the matter. Elmos, which has a market value of around 2.3 billion euros...
ADNOC and OMV are set to complete chemicals mega-merger by end of March
Abu Dhabi National Oil Company and Austria’s OMV expect to complete by the end of March a mega-merger to create a global chemicals giant, the companies said on Thursday, after years of talks. The deal, first...
CK Hutchison says still in talks over ports assets sale
CK Hutchison said on Thursday it remained in talks with a consortium to sell the majority of its ports business, a deal that has been overshadowed by a legal fight with the Panamanian authorities, as it posted a 7%...
OpenAI to buy Python toolmaker Astral to take on Anthropic
OpenAI said on Thursday it will acquire Python toolmaker Astral, as the ChatGPT owner looks to strengthen its portfolio against rival Anthropic and gain more share in the artificial intelligence coding tools market...
MSC to buy 50% stake in tanker giant Sinokor, Cypriot filing shows
Container shipping giant Mediterranean Shipping Company is to buy 50% stake in South Korean shipping firm Sinokor, according to a public filing in Cyprus. After the acquisition, MSC will jointly control Sinokor with...
Adani Enterprises gets NCLT nod for JAL takeover
The National Company Law Tribunal (NCLT) has approved the acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises, clearing the way for one of the most high-profile resolutions under India’s insolvency...
Tata Steel to merge wholly owned subsidiary NINL, aims to optimise operations
Tata Steel’s board has approved the merger of its wholly owned subsidiary, Neelachal Ispat Nigam (NINL), with the company, as the steelmaker looks to simplify its structure, improve raw material...
Government likely to restart IDBI Bank privatisation process from scratch
The government is likely to restart the IDBI Bank privatisation process de novo, or from scratch, after financial bids received came in below the reserve price and the exercise was called off last week, according to...
Varun Beverages to acquire South African firm Crickley Dairy
Varun Beverages on Tuesday said its South African subsidiary Bevco will acquire Crickley Dairy Proprietary for Rs 131.47 crore. The Beverage Company Proprietary Ltd (Bevco) “has executed an agreement dated March...
