Cupid has entered into a Term Sheet to acquire a strategic stake in Mansam, a Saudi Arabian fragrance brand promoted by Key Notes Trading LLC, through a fund structure managed by GII lnvestment Management. Mansam...
Japan’s Sumitomo Mitsui to exit Kotak ahead of Yes Bank stake purchase
Japan’s Sumitomo Mitsui Banking Corp. (SMBC) plans to sell its stake in Kotak Mahindra Bank, likely to avoid any conflict of interest after getting the regulatory nod to buy nearly 25% in Yes Bank. The foreign lender...
Anglo American, Teck Resources to merge in second-largest mining deal ever
London-listed miner Anglo American and Canada’s Teck Resources plan to merge, the two companies said on Tuesday, marking the sector’s second-biggest M&A deal ever and forging a new global copper-focused...
Phillips 66 buys remaining stake in major US refineries from Cenovus for $1.4 billion
Phillips 66 said on Tuesday it will acquire the remaining 50% stake in WRB Refining from Cenovus Energy for $1.4 billion, giving it full ownership of two major U.S. refineries. Shares of the U.S. refiner were up 2.7%...
Elliott takes stake in BILL Holdings, becoming second activist in stock
Elliott Investment Management has built a large stake in BILL Holdings and may want the financial automation software company to pursue a sale, a person familiar with the matter said on Tuesday. Elliott owns a roughly...
JSW, Vedanta, Adani among companies keen to buy GVK Energy’s asset
JSW Energy Ltd., Adani Power Ltd. and Vedanta Ltd. are among more than a dozen companies that have expressed interest in acquiring GVK Energy’s 330 MW Alaknanda hydro power project in Uttarakhand, according to...
Elon Musk’s SpaceX buys wireless spectrum from EchoStar in $17 billion deal
Elon Musk’s SpaceX said Monday it will buy wireless spectrum licenses from EchoStar for its Starlink satellite network for about $17 billion, a major deal crucial to expanding Starlink’s nascent 5G...
Anglo American nears deal to acquire Teck Resources for $20 billion, FT reports
Anglo American is nearing a deal to acquire Canadian miner Teck Resources that could value it at about $20 billion, Financial Times reported on Monday, citing people familiar with the matter. The London-listed global...
TDR Capital sells stake in health and fitness group David Lloyd
TDR Capital said on Monday it agreed to sell its stake in David Lloyd Leisure to a newly formed continuation vehicle that will take majority control of the health and fitness club chain. The Financial Times said the...
Infleqtion to go public in SPAC deal valuing quantum computing firm at $1.8 billion
Infleqtion will go public through a merger with a blank-check company, led by veteran Wall Street dealmaker Michael Klein, valuing the quantum computing startup at $1.8 billion before new investment, the companies said...
Potash maker Nutrien to sell stake in Argentina’s Profertil for $600 million
Nutrien said on Monday it will sell its 50% stake in Argentina-based nitrogen producer Profertil for $600 million, as the world’s top potash producer shifts focus away from South America. The stake will be...
Dick’s Sporting Goods completes $2.4 billion Foot Locker deal
Footwear retailer Dick’s Sporting Goods said on Monday it had completed its $2.4 billion acquisition of Foot Locker. The deal gives Dick’s a stronger foothold in the sneaker market with over 3,200 stores and...
