U.S. cabinetry manufacturers MasterBrand Inc and American Woodmark Corp said on Wednesday they will merge in an all-stock deal, creating a company worth $3.6 billion, including debt, amid consolidation in the highly...
Novartis weighs deal for biotech Avidity Biosciences, FT reports
Swiss drugmaker Novartis has approached U.S. biotech Avidity Biosciences for a potential takeover offer, the Financial Times reported on Wednesday, citing people familiar with the matter. Shares of Avidity rose 23% to...
Western Midstream to buy Aris Water for $1.5 billion
Western Midstream Partners said on Wednesday it will acquire Aris Water Solutions in a cash-and-stock deal valued at about $1.5 billion as it aims to diversify operations in the Permian Basin. Shares of Aris Water...
Sabadell shareholders approve TSB sale, $2.9 billion special dividend
Sabadell shareholders on Wednesday unanimously approved the sale of its TSB business in Britain to Santander, which analysts see as a defensive move against BBVA’s hostile takeover bid. The shareholders also...
UK watchdog clears Omnicom’s $13.25 billion deal to buy Interpublic
Britain’s competition regulator said on Wednesday it would not refer the merger between Omnicom and Interpublic to an in-depth phase 2 probe, clearing the way for the creation of the world’s largest...
TotalEnergies sells 45% stake in Argentina oil and gas blocks to YPF for $500 million
TotalEnergies said on Wednesday that its affiliate Total Austral had agreed to sell its 45% interest in two unconventional oil and gas blocks to Argentina’s YPF. The deal has been valued at $500 million...
FTC seeks to block Edwards Lifesciences’ acquisition of JenaValve
The U.S. Federal Trade Commission has sued to block Edwards Lifesciences Corp’s acquisition of JenaValve Technology Inc, saying in a lawsuit filed in Washington on Wednesday that the merger would decrease...
FTAI Infrastructure to buy The Wheeling Corp for $1.05 billion
Logistics infrastructure developer FTAI Infrastructure said on Wednesday it had agreed to buy The Wheeling Corporation for $1.05 billion to expand its freight rail platform. New York-based FTAI Infrastructure will...
ChrysCapital gets CCI nod to acquire majority stake in bakery chain Theobroma
Fair trade regulator Competition Commission on Tuesday cleared homegrown private equity major ChrysCapital’s proposal to acquire a majority stake in Mumbai-based bakery chain Theobroma. ChrysCapital is acquiring...
Tata AutoComp, Ichikoh to form JV to acquire Valeo’s lighting biz in India
Tata AutoComp Systems Ltd on Tuesday said it will form a joint venture with Japan’s Ichikoh Industries Ltd to acquire Valeo’s lighting business in India for an undisclosed sum. Valeo’s lighting...
NARCL offers ₹550 crore for Jaypee Cement & Reliance Infra assets
The National Asset Reconstruction Co (NARCL) has submitted binding offers for two distressed assets, including Jaypee Cement Corp. The other asset is a toll road entity of Anil Ambani’s Reliance Infra. For the...
CCI okays Dalmia Bharat’s proposal to acquire Jaiprakash Associates
The Competition Commission of India (CCI) has cleared Dalmia Bharat’s proposal to acquire a 100% stake in Jaiprakash Associates (JAL). The proposed combination follows a resolution process of JAL under the bankruptcy...
