Money transfer company Western Union said on Sunday it will acquire Intermex, a U.S. firm that focuses on payment transfers to Latin America and the Caribbean, for about $500 million in cash. Western Union will pay $16...
British American Tobacco awaiting RBI approval to check out of ITC Hotels
British American Tobacco (BAT) is awaiting Reserve Bank of India (RBI) approval before it can sell its 15.29% shareholding in ITC Hotels. BAT is ITC’s single largest shareholder. This is required as the ITC...
Gokaldas Exports board clears merger proposal with BRFL Textiles
A year after making a strategic investment, Gokaldas Exports Ltd has approved a draft scheme to merge BRFL Textiles Pvt Ltd (BTPL) with itself to create a vertically integrated apparel and textile business. The board...
Bajaj Allianz Life Insurance buys 2.1% stake in JM Financial Home Loans
Bajaj Allianz Life Insurance has acquired about 2.1% of JM Financial Home Loans from JM Financial Credit Solutions, a unit of JM Financial, for ₹65.5 crore. The insurer bought 13.65 million shares at ₹48 apiece...
Rumble weighs near $1.2 billion bid for German AI cloud firm Northern Data
U.S. video platform and cloud services provider Rumble is considering an offer of about $1.17 billion (1 billion euros) for German AI cloud group Northern Data, according to statements from both companies. Rumble said...
TV broadcaster Nexstar in advanced talks to acquire rival Tegna, source says
Television broadcaster Nexstar Media Group is in advanced talks to acquire rival Tegna, a person familiar with the matter told Reuters on Friday. Shares of Tegna surged 30% in extended trading following the report...
Western Union to acquire Intermex for about $500 million
Money transfer company Western Union said on Sunday it will acquire Intermex, a U.S. firm that focuses on payment transfers to Latin America and the Caribbean, for about $500 million in cash. Western Union will pay $16...
Australia’s Santos extends due diligence deadline for $18.7 billion ADNOC-led offer
Santos said on Monday it had extended the period of exclusive due diligence to an international consortium led by Abu Dhabi’s National Oil Company (ADNOC), which had offered $18.7 billion for Australia’s...
Singapore’s Temasek-backed entity to acquire 16% stake in Ayala’s healthcare arm
AC Health, the healthcare arm of the Philippines’ oldest conglomerate Ayala Corp, said on Monday that a private equity firm backed by Singapore’s state-investor Temasek will acquire a 16% minority stake in...
Weaver Services to buy Centrum Housing Finance for Rs 600 crore
A platform backed by private equity major Gaja Capital is in the final stages of acquiring a majority stake in a mortgage lender owned by the Centrum Group, reflecting the growing confidence of impact funds in...
Tata AutoComp to acquire Slovakia-based IAC Group
Auto components maker Tata AutoComp Systems on Thursday said it has signed a pact to fully acquire Slovakia-based IAC Group. The company, however, did not disclose the financial details of the transaction. The company...
JSW Neo Energy, Blackstone, other cos line up for Statkraft wind-down
JSW Neo Energy, Blackstone and KKR-backed Serentica Renewables have submitted binding financial bids for Statkraft’s wind and solar energy assets in India on Wednesday, when the deadline for bids expired, according to...
